Salary sacrifice leasing

Author
Discussion

TheDeuce

22,585 posts

68 months

Thursday 23rd May
quotequote all
Tractor Driver said:
Surely this whole salary sacrifice methodology caves in when government starts to ramp up BIK on EVs.

That’s then a potentially substantial jump in monthly cost and I can’t see the metrics adding up for most, as presumably the lease companies will be unwilling to reduce the tidy sums they’re making from these deals.
Companies going back to sorting their own lease arrangements rather than specialist SS firms would save a chunk. Also Manufacturers will reduce the retail and lease prices of the cars as the BIK savings reduce.

In the end it might well be that there is no benefit of EV (or any fuel type) as a company car for most people, as has been the case on/off for decades concerning when gov't do/do not wish to encourage take up of a particular car type.

It's an incentive measure, it definitely won't last forever - that's the nature of an incentive. I expect the BIK gap between EV and ICE will remain substantial running up to the ban dates though.




ChocolateFrog

26,090 posts

175 months

Thursday 23rd May
quotequote all
Just did a quote and my exact car (X-Power in Racing green) is around £80pm more than I paid 4 months ago.

Circa £170pm gross more in Tuskers pockets just in the last few months.

TheDeuce

22,585 posts

68 months

Thursday 23rd May
quotequote all
ChocolateFrog said:
Just did a quote and my exact car (X-Power in Racing green) is around £80pm more than I paid 4 months ago.

Circa £170pm gross more in Tuskers pockets just in the last few months.
You know the prices they get the cars for shoot up and down too? Leasing has always been like that.

I had an iPace for three years at £500pm. Went to get a new one, it was £900pm, but an iX was £380...

The price is down to what the manufacturers wholesale the cars too, which in turn is down to their desire to max out production volumes or attack their competitors market share of the segment and a load more things.

Leasing prices are volatile. When a bargain comes along, grab it! Don't expect the same bargain next time around, but there are always other bargains for different cars.

Pistonheadsdicoverer

280 posts

48 months

Thursday 23rd May
quotequote all
TheDeuce said:
You know the prices they get the cars for shoot up and down too? Leasing has always been like that.

I had an iPace for three years at £500pm. Went to get a new one, it was £900pm, but an iX was £380...

The price is down to what the manufacturers wholesale the cars too, which in turn is down to their desire to max out production volumes or attack their competitors market share of the segment and a load more things.

Leasing prices are volatile. When a bargain comes along, grab it! Don't expect the same bargain next time around, but there are always other bargains for different cars.
I agree to a certain extent. Tusker in particular seems to go against the grain with prices that are more often than not out of sync with the wider market across a number of brands. Caveat, T is the only SS I have access to so I can see how things fluctuate like crazy (mostly going up).

TheDeuce

22,585 posts

68 months

Thursday 23rd May
quotequote all
Pistonheadsdicoverer said:
TheDeuce said:
You know the prices they get the cars for shoot up and down too? Leasing has always been like that.

I had an iPace for three years at £500pm. Went to get a new one, it was £900pm, but an iX was £380...

The price is down to what the manufacturers wholesale the cars too, which in turn is down to their desire to max out production volumes or attack their competitors market share of the segment and a load more things.

Leasing prices are volatile. When a bargain comes along, grab it! Don't expect the same bargain next time around, but there are always other bargains for different cars.
I agree to a certain extent. Tusker in particular seems to go against the grain with prices that are more often than not out of sync with the wider market across a number of brands. Caveat, T is the only SS I have access to so I can see how things fluctuate like crazy (mostly going up).
Tbh I don't know why companies insist on going with firms like Tusker.

There's no reason at all why they can't let employees arrange choose their own lease deals and the company fill out the paperwork etc. Its more of a back office load for the company but, naturally, the SS providers are charging for that element of it too.

I agree the Tusker prices I see quoted on here are a joke, especially compared to what is available via direct lease from the major leasing co's.

TheDrownedApe

1,061 posts

58 months

Thursday 23rd May
quotequote all
TheDeuce said:
Tbh I don't know why companies insist on going with firms like Tusker.

There's no reason at all why they can't let employees arrange choose their own lease deals and the company fill out the paperwork etc. Its more of a back office load for the company but, naturally, the SS providers are charging for that element of it too.

I agree the Tusker prices I see quoted on here are a joke, especially compared to what is available via direct lease from the major leasing co's.
I'm busy having this argument with Babcock (employer). Novuna is like a 12yo has designed the website. It's so slow and very hard to match deals as it only ever shows you one make/model/version at any one time. if you want to view the "SE" v the "Sport" you can't do it directly; it needs about 30 sec of loading and about 8 mouse clicks and you remembering the price.

I was gobsmacked with a comment further up about the SS company emailing them about offers, i can't get a reply from them and they never, ever email or show us what's been updated on the site.

I provide the Babcock POC with all this info and comparison quotes when they appear on here but they keep saying they very competitive when deciding to use them. - i read this as, we make more money off them than with others.

ChocolateFrog

26,090 posts

175 months

Thursday 23rd May
quotequote all
TheDeuce said:
ChocolateFrog said:
Just did a quote and my exact car (X-Power in Racing green) is around £80pm more than I paid 4 months ago.

Circa £170pm gross more in Tuskers pockets just in the last few months.
You know the prices they get the cars for shoot up and down too? Leasing has always been like that.

I had an iPace for three years at £500pm. Went to get a new one, it was £900pm, but an iX was £380...

The price is down to what the manufacturers wholesale the cars too, which in turn is down to their desire to max out production volumes or attack their competitors market share of the segment and a load more things.

Leasing prices are volatile. When a bargain comes along, grab it! Don't expect the same bargain next time around, but there are always other bargains for different cars.
3 years is a long time. I got mine at the end of Feb.

There's a good chance one delivered today arrived on the same boat.

ChocolateFrog

26,090 posts

175 months

Thursday 23rd May
quotequote all
And someone in the office got theirs for about £50 less than I did because they were a couple of months ahead of me.

TheDeuce

22,585 posts

68 months

Thursday 23rd May
quotequote all
ChocolateFrog said:
TheDeuce said:
ChocolateFrog said:
Just did a quote and my exact car (X-Power in Racing green) is around £80pm more than I paid 4 months ago.

Circa £170pm gross more in Tuskers pockets just in the last few months.
You know the prices they get the cars for shoot up and down too? Leasing has always been like that.

I had an iPace for three years at £500pm. Went to get a new one, it was £900pm, but an iX was £380...

The price is down to what the manufacturers wholesale the cars too, which in turn is down to their desire to max out production volumes or attack their competitors market share of the segment and a load more things.

Leasing prices are volatile. When a bargain comes along, grab it! Don't expect the same bargain next time around, but there are always other bargains for different cars.
3 years is a long time. I got mine at the end of Feb.

There's a good chance one delivered today arrived on the same boat.
It's still normal for prices to change that quickly, they'll sell based on buying price trends at the time - in addition to 'what they can get' if something is proving very popular of course.

I've jumped on lease deals and seen them rise by hundreds in days. My brother in law went from an i4 being a bargain to totally unaffordable in the time it took to sort the paperwork.

It's a funny old game - a shame your co is Tusker only.

Zj2002

168 posts

2 months

Thursday 23rd May
quotequote all
ChocolateFrog said:
And someone in the office got theirs for about £50 less than I did because they were a couple of months ahead of me.
I ordered my i4 M50 in Dec 21 which wasn’t delivered until Jan 23 - I suspect my net £600 per month will likely by £800 + when I need to replace it.

TheDeuce

22,585 posts

68 months

Thursday 23rd May
quotequote all
Zj2002 said:
ChocolateFrog said:
And someone in the office got theirs for about £50 less than I did because they were a couple of months ahead of me.
I ordered my i4 M50 in Dec 21 which wasn’t delivered until Jan 23 - I suspect my net £600 per month will likely by £800 + when I need to replace it.
Easily I think! But of course, you could get lucky - if sales are slow at the time and they want to maintain volume of production, they'll sling thousands of units at the lease co buyers.

When my M50 goes back I think I'd rather have something more sporty, less 'GT' though. But in reality, I'll go for whatever massive horsepower bargain there is available...

Zj2002

168 posts

2 months

Thursday 23rd May
quotequote all
TheDeuce said:
Zj2002 said:
ChocolateFrog said:
And someone in the office got theirs for about £50 less than I did because they were a couple of months ahead of me.
I ordered my i4 M50 in Dec 21 which wasn’t delivered until Jan 23 - I suspect my net £600 per month will likely by £800 + when I need to replace it.
Easily I think! But of course, you could get lucky - if sales are slow at the time and they want to maintain volume of production, they'll sling thousands of units at the lease co buyers.

When my M50 goes back I think I'd rather have something more sporty, less 'GT' though. But in reality, I'll go for whatever massive horsepower bargain there is available...
I plan on potentially getting another one, will be telling the wife the payments are the same!

ChocolateFrog

26,090 posts

175 months

Thursday 23rd May
quotequote all
Zj2002 said:
ChocolateFrog said:
And someone in the office got theirs for about £50 less than I did because they were a couple of months ahead of me.
I ordered my i4 M50 in Dec 21 which wasn’t delivered until Jan 23 - I suspect my net £600 per month will likely by £800 + when I need to replace it.
I think it's more.

There's a guy in the office with one of those and he's paying only just over £500 net.

i4 isn't listed on Tusker anymore as far as I can see but the i5 M60 starts at £1000net for 3 years and 10k. Exactly £1500 gross without any options.

ChocolateFrog

26,090 posts

175 months

Thursday 23rd May
quotequote all

TheDeuce

22,585 posts

68 months

Thursday 23rd May
quotequote all
ChocolateFrog said:
Zj2002 said:
ChocolateFrog said:
And someone in the office got theirs for about £50 less than I did because they were a couple of months ahead of me.
I ordered my i4 M50 in Dec 21 which wasn’t delivered until Jan 23 - I suspect my net £600 per month will likely by £800 + when I need to replace it.
I think it's more.

There's a guy in the office with one of those and he's paying only just over £500 net.

i4 isn't listed on Tusker anymore as far as I can see but the i5 M60 starts at £1000net for 3 years and 10k. Exactly £1500 gross without any options.
Obviously have to adjust the figures and add insurance but... https://www.synergycarleasing.co.uk/bmw/i5/saloon/...

This is why being forced to use a SS supplier is annoying I imagine.

Zj2002

168 posts

2 months

Thursday 23rd May
quotequote all
I used to login to the Zenith portal on occasion to keep tabs on prices, however I’ve recently been unable to view prices as I’m ‘not eligible to order’.

Would take an M60 but not at those prices.

TheDrownedApe

1,061 posts

58 months

Wednesday 29th May
quotequote all
it was worth checking laugh



Cupid-stunt

2,637 posts

58 months

Wednesday 29th May
quotequote all
TheDrownedApe said:
it was worth checking laugh


My company ( pretty sure it is not based on Grade) have any models >£80k.

Are you C Level so able to access a wider range?

Drop in the ocean, you should get it smokin

m3jappa

6,473 posts

220 months

Thursday 30th May
quotequote all
As has been said many time son here the vast majority of prices on there are totally mental.

However theres a few random ones now and then.

We ordered the i4 m50 at 716 iirc a month.

Unfortunately the day after ordering the facelift was revealed and as such about 2 weeks later the deal was cancelled by the dealer (apparently)

New model goes on, its about £200 a month more.

The one we have now gone for is

q8 etron 50 black edition in ultra blue with tech pack.

806 a month!

Sounds very cheap to me, comparable leases and finance deals are hundreds more a month with big deposits, no insurance, tyres etc etc.

Lets hope they dont cancel this one hehe

TheDrownedApe

1,061 posts

58 months

Thursday 30th May
quotequote all
Cupid-stunt said:
My company ( pretty sure it is not based on Grade) have any models >£80k.

Are you C Level so able to access a wider range?

Drop in the ocean, you should get it smokin
Sorry no idea what C level is but assume it's for those with large salaries; I'm a normal 40% rate payer.