Best lease car deals available?

[Blown2CV]

TedMaul said:

Actually Tonker nailed it

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 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

a number of people 'nailed it', because it's just fact. We go around and around the business lease issue in this thread, it literally comes up every 5 pages or so. Can we just stop bringing business lease prices deals into the thread and then going over and over how it might be possible or not possible to massage the truth in order to take a business lease as a private individual. Start a new thread on the subject if you want, but lets just concentrate on personal lease.

[Thankyou4calling]

Blown2CV said:

a number of people 'nailed it', because it's just fact. We go around and around the business lease issue in this thread, it literally comes up every 5 pages or so. Can we just stop bringing business lease prices deals into the thread and then going over and over how it might be possible or not possible to massage the truth in order to take a business lease as a private individual. Start a new thread on the subject if you want, but lets just concentrate on personal lease.

Thankyou!

[Zoon]

JQ said:

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.

I'm paying £109 less on a currently available personal deal albeit 5k miles on a 3 door DSG in Metallic Blue.

[JQ]

Zoon said:

JQ said:

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.

I'm paying £109 less on a currently available personal deal albeit 5k miles on a 3 door DSG in Metallic Blue.

Got a link?

[blindswelledrat]

You know this business deal vs personal deal stuff: If you had a company but didn't want it as a company car (for obvious tax reasons) could you just lease it through the company as a business deal but pay the company back the lease costs from your own account and not reclaim any vat?
That way I assume you get the benefit of the business lease price but without the crippling and pointless company car tax

[skahigh]

blindswelledrat said:

You know this business deal vs personal deal stuff: If you had a company but didn't want it as a company car (for obvious tax reasons) could you just lease it through the company as a business deal but pay the company back the lease costs from your own account and not reclaim any vat?
That way I assume you get the benefit of the business lease price but without the crippling and pointless company car tax

I started a separate topic on this, didn't get much attention.

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[blindswelledrat]

skahigh said:

blindswelledrat said:

You know this business deal vs personal deal stuff: If you had a company but didn't want it as a company car (for obvious tax reasons) could you just lease it through the company as a business deal but pay the company back the lease costs from your own account and not reclaim any vat?
That way I assume you get the benefit of the business lease price but without the crippling and pointless company car tax

I started a separate topic on this, didn't get much attention.

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Probably because I managed to ask the same question in one sentence as you asked in a wall of confusing text that looked like you needed 10 hours sleep to understand

[skahigh]

blindswelledrat said:

skahigh said:

blindswelledrat said:

You know this business deal vs personal deal stuff: If you had a company but didn't want it as a company car (for obvious tax reasons) could you just lease it through the company as a business deal but pay the company back the lease costs from your own account and not reclaim any vat?
That way I assume you get the benefit of the business lease price but without the crippling and pointless company car tax

I started a separate topic on this, didn't get much attention.

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Probably because I managed to ask the same question in one sentence as you asked in a wall of confusing text that looked like you needed 10 hours sleep to understand

I was giving background!

[chrispmartha]

blindswelledrat said:

You know this business deal vs personal deal stuff: If you had a company but didn't want it as a company car (for obvious tax reasons) could you just lease it through the company as a business deal but pay the company back the lease costs from your own account and not reclaim any vat?
That way I assume you get the benefit of the business lease price but without the crippling and pointless company car tax

This is exactly what I'm doing, the lease is a business lease but as Im self employed and not VAT registered the lease payment comes out of my wn erosional account and I claim 45p per mile back on my tax at the year end, being self employed just allowed me to get the better business lease rate.

[gizlaroc]

squeezebm said:

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

YOU SAW THE FACEBOOK PICS AS WELL??

[wibblebrain]

blindswelledrat said:

You know this business deal vs personal deal stuff: If you had a company but didn't want it as a company car (for obvious tax reasons) could you just lease it through the company as a business deal but pay the company back the lease costs from your own account and not reclaim any vat?
That way I assume you get the benefit of the business lease price but without the crippling and pointless company car tax

I'd be very careful with that approach. I think you could still end up being liable for BIK to some extent. Check it out with a conservative minded accountant.

[VX Foxy]

charltjr said:

"BUSINESS USERS ONLY!"

Just add vat for the personal deal
/yawn

[chrispmartha]

wibblebrain said:

I'd be very careful with that approach. I think you could still end up being liable for BIK to some extent. Check it out with a conservative minded accountant.

If your a sole trader you don't pay BIK.

[Wills2]

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).

LOL, oh Welshly I do hope the business that you're a finance director for (really?) doesn't lease cars, as a business you can claim back 1/2 the VAT on a car lease not all of it, there are only a few exceptions to this rule e.g the car is used exclusively for business purposes or used as a taxi/self drive hire car.

Where did I mention that I'd claimed to be a business in order to lease the car, just saw a good deal that was advertised as business users only and called them up and said can I have that deal on a personal basis for the same price? They said yes and I signed a proposal form for an individual.

[Wills2]

Fox- said:

Welshbeef is a Finance Director,

Yeah and I'm the Pope.

[Welshbeef]

Wills2 said:

Fox- said:

Welshbeef is a Finance Director,

Yeah and I'm the Pope.

We don't have co cars instead cash 4 cars far less hassle and generally this is and has been the way the tide is flowing.
I think Tonker responded late last night to answer my point at which point the issue was closed out.

[anonymous-user]

VX Foxy said:

charltjr said:

"BUSINESS USERS ONLY!"

Just add vat for the personal deal
/yawn

Know that for a fact? It's often not the case, especially when they actually state it in the advert.

[BE57 TOY]

charltjr said:

VX Foxy said:

charltjr said:

"BUSINESS USERS ONLY!"

Just add vat for the personal deal
/yawn

Know that for a fact? It's often not the case, especially when they actually state it in the advert.

Think he was being sarcastic

[Blown2CV]

blindswelledrat said:

You know this business deal vs personal deal stuff: If you had a company but didn't want it as a company car (for obvious tax reasons) could you just lease it through the company as a business deal but pay the company back the lease costs from your own account and not reclaim any vat?
That way I assume you get the benefit of the business lease price but without the crippling and pointless company car tax

No. Been discussed several times. Can we drop it.

[Blown2CV]

Welshbeef said:

Wills2 said:

Fox- said:

Welshbeef is a Finance Director,

Yeah and I'm the Pope.

[a hundred words that basically mean "sorry i was wrong"]

cheers