Salary sacrifice leasing

[SWoll]

snorkel sucker said:

Agreed; I thought the Ioniq was not too bad given it's the top spec.

Those figures are inc. car allowance, yes - all the portal does is ask you for your salary, so I just added my car allowance to that to give an overall gross figure.

The smaller cars seem expensive - just looked at a Honda E advance; £342!

3 models of Ultimate though, so depends which one?



Think I'd struggle to look past the iPace Black personally. Good spec, excellent performance, decent range and a £72.5k list price. Bit of a bargain at <£550 I'd say.

https://media.jaguar.com/en-gb/news/2021/04/introd...

[snorkel sucker]

SWoll said:

snorkel sucker said:

Agreed; I thought the Ioniq was not too bad given it's the top spec.

Those figures are inc. car allowance, yes - all the portal does is ask you for your salary, so I just added my car allowance to that to give an overall gross figure.

The smaller cars seem expensive - just looked at a Honda E advance; £342!

3 models of Ultimate though, so depends which one?



Think I'd struggle to look past the iPace Black personally. Good spec, excellent performance, decent range and a £72.5k list price. Bit of a bargain at <£550 I'd say.

https://media.jaguar.com/en-gb/news/2021/04/introd...

Ah yes, sorry - it is the middle one, the 217 Ultimate.

Going to have a look at what others are on there today - if anyone wants an idea of anything let me know and I can look. Interesting to compare to other providers if nothing else!

[NSS89]

snorkel sucker said:

Ah yes, sorry - it is the middle one, the 217 Ultimate.

Going to have a look at what others are on there today - if anyone wants an idea of anything let me know and I can look. Interesting to compare to other providers if nothing else!

Thanks for sharing! Agreed it's good to see what other providers are offering to get a better idea of what you could/should be paying.

I should have access to our portal later this month and also happy to share/compare.

[Countdown]

Apologies if this has been answered already.

If you have a DB pension and you salary sacrifice does that mean the pension you eventually receive might be reduced? I think our scheme looks at the average salary during the final 3 years of employment so I assume as long as you continue working for 3 years after the lease-end date you should be fine?

Also what happens if you leave mid-way through the lease term?

[SDK]

SWoll said:

Blimey, the Mustang is pricey?

The Mustang Mach-E is expensive on our list too. Think the GT version is £820 a month !!

Edited by SDK on Wednesday 3rd November 09:53

[jinba-ittai]

SWoll said:

snorkel sucker said:

After much waiting, we have today been given access to our Tusker site.

Have also received clarification that If you are in receipt of a car allowance you can use this to contribute/pay for a car under the Salary Sacrifice scheme. This is what I was expecting would be the case, despite hearing some people say otherwise, and definitely makes the scheme more viable.

A few examples based on 48 months/10k miles:

Hyundai Ioniq 5 Ultimate £402
Taycan (most basic model with zero options) £748
Mustang Mach e AWD £674
Tesla Model 3 SR+ £475
Audi e-tron GT quattro 93.4kWh £830
Jaguar I-PACE 90kWh 400 Black £546

Blimey, the Mustang is pricey? Ioniq 5 and iPace look decent value, Tesla expensive for an SR+, Taycan and Audi very expensive once you add spec but you still would.

Do those prices include your car allowance?

I've got the Tusker site too, the Mustang price quoted there is the GT !!

[jinba-ittai]

After having had a good look on the Tusker site and optioning every EV I could concievably own, my thoughts on the prices were:

- The gross value looks high initially compared to the same car on say, LeasingOptions
- But once you add an amount for servicing/maintenance, insurance, charge point installation to the LeasingOptions prices, Tusker is only around 5% more
- So if you a high tax rate payer you'll save around 35% via the Tusker salary sac scheme vs general lease market
- Biggest gripe is the waiting times, most are 20 weeks+. I liked the I-Pace price at £490 net, but a 44 week wait !!
- But this is not just confined to Tusker I guess with all the supply chain problems at the moment

[SDK]

jinba-ittai said:

- Biggest gripe is the waiting times, most are 20 weeks+. I liked the I-Pace price at £490 net, but a 44 week wait !!
- But this is not just confined to Tusker I guess with all the supply chain problems at the moment

Yep - 20 weeks is good in the current market for a car not in stock

[anonymous-user]

Does anyone have an idea what the rough monthly net cost is for a BMW i4 M50?

My work is about to launch a SS scheme via Zenith but no able to login for quotes yet.

Cheers
Stuart

[Smiljan]

On our Tusker scheme for me with no options and 10k miles for 48 months - £648 a month.

[jonty88]

Ouch
530 through arval for 10k and 36 months all inclusive of maint and insurance for 40% tax bracket which is still think is steep as shows the breakdown and the car lease is 800 before tax.

The Sal sacrifice companies are using it as a lucrative opportunity….

[anonymous-user]

Smiljan said:

On our Tusker scheme for me with no options and 10k miles for 48 months - £648 a month.

Thanks, pretty much in line with what I was expecting. It’s the only EV that I could live with as the others look a bit meh (apart from a taycan CT).

I’ve got a Touareg on order at 3+35 at £550 but considering the SS scheme as an alternative.

[CheesecakeRunner]

zj2016 said:

Does anyone have an idea what the rough monthly net cost is for a BMW i4 M50?

Arval want on our scheme…

£598 net for an unoptioned M50 over 36 months and 15k miles per annum for a 40% tax payer (we can’t change the mileage allowance on our scheme)
£568 for same over 48 months, still 15k per annum

£686 net over 36 months and 15k for a 20% tax payer
£651 net for same over 48 months.

Prices include zero deposit full comp business insurance for driver and spouse/partner, any tyres, and maintenance, and breakdown recovery.

[SWoll]

CheesecakeRunner said:

zj2016 said:

Does anyone have an idea what the rough monthly net cost is for a BMW i4 M50?

Arval want on our scheme…

£598 net for an unoptioned M50 over 36 months and 15k miles per annum for a 40% tax payer (we can’t change the mileage allowance on our scheme)
£568 for same over 48 months, still 15k per annum

£686 net over 36 months and 15k for a 20% tax payer
£651 net for same over 48 months.

Prices include zero deposit full comp business insurance for driver and spouse/partner, any tyres, and maintenance, and breakdown recovery.

For a car that's currently costing £1,000-1100 a month on a personal lease with those 36 month terms without insurance that looks pretty decent? Essentially half price everything considered.

As with all leasing/SS adding options will be the kicker. Any idea what a fully loaded car with 20" wheels and the various packages would cost? A quick look online suggest another £2-250 a month on top pre tax.

[Smiljan]

SWoll said:

For a car that's currently costing £1,000-1100 a month on a personal lease with those 36 month terms without insurance that looks pretty decent? Essentially half price everything considered.

As with all leasing/SS adding options will be the kicker. Any idea what a fully loaded car with 20" wheels and the various packages would cost? A quick look online suggest another £2-250 a month on top pre tax.

On our Tusker scheme it goes from £658 no options to £740 with every option ticked. (No 20" wheel option though, only 19's).

From what I've seen of other SS schemes, ours isn't the cheapest. That price goes up around £10 a month with the tax changes next year and is based on a salary below £100k

[anonymous-user]

CheesecakeRunner said:

zj2016 said:

Does anyone have an idea what the rough monthly net cost is for a BMW i4 M50?

Arval want on our scheme…

£598 net for an unoptioned M50 over 36 months and 15k miles per annum for a 40% tax payer (we can’t change the mileage allowance on our scheme)
£568 for same over 48 months, still 15k per annum

£686 net over 36 months and 15k for a 20% tax payer
£651 net for same over 48 months.

Prices include zero deposit full comp business insurance for driver and spouse/partner, any tyres, and maintenance, and breakdown recovery.

That’s decent enough. Cheers for posting.

I would probably only add the upgraded alloys.

[CheesecakeRunner]

SWoll said:

For a car that's currently costing £1,000-1100 a month on a personal lease with those 36 month terms without insurance that looks pretty decent? Essentially half price everything considered.

As with all leasing/SS adding options will be the kicker. Any idea what a fully loaded car with 20" wheels and the various packages would cost? A quick look online suggest another £2-250 a month on top pre tax.

£735 with all the packs, 20in wheels, but no other options, over 36 months, 15k for a 40% payer…

[SWoll]

CheesecakeRunner said:

SWoll said:

For a car that's currently costing £1,000-1100 a month on a personal lease with those 36 month terms without insurance that looks pretty decent? Essentially half price everything considered.

As with all leasing/SS adding options will be the kicker. Any idea what a fully loaded car with 20" wheels and the various packages would cost? A quick look online suggest another £2-250 a month on top pre tax.

£735 with all the packs, 20in wheels, but no other options, over 36 months, 15k for a 40% payer…

£1250 on a couple of leasing site I've checked for the same spec and terms with maintenance but without insurance. Seems like a very decent deal to me and I'd be ticking those boxes personally.

[anonymous-user]

Hard not to go crazy on options. Was speaking to a guy at Zenith saying that once I’m able to start getting quotes I would like to man math my way into a Taycan CT but he said that although it might be c. £7-800 a month, on average folk are spending £10-30k on options.

[SWoll]

zj2016 said:

Hard not to go crazy on options. Was speaking to a guy at Zenith saying that once I’m able to start getting quotes I would like to man math my way into a Taycan CT but he said that although it might be c. £7-800 a month, on average folk are spending £10-30k on options.

Fully loading an i4 M50 adds about £7.5k to the list price for a very well equipped car. Adding even some basics like 20" wheels, matrix lights and a glass roof to the Taycan 4 CT costs about the same. If you like your options the Porsche gets very expensive, very quickly, and you'll be paying most of the list price for them over the term. £3-400 a month extra after tax savings wouldn't be unusual and often better off picking a higher priced standard model like the 4S or Turbo that get the options as standard.