Lease on Golf R

[sumo69]

Shahoorsur said:

Anybody else going around dazzling everybody with there full beam? On country roads I keep forgetting its on as the sign on the dash is very small and the same colour of blue as the needles, so you hardly notice it at a glance.

No but on a related point, my headlight range on normal dip seems much longer and stronger on the passenger side - anyone else noticed this?

David

[cheechm]

That is quite normal. Means you can see more with annoying glare for oncoming drivers.

[Steve350]

Can anyone tell me what the deal currently is with the Golf R leases? I've seen the business deal for a little under £200 / month and the personal at a little under £300 / month.

I'm a ltd company and would like to lease a Golf R but obviously i want the busness rate but I dont want to pay for it from my business account as i'll be liable for BIK.

Is this possible?

Steve

[foreverfalling]

Steve350 said:

Can anyone tell me what the deal currently is with the Golf R leases? I've seen the business deal for a little under £200 / month and the personal at a little under £300 / month.

I'm a ltd company and would like to lease a Golf R but obviously i want the busness rate but I dont want to pay for it from my business account as i'll be liable for BIK.

Is this possible?

Steve

Don't think so. I wanted to do this too... Annoys me the extra £50 plus vat for personal

[Steve350]

Yeah it stinks, especially as they aren't allowed to offer different rates for personal and business.

[AGK]

Steve350 said:

Can anyone tell me what the deal currently is with the Golf R leases? I've seen the business deal for a little under £200 / month and the personal at a little under £300 / month.

I'm a ltd company and would like to lease a Golf R but obviously i want the busness rate but I dont want to pay for it from my business account as i'll be liable for BIK.

Is this possible?

Steve

Spoke to my local dealer and they said you need to be VAT registered in order to be approved, doesn't matter if you're LTD etc...you need VAT proof. I looked out my VAT certificate and it's got the company bank details on it so I've got a feeling that's the only one that they'll accept for the finance.

In the end it actually worked out cheaper going PCP with DriveTheDeal discount than the lease cost. And that was before I added BIK. (I was adding options to my lease though)



I didn't bother pursing further so you may want to confirm the VAT thing yourself but they seemed dead set on it + trading for a year, although we know what dealers are like...

Edited by AGK on Tuesday 23 September 22:39

[AGK]

foreverfalling said:

Don't think so. I wanted to do this too... Annoys me the extra £50 plus vat for personal

But if you take a business lease then you should be paying an extra £130 odd a month BIK to the tax man if you're a 20% tax payer and double that if you're a 40% tax payer.

If the car is used for personal too and not solely used for business then you can only claim 10% of the VAT back and not the full 20%.

Now weight that up against a personal deal and tell me a proper legit business deal still looks as attractive...

[Steve350]

Yes I'm VAT registered and like you my VAT cert has account details on. I suspect your probably right about them only using those details. Not unreasonable is it.

Can I ask what kind of numbers your looking at on a PCP deal?

[Dr G]

Still cheapy cheap:

[Birdster]

Dr G said:

Still cheapy cheap:

I wonder if the personal is still around the £300 mark?

[CarlT]

Birdster said:

Dr G said:

Still cheapy cheap:

I wonder if the personal is still around the £300 mark?

They could have at least used an image of the correct car!!!

[CarlT]

Birdster said:

Dr G said:

Still cheapy cheap:

I wonder if the personal is still around the £300 mark?

They could have at least used an image of the correct car!!!

[Pixelpeep7r]

Yeh thats a 6R isn't it?

[AGK]

It's a photoshop. It's not a MK7 or a MK6 lol.

Mk6.5

MK6 have round fuel caps.

[foreverfalling]

Just looked into this.

If you are not a limited company you can still hire the car and you don't have to pay BIK!!!

You can claim a proportion of the lease as expenses and then a proportion of the fuel you buy relative to the engine size and business miles.

Seems like a great deal as it's even better than if it was personal lease at the same price as business lease.

[MrsFallon]

I had a presentation yesterday from Arval as we now work with them.

I've got the full criteria on what qualifies as Business Contract Hire and how you can qualify for Personal.

Drop me an email if anyone needs this information.

[mrdemon]

It a business not just you having a valid VAT number.

[bitchstewie]

Anyone have any suggestions on who to talk to if I was interested in a personal lease but wanted to p/x my existing car vs. the hassle of getting rid and being carless for a period of time etc. please?

[AGK]

We buy any car?

[Dr G]

What is it and where are you?

WBAC can work well if the car has an unreasonably high CAP value but if CAP is more realistic then a specialist dealer will often place more value on it.