Biz Contract Hire on P460e & P550e

[DeejRC]

What ho chaps. Now that lovely lady in No 11 is killing our Hilux, I have to look at another option and all things considered the Rangie is the best contender going. Well the Sport, no real upside to the FFRR for us. And before any snidely types pipe up, yes she is going to have perform farm work duties aswell, I can get 3-4 bales of straw and hay in the back with the rears down.
Anyway, that’s not the point of the thread/post.
I am presuming some of you run these through your own company books? No, not the salary sacrifice employees, but biz owners. Do you use specialist business vehicle insurance providers like Keith Michaels etc, or do you insure them as per your normal manner?

Oh and I’ve got a P460e at around £1200/mn inc maintenance v P550e at just under £1300/mn inc maintenance over 48months, both with JLR. Decent figures given what you have found?

My first foray into JLR world, I’m going to hate the experience v the perfect world of Toyota aren’t I?

[Sixpackpert]

I tried numerous insurance companies in 2024 when I was looking at a RRS and they wouldn’t insure them as a company car. As a private car yes, but as a company car no!

It may have changed now of course.

Happy with my similarly priced X5 that they would insure on!

[ettore]

2024 was peak RR theft stshow though - all very different now.

[Sixpackpert]

ettore said:

2024 was peak RR theft stshow though - all very different now.

Very true, will see what happens when I come to change…

[Regbuser]

I appreciate all businesses, and their accountants are different, but there's no way an RRS would fly as solely for business use in our sector.
Therefore, have previously looked at Discovery commercials, with deals like this:

Insurance straightforward with Admiral, etc.

[DeejRC]

See Reg, I don’t see how that simply wouldn’t be mullared under BIK with the CO2, etc.
I absolutely don’t want to have to go the Rangie route, I loathe these motors and having to spend money on stuff I personally value as beneath Dacia Dusters drives me insane. Alas, C’est la vie

[Regbuser]

If wholly for business use, then BIK not an issue, and tax and running costs all absorbed as expenses.
If however, as it seems for you, you're wanting private use as well, then yes BIK and RFL are pertinent.
That's why in our co. we keep business and personal use distinct by keeping cars and commercials separately.

[DeejRC]

Has to dbl up unfortunately. Sheep, goats, dogs, hay, straw and passengers - cant be just a 2 seat commercial. The Hilux was almost perfect - hence why so many farmy types run them down here - but the new rules kill the option. Nobody believes the 2029 date won’t be brought forward, so I’m not risking another Hilux deal now and Toyota have absolutely demanded it back, they already extended the deal for a yr for us, but won’t again.
We looked at the Defender commercial option with the jump seat, but the boss has told me that won’t pass muster. Personally I think a commercial Octa with just a jump seat would be perfect…

[Regbuser]

Heh, I feel your pain.. ask the boss to sort out the BIK, etc.

[DeejRC]

Have gone with JLR insurance and can’t complain with the quote.

[Sixpackpert]

DeejRC said:

Have gone with JLR insurance and can t complain with the quote.

Are they doing company car insurance now? They weren t when I tried a few years ago, private insurance but not if it was a company car. Maybe they can now the stealing has calmed down?

ETA seemingly not then, taken from Land Rover website. https://app.insurance.landrover.co.uk/subscription...

Edited by Sixpackpert on Thursday 5th February 20:05

[DeejRC]

Nope, it gives you explicit options of via company or personal when I did the quote a cpl of days ago.

[flight147z]

DeejRC said:

Oh and I ve got a P460e at around £1200/mn inc maintenance v P550e at just under £1300/mn inc maintenance over 48months, both with JLR. Decent figures given what you have found?

Worth noting that the P460e starts at "Dynamic SE" trim and the P550e is Autobiography - a difference of more than £20k on the list price, so if your price above for the P460e is for a Dynamic SE then the P550e price you have is far more attractive

[Sixpackpert]

DeejRC said:

Nope, it gives you explicit options of via company or personal when I did the quote a cpl of days ago.

They've not updated the site then. And they have obviously sorted it from when I tried 18 months ago as it explicitly stated no commercial insurance was on offer, only personal.

Good to know...

Edited by Sixpackpert on Friday 6th February 12:20

[DeejRC]

Ok, for info…I’ve just checked with JLR explicitly. I made the dealer ring JLR insurance and check and confirm that it is correct and it is correct. My deal is BCH or whatever they call it and the options I’ve clicked on the insurance selection page are correct, the quote is valid and JLR do offer you insurance.

Oh and the 460 offers were at Autobiography level. Anyway, I’ve clicked the go ahead on the 550e option. It feels a good deal.

[Sixpackpert]

DeejRC said:

Ok, for info I ve just checked with JLR explicitly. I made the dealer ring JLR insurance and check and confirm that it is correct and it is correct. My deal is BCH or whatever they call it and the options I ve clicked on the insurance selection page are correct, the quote is valid and JLR do offer you insurance.

Oh and the 460 offers were at Autobiography level. Anyway, I ve clicked the go ahead on the 550e option. It feels a good deal.

Thanks for confirming, maybe I'll go back in 18 months when the X5 goes back...