Company car choice - PH help!!

[Soov535]

Hello

So it's company car time. I need help.


Company will provide me with any car I want, plus all of my private and work fuel paid for, so MPG not an issue. Insurance also covered, as well as road tax and servicing and maintenance.

There are very few criteria.

1. Less than 3000cc and can be petrol or diesel. Turbos/Superchargers allowed, so long as 3000cc not exceeded
2. Four or more doors
3. P11D value of up to £40,000 including extras


Ideas so far.


a. BMW 335i M Sport manual
b. Audi S4


Over to you........

[Soov535]

KTF said:

Pick which ever you will pay the lowest tax on.

Also bear in mind you will get taxed for the fuel card as well.

Not too fussed about the CC tax or the fuel card tax. I know that already. This will still be a virtually free car and the difference in tax between the BIK is not worth worrying about.

Edited by Soov535 on Thursday 5th March 11:00

[Soov535]

KTF said:

andy-xr said:

Enjoy

Soov535 said:

2. Four or more doors

I would have suggested the CLA45 AMG but OTR is £42,270

Yup, damned shame.

[Soov535]

Remagel2507 said:

Audi S4 is a good choice, drove a 2013 Audi S5 recently and loved it, engine is wonderful especially when mated to the S-Tronic gearbox

Am liking this, but the base car is £39,950 and so it's gonna be completely poverty spec.

[Soov535]

At present it's looking like the manual 335i M Sport.

[Soov535]

User33678888 said:

http://www.autocar.co.uk/car-news/motor-shows-detr...

Can you push the p11 value a little? S4 and 335i both come in around £39k before options

Nope!

[Soov535]

RicksAlfas said:

eltax91 said:

He's a powerfully built, goatee sporting big City lawyer. He can afford the CC tax.

You'd think they'd give him more than £40,000 to play with in that case.


My choice would be a 428i Gran Coupe sport auto which would leave £1,500'ish for some options.

That's a good shout, especially with the cheaper manual box and M Sport Plus.

[Soov535]

Sheepshanks said:

Jarcy said:

Considering a BMW525d Est - dunno if in budget, or a Jag XF Est.
Nice problem...

It's an irritating level for mid-range "prestige" cars as he's going to get stuffed by list prices being unrealistic. One of my colleagues got a nicely equipped 520d Touring a year ago and the list OTR price was £44K. His PCP is based on the discounted price of £36K.

That's why I own the 535d now.

List was £54k. Got £12k off.

[Soov535]

Limpet said:

Soov535 said:

Not too fussed about the CC tax or the fuel card tax. I know that already. This will still be a virtually free car and the difference in tax between the BIK is not worth worrying about.

Edited by Soov535 on Thursday 5th March 11:00

I presume you have looked into BIK on company cars nowadays. It's not the free perk it once was.

I reckon a 335i with private fuel will set you back well over £500 a month in tax. Good value, perhaps, but it isn't even close to free.

It's about that, yeah.


Plus I lose my cash allowance on top.


Comes out to about £1100 a month all in.




I might just lease a Panamera Diesel!

Edited by Soov535 on Thursday 5th March 14:21

[Soov535]

Muzzer79 said:

Limpet said:

I presume you have looked into BIK on company cars nowadays. It's not the free perk it once was.

I reckon a 335i with private fuel will set you back well over £500 a month in tax. Good value, perhaps, but it isn't even close to free.

"Free" is perhaps the wrong term but show me another avenue where you can get a brand new BMW 335i, with unlimited mileage, free fuel, maintenance and all other costs for £500 a month.

"But you won't own the car" I hear people cry

Fine - show me a lease deal where you can get a brand new BMW 335i, with unlimited mileage, free fuel, maintenance and all other costs for £500 a month.

For hassle-free motoring when you're doing high miles, it's a good deal.

That's the point. £260 a week for a fully expensed car for business and private use including fuel, tyres, tax, servicing and being given a brand new one when I get to 60k sounds cheap to me. I know a lot of people spending close to that on train tickets and parking!!

[Soov535]

edc said:

Merc C300 diesel hybrid. Might not quite work for you but is a good company car choice. The 2 top spec AMG ones though just pip £40k list.

Good shout that - hybrid CO2 tax is low!!

[Soov535]

RicksAlfas said:

Soov535 said:

edc said:

Merc C300 diesel hybrid. Might not quite work for you but is a good company car choice. The 2 top spec AMG ones though just pip £40k list.

Good shout that - hybrid CO2 tax is low!!

It's not as good as you would imagine.
Is the C350E (petrol / electric) in budget?
Now that really is low on the CO2!!

WINNER.

£66 a month company car tax!


In.

[Soov535]

andburg said:

Soov535 said:

WINNER.

£66 a month company car tax!


In.

what calculator are you using?

assuming a standard rate tax payer for the C300 bluetech hyrid amgline

Monthly costs for tax year: 2014 / 2015
Benefit in Kind (BIK cost): £83.37
Private Usage Contribution: £0.00
Company Car cost total: £83.37
Private fuel BIK tax cost: £47.02

Edit: SE Executive is £65.97 and £39.78 for fuel assuming a 20% tax payer

Edited by andburg on Thursday 5th March 17:06

I wish I paid 20%.


5% BIK for the C350e

£40k car.

BIK = £2000 pa

45% tax = £900 pa = £67.50pm



Fuel tax for fuel card

5% * £21,700 = £1,085 pa = £90pm.



Total tax is £157.50 pm



I also lose my cash allowance in lieu of company car of £12k which is £7,200



So total cost per annum of the car is (12 * £157) + £7200 = £9084 pa or £757 pm all in including fuel.




Not bad.

Edited by Soov535 on Thursday 5th March 17:13