Best lease car deals available?
Discussion
Nothing to do with vat other than they are allowed to show the product vat free on a business deal.
You pay vat on everything, makes no difference if you are a business or not.
The difference is from the manufacturer, they don't want private individuals to get these deals, not when they are trying to sell pcp at £500 a month for the same car.
You pay vat on everything, makes no difference if you are a business or not.
The difference is from the manufacturer, they don't want private individuals to get these deals, not when they are trying to sell pcp at £500 a month for the same car.
Welshbeef said:
Wills2 said:
How does that affect my experience when I leased a car?
Because if its business you are paying no VAT while personal you do - so if you as an individual claim to be a business sign the paperwork and avoid the VAT it is tax evasion. The only way round it would be for the invoice to have the supplying company invoice you incl vat and they take the hit which given they are not a charity might cause issues. We bang on about companies and high wealth individuals avoiding paying the correct levels of taxation this is no different its knowingly signing paperwork that you know to be not true (unless of course the supplying company fudged the paperwork nd you had no knowledge but were playing naive and happily not paying vat on something you know should have vat).
An individual taking on one of these deals will pay the vat but won't be able to claim it back.
kin' seem like it!! Welshbeef said:
Cut and shut case it is VAT fraud
Please can you explain exactly how this works as I don't understand. My understanding was that whether an individual or business takes a lease VAT is payable, the only difference being the business can reclaim the VAT. Exactly the same as shopping in Costco where prices are quoted net of vat, but vat is payable at the till.Who is being defrauded?
How about a Leon Cupra
£1500 down and £250pcm for 5k pa. These prices are including VAT.
£1250 and £210 ex vat
http://www.firstvehicleleasing.co.uk/car-leasing/s...
JQ said:
Please can you explain exactly how this works as I don't understand. My understanding was that whether an individual or business takes a lease VAT is payable, the only difference being the business can reclaim the VAT. Exactly the same as shopping in Costco where prices are quoted net of vat, but vat is payable at the till.
Who is being defrauded?
You are correct and in reality companies can't even claim all of the vat back either. People are getting very confused :-)Who is being defrauded?
Tedious bickering on PH whatever next hehehe
right back on track with this thread
a lot of car for the money me thinks
http://www.freedomcontracts.com/BMW-1-Series-5Dr-M...
right back on track with this thread
a lot of car for the money me thinks
http://www.freedomcontracts.com/BMW-1-Series-5Dr-M...
Fox- said:
Welshbeef is a Finance Director, I think he probably knows a tad more about VAT than you?
He's a fecking pisshead by his own admission and anything past 10pm is usually drunken bs. Have a look through his imaginary crimbo present thread......Gizarloc knows what he is talking about. Even if he wears ladies underwear
TKH said:
Tedious bickering on PH whatever next hehehe
right back on track with this thread
a lot of car for the money me thinks
http://www.freedomcontracts.com/BMW-1-Series-5Dr-M...
Is £387 pcm cheap, I thought they were a lot less a few months ago?right back on track with this thread
a lot of car for the money me thinks
http://www.freedomcontracts.com/BMW-1-Series-5Dr-M...
Actually Tonker nailed it
Now whether signing a business deal as a paye employee constitutes some other fraud or misrepresentation is another matter. TBH most business deals I have seen say "call for personal quote" and its the same amount, they just dont separate the net and the vat and give you a consolidated total. Perhaps teh vw ones are different, I have not looked as golf too small for my needs
anonymous said:
[redacted]
If a car is £100 pcm + VAT, both business and personal customers pay £120pcm, the business can claim back, some or all of the £20 VAT against other flow, an individual cannotNow whether signing a business deal as a paye employee constitutes some other fraud or misrepresentation is another matter. TBH most business deals I have seen say "call for personal quote" and its the same amount, they just dont separate the net and the vat and give you a consolidated total. Perhaps teh vw ones are different, I have not looked as golf too small for my needs
TedMaul said:
If a car is £100 pcm + VAT, both business and personal customers pay £120pcm, the business can claim back, some or all of the £20 VAT against other flow, an individual cannot
Now whether signing a business deal as a paye employee constitutes some other fraud or misrepresentation is another matter. TBH most business deals I have seen say "call for personal quote" and its the same amount, they just dont separate the net and the vat and give you a consolidated total. Perhaps teh vw ones are different, I have not looked as golf too small for my needs
Gold star for that man for the simplest explaination Now whether signing a business deal as a paye employee constitutes some other fraud or misrepresentation is another matter. TBH most business deals I have seen say "call for personal quote" and its the same amount, they just dont separate the net and the vat and give you a consolidated total. Perhaps teh vw ones are different, I have not looked as golf too small for my needs
Anyway, Nissan & Renault Business Finance has now changed so no need for cash allowance, business miles paid and all that malarky. It's now a simple, can you afford it or not
The Golf R deal is back and I've just had a quote.
Business - £285pcm inc vat total cost (24 months, 8,000 miles) - £0.07 excess mileage
Personal - £409pcm inc vat total cost (24 months, 8,000 miles) - £0.19 excess mileage
A 44% premium for a personal lease on a like for like basis and a 171% premium on the excess mileage charge. I think I'll give that one a swerve.
Business - £285pcm inc vat total cost (24 months, 8,000 miles) - £0.07 excess mileage
Personal - £409pcm inc vat total cost (24 months, 8,000 miles) - £0.19 excess mileage
A 44% premium for a personal lease on a like for like basis and a 171% premium on the excess mileage charge. I think I'll give that one a swerve.
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