£15k for a new company car
Discussion
andy-xr said:
That's very grey. It will also be worth half that within a year.andy-xr said:
That's overpriced TBH.Ford dealer local to me is knocking out brand spanking (pre reg) 2.0 Titanium X's at £16,000
Is the car allowed to be secondhand then?
I've been looking at company cars recently, and tbh a big consideration needs to be BIK tax.
Check out comcar.co.uk for more on this.
Depends if he will be taxed at 40% or 20% on the car though, at 20% something relatively 'heavy' on BIK is not such an issue.
Legend83 said:
What to get?
My mate has been told by his boss that he can go out get a new company car for £15k. Thought I would throw this out to PH as I have little knowledge of what can be had new these days.
Requirements - comfy, frugal and reliable as he will be doing many miles.
Actually re reading this the OP definitely states new.My mate has been told by his boss that he can go out get a new company car for £15k. Thought I would throw this out to PH as I have little knowledge of what can be had new these days.
Requirements - comfy, frugal and reliable as he will be doing many miles.
New for 15K doesn't give much choice tbh, you're probably looking at a decent spec fiesta tbh.
Re lease deals, the problem is the cracking deals are usually for 10k P/A. When you up the mileage the numbers shoot up.
Legend83 said:
What to get?
My mate has been told by his boss that he can go out get a new company car for £15k. Thought I would throw this out to PH as I have little knowledge of what can be had new these days.
Requirements - comfy, frugal and reliable as he will be doing many miles.
Any other criteria? Maximum age, body-style and so on.My mate has been told by his boss that he can go out get a new company car for £15k. Thought I would throw this out to PH as I have little knowledge of what can be had new these days.
Requirements - comfy, frugal and reliable as he will be doing many miles.
Toaster Pilot said:
Legend83 said:
Ok, lots of questions which I will ask and revert back.
BIK should not be tpi much of an issue as the proportion of private use will be light.
Surely if there is any private use at all (ie the car is not left at the business premises at night) then BIK is due.BIK should not be tpi much of an issue as the proportion of private use will be light.
If he really doesn't need it at home and has another car maybe he should insist on it being kept at work and commute in his own vehicle avoiding BIK altogether?
CDP said:
True. Unfortunately they don't take into account the proportion of business mileage which really penalises those who genuinely need a car for work as opposed to those who take it for a perk. I can't help thinking it damaged the likes of Ford, Vauxhall and Rover compared with the German manufacturers too. But such was the madness of the last government.
If he really doesn't need it at home and has another car maybe he should insist on it being kept at work and commute in his own vehicle avoiding BIK altogether?
Was it the last government who made the change to charge all company car drivers a BIK tax on their cars? - I thought it came earlier than that.If he really doesn't need it at home and has another car maybe he should insist on it being kept at work and commute in his own vehicle avoiding BIK altogether?
However, the old regime was also flawed, as drivers used to mysteriously drive extra business miles in March so they minimised the tax they were due to pay...
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