RE: All-new Range Rover Sport revealed
Discussion
FtypeRmeister said:
Looks good to me. Never cease to be disappointed by comments that highlight Land Rover reliability having run Range Rovers since 1987 without any significant issues. Unlike 6 Porsches and 4 Mercedes. The British people building these cars generally do a good job and we could give them and the designers our support. I find our current FFRR a bit big, so hopefully this Sport will fit in the UK a bit more easily!
Exactly. I’ve had a Range Rover TDV8 2010 for a few years now and have done over 90k in it with no issues apart from a replacement alternator. Now done 200,000kms without any dramas. Same with my Defender. Have had a Disco 3 which was a lemon, but that applies to most brands (look at Toyota Land Cruiser drive train issues!) but the build quality, technology, cabin comfort, design and creativity that comes out of Land Rover continues to see them as class leaders. Looks great this new model and will look good in whatever colour scheme works for you.rbozza said:
I’ve always shared the ‘new money’ sentiment of a new rrs on finance and never been interested in them.
But i might actually get one if these! The tax breaks of buying the PHEV through a business mean you’re getting it for half price. Especially when corp tax goes up to 25% next April.
Regardless of the image it looks lovely to my eyes. 70 miles on a charge will cover 90% of its driving. Perfect for the school run- gosh I’m falling in to every cliche going and it goes against all my morals!!
Could you give some workings of the half price RRS?But i might actually get one if these! The tax breaks of buying the PHEV through a business mean you’re getting it for half price. Especially when corp tax goes up to 25% next April.
Regardless of the image it looks lovely to my eyes. 70 miles on a charge will cover 90% of its driving. Perfect for the school run- gosh I’m falling in to every cliche going and it goes against all my morals!!
I really like it. Over the last 15 years I have had a Freelander 2, L320 Range Rover Sport, L322 Range Rover, L405 Range Rover and a Velar. Lots of miles, hard use and off road. One compressor and one steering rack replaced from that lot on top of regular servicing. You can argue I've been lucky but you can say that of any brand. Plenty of cars out there which haven't been looked after properly and owners who can't afford to fix it when something significant goes wrong. D350 vs P400 would be my primary choice to make. Either would be lovely.
FtypeRmeister said:
Looks good to me. Never cease to be disappointed by comments that highlight Land Rover reliability having run Range Rovers since 1987 without any significant issues. Unlike 6 Porsches and 4 Mercedes. The British people building these cars generally do a good job and we could give them and the designers our support. I find our current FFRR a bit big, so hopefully this Sport will fit in the UK a bit more easily!
Congratulations on your success. I've run Defenders, Disco's and Range Rovers until 2011 when I looked myself in the mirror and asked myself why I put up with them. I've never had to replace an engine or a gearbox in any vehicle that didn't have "Rover" somewhere in it's name. I have had to replace one or the other and sometimes more than once in every "Rover" I have owned, no exceptions.In place of a Disco for towing I now use a 20 yr old Transit van which has been all over Europe loaded and with a box trailer. 200k on the clock, it's less pampered than its predecessors and keeps coming back for more. Owes me nothing
Vinnievx7 said:
FtypeRmeister said:
Looks good to me. Never cease to be disappointed by comments that highlight Land Rover reliability having run Range Rovers since 1987 without any significant issues. Unlike 6 Porsches and 4 Mercedes. The British people building these cars generally do a good job and we could give them and the designers our support. I find our current FFRR a bit big, so hopefully this Sport will fit in the UK a bit more easily!
Congratulations on your success. I've run Defenders, Disco's and Range Rovers until 2011 when I looked myself in the mirror and asked myself why I put up with them. I've never had to replace an engine or a gearbox in any vehicle that didn't have "Rover" somewhere in it's name. I have had to replace one or the other and sometimes more than once in every "Rover" I have owned, no exceptions.In place of a Disco for towing I now use a 20 yr old Transit van which has been all over Europe loaded and with a box trailer. 200k on the clock, it's less pampered than its predecessors and keeps coming back for more. Owes me nothing
Vinnievx7 said:
I now use a 20 yr old Transit van which has been all over Europe loaded and with a box trailer. 200k on the clock, it's less pampered than its predecessors and keeps coming back for more. Owes me nothing
And this is your proposed alternative to a new Range Rover Sport? A 20 yr old Transit van and a box trailer? Tempting... Tell me, does it still work if you have a penchant for white socks and crane kicks?
Tomanybikes said:
rbozza said:
I’ve always shared the ‘new money’ sentiment of a new rrs on finance and never been interested in them.
But i might actually get one if these! The tax breaks of buying the PHEV through a business mean you’re getting it for half price. Especially when corp tax goes up to 25% next April.
Regardless of the image it looks lovely to my eyes. 70 miles on a charge will cover 90% of its driving. Perfect for the school run- gosh I’m falling in to every cliche going and it goes against all my morals!!
Could you give some workings of the half price RRS?But i might actually get one if these! The tax breaks of buying the PHEV through a business mean you’re getting it for half price. Especially when corp tax goes up to 25% next April.
Regardless of the image it looks lovely to my eyes. 70 miles on a charge will cover 90% of its driving. Perfect for the school run- gosh I’m falling in to every cliche going and it goes against all my morals!!
But in essence get full offset against corporation tax for all depreciation and running costs. Assuming total taxable income is within the £50k-£100k band then dividend tax is payable at 33.75% on dividends. Before you get there the corp tax (assuming profits over £50k) rate from next April is 25% (profit over £250k) or 26.5% (profit 50-250)
So assume list is £100k, car is bought with support of a loan, not contract hire, and it costs £30k in depreciation and repairs and tyres and borrowing costs. The dividends foregone are £30k x 75% for corp tax (or 73.5%) then x 64.25% for div tax. That reduces the £30k down to just under £15k. Hence the claimed halving. But you have income tax at 40% on £100k list x 5% (if manages 70 miles EV range) for 3 years so that is £6k tax to add.
Plus employer’s nic 15.05% on £100k x 5% x 3 years less corp tax relief less div tax avoided (am losing the Will to live at this point) at a guess around another £1k or so total to add is £7k for tax.
So £30k down to £15k plus £7k giving £22k cost through company so a saving of around £8k overall. Hope I got the maths right…
Anyway it’s a useful saving. The higher the depreciation etc costs then the more the saving - £30k may well be too low. So an additional £10k cost, say, (total £40k) would add post tax cost of roughly £5k or a bit less and cost you a net £5k with no additional bik or nic liability. None of that allows for vat reclaim on tyres, repairs and maintenance - full vat is recoverable on those
Should add if bik percentage rate rises above 5% then the benefit is reduced…
Bobajobbob said:
ecs0set said:
And this is your proposed alternative to a new Range Rover Sport? A 20 yr old Transit van and a box trailer? Tempting...
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