Company car choice - PH help!!
Discussion
RicksAlfas said:
It's still worth playing around on here, as a whopping tax bill soon takes the shine off a "virtually free car"!
http://comcar.co.uk/newcar/companycar/taxcalc/g1se...
He's a powerfully built, goatee sporting big City lawyer. He can afford the CC tax. http://comcar.co.uk/newcar/companycar/taxcalc/g1se...
I'm in a very similar position. Could almost be working for the same company, except our plan has a ban on Jap and Korean cars.
I'm restricted to a monthly lease rate, which for something nice an germanic with high RVs gives a list of a little over £40k. But if you go for something different (VXR for example) I may only get £35k.
I want a large workhorse that's not too stupid on tax (fuel card is included so mpg not an issue, petrol or diesel). I tow so a 'bar and satnav needs to be included. Comfortable and 'enough' poke. Rear wheel drive is sort of a pre-requisit.
Currently driving a Merc E class CDI250 Est, which suits fine but would seem boring if I replace like-with-like.
Considering a BMW525d Est - dunno if in budget, or a Jag XF Est.
Nice problem...
I'm restricted to a monthly lease rate, which for something nice an germanic with high RVs gives a list of a little over £40k. But if you go for something different (VXR for example) I may only get £35k.
I want a large workhorse that's not too stupid on tax (fuel card is included so mpg not an issue, petrol or diesel). I tow so a 'bar and satnav needs to be included. Comfortable and 'enough' poke. Rear wheel drive is sort of a pre-requisit.
Currently driving a Merc E class CDI250 Est, which suits fine but would seem boring if I replace like-with-like.
Considering a BMW525d Est - dunno if in budget, or a Jag XF Est.
Nice problem...
RicksAlfas said:
eltax91 said:
He's a powerfully built, goatee sporting big City lawyer. He can afford the CC tax.
You'd think they'd give him more than £40,000 to play with in that case.My choice would be a 428i Gran Coupe sport auto which would leave £1,500'ish for some options.
Jarcy said:
Considering a BMW525d Est - dunno if in budget, or a Jag XF Est.
Nice problem...
It's an irritating level for mid-range "prestige" cars as he's going to get stuffed by list prices being unrealistic. One of my colleagues got a nicely equipped 520d Touring a year ago and the list OTR price was £44K. His PCP is based on the discounted price of £36K.Nice problem...
Sheepshanks said:
Jarcy said:
Considering a BMW525d Est - dunno if in budget, or a Jag XF Est.
Nice problem...
It's an irritating level for mid-range "prestige" cars as he's going to get stuffed by list prices being unrealistic. One of my colleagues got a nicely equipped 520d Touring a year ago and the list OTR price was £44K. His PCP is based on the discounted price of £36K.Nice problem...
List was £54k. Got £12k off.
Soov535 said:
Not too fussed about the CC tax or the fuel card tax. I know that already. This will still be a virtually free car and the difference in tax between the BIK is not worth worrying about.
I presume you have looked into BIK on company cars nowadays. It's not the free perk it once was.Edited by Soov535 on Thursday 5th March 11:00
I reckon a 335i with private fuel will set you back well over £500 a month in tax. Good value, perhaps, but it isn't even close to free.
Limpet said:
Soov535 said:
Not too fussed about the CC tax or the fuel card tax. I know that already. This will still be a virtually free car and the difference in tax between the BIK is not worth worrying about.
I presume you have looked into BIK on company cars nowadays. It's not the free perk it once was.Edited by Soov535 on Thursday 5th March 11:00
I reckon a 335i with private fuel will set you back well over £500 a month in tax. Good value, perhaps, but it isn't even close to free.
Plus I lose my cash allowance on top.
Comes out to about £1100 a month all in.
I might just lease a Panamera Diesel!
Edited by Soov535 on Thursday 5th March 14:21
Limpet said:
I presume you have looked into BIK on company cars nowadays. It's not the free perk it once was.
I reckon a 335i with private fuel will set you back well over £500 a month in tax. Good value, perhaps, but it isn't even close to free.
"Free" is perhaps the wrong term but show me another avenue where you can get a brand new BMW 335i, with unlimited mileage, free fuel, maintenance and all other costs for £500 a month.I reckon a 335i with private fuel will set you back well over £500 a month in tax. Good value, perhaps, but it isn't even close to free.
"But you won't own the car" I hear people cry
Fine - show me a lease deal where you can get a brand new BMW 335i, with unlimited mileage, free fuel, maintenance and all other costs for £500 a month.
For hassle-free motoring when you're doing high miles, it's a good deal.
Muzzer79 said:
Limpet said:
I presume you have looked into BIK on company cars nowadays. It's not the free perk it once was.
I reckon a 335i with private fuel will set you back well over £500 a month in tax. Good value, perhaps, but it isn't even close to free.
"Free" is perhaps the wrong term but show me another avenue where you can get a brand new BMW 335i, with unlimited mileage, free fuel, maintenance and all other costs for £500 a month.I reckon a 335i with private fuel will set you back well over £500 a month in tax. Good value, perhaps, but it isn't even close to free.
"But you won't own the car" I hear people cry
Fine - show me a lease deal where you can get a brand new BMW 335i, with unlimited mileage, free fuel, maintenance and all other costs for £500 a month.
For hassle-free motoring when you're doing high miles, it's a good deal.
Soov535 said:
That's the point. £260 a week for a fully expensed car for business and private use including fuel, tyres, tax, servicing and being given a brand new one when I get to 60k sounds cheap to me. I know a lot of people spending close to that on train tickets and parking!!
Agree it's good value. I just questioned the "free" part. Also you need to do quite a lot of private mileage to make fuel cards pay nowadays.For me a company car is a no-brainer.
Soov535 said:
Plus I lose my cash allowance on top.
Comes out to about £1100 a month all in.
It's not valid to add up BIK + allowance like that as it takes you to a position where you have no car, which isn't plausible.Comes out to about £1100 a month all in.
Pitch them a salary sacrifice car scheme - that should save you a couple of hundred a month.
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