Salary sacrifice leasing

[anonymous-user]

SWoll said:

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.

I’m probably pushing myself to get into a base Taycan CT, even just the upgraded alloys alone are £3k. It’s probably going to get ruled out quickly. Straight choice I think between i4 50M with 20’s or stick with my Touareg order. Waiting to drive the BMW before deciding.

[SWoll]

zj2016 said:

SWoll said:

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.

I’m probably pushing myself to get into a base Taycan CT, even just the upgraded alloys alone are £3k. It’s probably going to get ruled out quickly. Straight choice I think between i4 50M with 20’s or stick with my Touareg order. Waiting to drive the BMW before deciding.

Very different propositions so should be quite obvious I'd have thought? An eTron like we currently have a better comparison with the Touareg I'd expect, though not sure how expensive they are on SS for a decent spec.

[anonymous-user]

SWoll said:

Very different propositions so should be quite obvious I'd have thought? An eTron like we currently have a better comparison with the Touareg I'd expect, though not sure how expensive they are on SS for a decent spec.

E-tron is what I was looking at but the guy at Zenith said he wouldn’t recommend one as the technology is old and that I would regret not holding off for a Q6 but I think that’s well into next year.

Part of me thinks I should go Touareg until EVs are more mainstream and there are more SUV options.

[SWoll]

zj2016 said:

SWoll said:

Very different propositions so should be quite obvious I'd have thought? An eTron like we currently have a better comparison with the Touareg I'd expect, though not sure how expensive they are on SS for a decent spec.

E-tron is what I was looking at but the guy at Zenith said he wouldn’t recommend one as the technology is old and that I would regret not holding off for a Q6 but I think that’s well into next year.

Part of me thinks I should go Touareg until EVs are more mainstream and there are more SUV options.

No long commitment with ours but the tech seems fine to me. Charge speeds are very good and whilst efficiency is a bit rubbish it's what I expected from a 2.5 ton SUV. The Q6 does look interesting but as you say I doubt you'll get hold of one until 2023 with current lead times.

if the i4 M50 suits you from a space perspective it looks like a compelling option to me. All the performance you'll ever need, good range, plenty of kit etc. If I was committing to an EV long term it would definitely be top of my list if the Taycan CT just too expensive.

That sad, I reckon I could keep the options below £5k and still have a Taycan CT I'd be very happy with.

http://www.porsche-code.com/PNGZP7E8

Edited by SWoll on Sunday 21st November 16:12

[anonymous-user]

SWoll said:

No long commitment with ours but the tech seems fine to me. Charge speeds are very good and whilst efficiency is a bit rubbish it's what I expected from a 2.5 ton SUV. The Q6 does look interesting but as you say I doubt you'll get hold of one until 2023 with current lead times.

if the i4 M50 suits you from a space perspective it looks like a compelling option to me. All the performance you'll ever need, good range, plenty of kit etc. If I was committing to an EV long term it would definitely be top of my list if the Taycan CT just too expensive.

That sad, I reckon I could keep the options below £5k and still have a Taycan CT I'd be very happy with.

http://www.porsche-code.com/PNGZP7E8

Edited by SWoll on Sunday 21st November 16:12

Just the £3k for me

http://www.porsche-code.com/PNPGAFG8

[SWoll]

zj2016 said:

Just the £3k for me

http://www.porsche-code.com/PNPGAFG8

Now come on, £3981 is not £3k, you've only spent £800 les than me.

£3k of it for wheels alone?

Edited by SWoll on Sunday 21st November 19:23

[plfrench]

40% 10k for 3yrs through Zenith is coming out at £612.06 only options were blue paint though this is £1003.10 gross.

[SWoll]

plfrench said:

40% 10k for 3yrs through Zenith is coming out at £612.06 only options were blue paint though this is £1003.10 gross.

They're not cheap on personal lease over 3 years/30k (£900) so £1000 a month including everything certainly isn't taking the piss in comparison.

Take into account the £5k cheaper Model 3 performance is currently around £100 more per month on a personal lease with the same terms as the M50 and the only free colour choice is white paint and black interior. Want it the other way around and you're looking at another £100 a month.

Prices have gone crazy though. Back in 2019 our M3P cost £799 a month all in for 12k miles per year with free paint choice and zero long term commitment. £1299+ today..

Edited by SWoll on Sunday 21st November 21:22

[anonymous-user]

plfrench said:

40% 10k for 3yrs through Zenith is coming out at £612.06 only options were blue paint though this is £1003.10 gross.

That’s really helpful, it’s Zenith I’m waiting for my login details for and I was planning on upgrading the wheels only at £1,350 so should be marginally higher than the £612 you’ve posted. Is there a deposit to be paid?

[SWoll]

zj2016 said:

plfrench said:

40% 10k for 3yrs through Zenith is coming out at £612.06 only options were blue paint though this is £1003.10 gross.

That’s really helpful, it’s Zenith I’m waiting for my login details for and I was planning on upgrading the wheels only at £1,350 so should be marginally higher than the £612 you’ve posted. Is there a deposit to be paid?

I'd be tempted to keep the 19's and go for the better/more adjustable m-sport seats for £1200. It'll ride better and get quite a bit more range on the 19's and those seats are awesome, especially in cognac leather.

[CheesecakeRunner]

zj2016 said:

Is there a deposit to be paid?

Usually not with salary sacrifice.

[plfrench]

zj2016 said:

That’s really helpful, it’s Zenith I’m waiting for my login details for and I was planning on upgrading the wheels only at £1,350 so should be marginally higher than the £612 you’ve posted. Is there a deposit to be paid?

No deposit. Insurance, maintenance and tyres included.

[Cascade360]

zj2016 said:

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

10k miles / 3 years / no options on Zenith for me:

[anonymous-user]

Cascade360 said:

zj2016 said:

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

10k miles / 3 years / no options on Zenith for me:

Ooft, that’s dear.

[SWoll]

Cascade360 said:

10k miles / 3 years / no options on Zenith for me:

That's a significant difference in gross cost compared to the poster above. Possibly down to size of account, chosen coverage for early termination etc?

zj2016 said:

Ooft, that’s dear.

Any idea what the termination terms are on your deal? i know some companies expect a significant payment from the driver if they decide to leave the company in the first year of the agreement etc?

Edited by SWoll on Monday 22 November 11:15

[anonymous-user]

SWoll said:

Cascade360 said:

10k miles / 3 years / no options on Zenith for me:

That's a significant difference in gross cost compared to the poster above. Possibly down to size of account, chosen coverage for early termination etc?

zj2016 said:

Ooft, that’s dear.

Any idea what the termination terms are on your deal? i know some companies expect a significant payment from the driver if they decide to leave the company in the first year of the agreement etc?

Edited by SWoll on Monday 22 November 11:15

My employer hasn’t provided login details to Zenith yet so I have no idea what the terms are. Must admit I was quite excited at £615 ish but it would be a hard pass at the levels above.

Think I am doing the guy at Zeniths head in as I keep chasing as I am keen to make a decision before Christmas given how long lead times are at the moment.

[plfrench]

zj2016 said:

My employer hasn’t provided login details to Zenith yet so I have no idea what the terms are. Must admit I was quite excited at £615 ish but it would be a hard pass at the levels above.

Think I am doing the guy at Zeniths head in as I keep chasing as I am keen to make a decision before Christmas given how long lead times are at the moment.

Without any options (the quote above included Tanzanite Blue), 10k per year 40% bracket it's coming our at £596.27 Net, £976.58 gross. That is a huge difference to Cascade 360's quote! I cannot get out of the agreement unless I leave my company (resign or redundancy) or lose my license and even then there will be penalties for doing so.

[Cascade360]

SWoll said:

Cascade360 said:

10k miles / 3 years / no options on Zenith for me:

That's a significant difference in gross cost compared to the poster above. Possibly down to size of account, chosen coverage for early termination etc?

zj2016 said:

Ooft, that’s dear.

Any idea what the termination terms are on your deal? i know some companies expect a significant payment from the driver if they decide to leave the company in the first year of the agreement etc?

Edited by SWoll on Monday 22 November 11:15

I am not sure. My company employees probably around 5,000 people, but the majority will not have salary sacrifice cars. There is no ability to terminate early, other than on resignation.
This is what it says about termination on resignation in the FAQ:

On resigning you must call Zenith immediately who will advise you of your options, which are:

° Return the vehicle to Zenith and pay an early termination charge. The charge will be the higher of 40% of the outstanding lease costs due to the Owner or four months' lease payments due to the Owner (except where that lease has less than four months to run, in which case the cost charged will be the remaining lease cost), plus any vehicle movement costs, excess mileage and/or damage charges.

° Buy the vehicle outright for the current market value, once the early termination charge and any excess mileage charges have been settled. If you opt for this then you will need to arrange your own insurance, maintenance and repairs, road fund licences, etc.

° Take the vehicle over on a Personal Contract Purchase (PCP) arrangement with Zenith and keep the vehicle on a personal lease (subject to confirmation from Zenith) once any termination costs have been settled. If you opt for this then you will need to arrange your own insurance, maintenance and repairs, road fund licences etc.

[Cascade360]

This is the car to make sure we are comparing like for like:



I am in my late twenties and in SE London with 4 years NCB which might make me relatively expensive for insurance, but should not make a huge difference I would not have thought.

[anonymous-user]

Cascade360 said:

This is the car to make sure we are comparing like for like:



I am in my late twenties and in SE London with 4 years NCB which might make me relatively expensive for insurance, but should not make a huge difference I would not have thought.

Yeah that’s the car, hoping there is a London insurance premium in there.

I’m late 30’s and up in Scotland, hoping for closer to £600. Will update once I’m able to get onto the system.