Lease or Company Car? Help

[Furton]

I used to have a company car which was based on a salary sacrifice scheme where the car available was based on bands, i.e. so a £4500 annual salary sacrifice would get you a BMW 116d ED with unlimited mileage, maintenance, insurance and repairs.

However, I handed the car back after taking a 6 month sabbatical and now that I'm back I was hoping to pick up the same deal, however the scheme has now changed.

Instead of being limited to BMW's, we can now choose a range of cars and receive quotes for specific models. As we are hoping to start a family soon I'm leaning towards an SUV either the X1 or the Tiguan (can only have VW, BMW or Audi through the company car scheme.

I tend to do between 20k and 25k a year.

The quotes I've had through are as follows

BMW X1 F48 5dr sDrive18d SE Auto (£469.80 a month salary sacrifice)
VW Tiguan 2.0 TDI BMT 150 PS 4 Motion SE Nav 5dr (£462 a month salary sacrifice)
VW Golf GTE 1.4 TSI PHEV 5dr DSG (£469 a month salary sacrifice)

I'm struggling with the Tax implications of each option, have I got the below correct?

Golf GTE
Salary Sacrifice (Leasing Cost inc Insurance & servicing) 5,639
Higher Rate Tax Saving (2,256)
Benefit in Kind (13% List price @40% tax) 1,692
Cost of Ownership 5,076

Monthly reduction in salary: £446

BMW X1
Salary Sacrifice (Leasing Cost inc Insurance & servicing) 5,638
Higher Rate Tax Saving (2,255)
Benefit in Kind (28% List price @40% tax) 3,429
Cost of Ownership 6,812

Monthly reduction in salary: £512

I'm constantly monitoring the lease deal thread on these forums but leasing doesn't appear to be a cost effective way of doing 20k+ miles a year?

[tigger1]

Furton said:

I'm constantly monitoring the lease deal thread on these forums but leasing doesn't appear to be a cost effective way of doing 20k+ miles a year?

It's often the case that for higher mileages you're better off quoting at 8/10k miles per year, and then paying the excess mileage charges. Those can be as little as 7ppm (£700 / 10k miles, so adds about £60/month to your quote to do 20k rather than 10k/year). Be warned though, some companies charge over 20ppm, and have an upper limit on excess miles at that rate (presumably they charge even more after that!).

[Nickp82]

Can they definitely get you a Golf GTE? I thought there were none in the UK and no production currently?

[andburg]

Worth noting the GTE boot is smaller than a standard golf and if you don't drive it like a hybrid and plug in it you're likely to see mid 30's mpg based on the guys i work with who have fuel cards.

those without fuel cards get much better economy as they make sure they charge them and drive more sensibly