Salary Sacrifice Car Quote

[jpringle819]

Hi, it is time to replace my wifes NHS salary sacrifice car and we have started getting quotes. I am finding the details provided unclear, there is a line for take home pay reduced by £xxx and a total estimated cost of £xxx. Surely the total estimated cost should be the same as the take home pay reduced by. Or am I completely misunderstanding it? I am expecting the higher amount to be how much less my wife ends up with each month, in which case its cheaper to buy directly.

[simon_harris]

£538 a month for a Dacia?

Ay Carumba!

[Sy1441]

On the surface that doesn't look very appealing. What's included in the pricing?

[jpringle819]

Sy1441 said:

On the surface that doesn't look very appealing. What's included in the pricing?

Its not that appealing at £540 a month but does include insurance, tyres and servicing.

[jpringle819]

simon_harris said:

£538 a month for a Dacia?

The £135 monthly company car tax kills it. If we went full EV we wouldn't have to pay that. Skoda Enyaq is coming in under £400 but we don't really have a suitable place to charge it

[cerb4.5lee]

simon_harris said:

£538 a month for a Dacia?

Ay Carumba!

You'd need a screw loose to pay that for a Dacia surely?

[Previous]

With the NHS she's likely on some kind of defined benefit pension (aka final salary), possibly one that takes a career average.

I mention it as some schemes take away the salary sacrifice amount before calculating pension contributions (essentially they reduce her pension because of it): You / She should consider this because if that's the case that shiny car costs a lot more than the sticker price.

Edited by Previous on Saturday 10th May 12:22

[jpringle819]

I guess the important question is what is the loss to salary? Is the monthly take home reduced by £xxx misleading? Should it be the total estimated cost that the take home pay is reduced by?