Tesla and Uber Unlikely to Survive...

[anonymous-user]

Burwood said:

what’s the 8k tax saving? As an accountant showing a credit is flawed. Just compare costs including the residual or as close to it as possible. That’s the only credit. If it’s a saving I assume it’s over and above an ICE car cost do just show that on the ice car schedule.

The 8k is a mix of capital allowance on purchase price, and tax saved on expenses.

Not sure I follow re credit being flawed. The saving takes a a different route and ultimately ends up in my pocket. (I'm ignoring tax on disposal of the asset with reasonable excuse)

I could do the focus via the ltd, but it would end up more expensive than buying personally, so i'm using the better figures for the focus. So no tax figure needed.

[jamoor]

Sambucket said:

The 8k is a mix of capital allowance on purchase price, and tax saved on expenses.

Not sure I follow re credit being flawed. The saving takes a a different route and ultimately ends up in my pocket. (I'm ignoring tax on disposal of the asset with reasonable excuse)

I could do the focus via the ltd, but it would end up more expensive than buying personally, so i'm using the better figures for the focus. So no tax figure needed.

You could lease the car with an option to purchase at the end, you can reclaim 1/2 the VAT.

[gangzoom]

jamoor said:

£65 in petrol vs £14 electricity (thats worst case its probbably more like £10 if he charged at home).
I'm willing to stop for 40 mins if it means I save £50 but each to their own.

Our car has 'free' for life supercharging so using Tesla chargers costs us £0!!

We could have skipped charging all together for the first stop if I had charged the car to 100% night before, but I knew our toddler would need a stop anyways, so why not charge. I tired to work out how much to charge the car the night before but clearly got it wrong as we arrived at the services with about 20% more charge than ideal.

[Burwood]

Sambucket said:

Burwood said:

what’s the 8k tax saving? As an accountant showing a credit is flawed. Just compare costs including the residual or as close to it as possible. That’s the only credit. If it’s a saving I assume it’s over and above an ICE car cost do just show that on the ice car schedule.

The 8k is a mix of capital allowance on purchase price, and tax saved on expenses.

Not sure I follow re credit being flawed. The saving takes a a different route and ultimately ends up in my pocket. (I'm ignoring tax on disposal of the asset with reasonable excuse)

I could do the focus via the ltd, but it would end up more expensive than buying personally, so i'm using the better figures for the focus. So no tax figure needed.

I’m guessing it’s a tax deduction. I can see absolutely they’re cheap to run. I never thought about running a company car. Too punitive . I’m not that kind of accountant so will ask the question. So you get 50% vat back and how much capital allowance? About 30% year 1 as a one off?

[jamoor]

Burwood said:

I’m guessing it’s a tax deduction. I can see absolutely they’re cheap to run. I never thought about running a company car. Too punitive . I’m not that kind of accountant so will ask the question. So you get 50% vat back and how much capital allowance? About 30% year 1 as a one off?

Come april, one would be foolish not to run one as a company car if the option is available.

[Burwood]

jamoor said:

Burwood said:

I’m guessing it’s a tax deduction. I can see absolutely they’re cheap to run. I never thought about running a company car. Too punitive . I’m not that kind of accountant so will ask the question. So you get 50% vat back and how much capital allowance? About 30% year 1 as a one off?

Come april, one would be foolish not to run one as a company car if the option is available.

I can see the capital allowance is 100%. So the 8k saving must be 40% tax rate in the net of vat price. Sweet.

[jamoor]

Burwood said:

I can see the capital allowance is 100%. So the 8k saving must be 40% tax rate in the net of vat price. Sweet.

I think the 0% BIK is a bit more relevant.

Even employees will trip over themselves to go for that one.

Once you tell them that this car will save you over £1,000 in tax and if you fuel it you only have to pay 3p per mile compared to 15ppm...

[hyphen]

jamoor said:

Come april, one would be foolish not to run one as a company car if the option is available.

Foolish? Don't you mean the sensible and logical choice.

Saving the money may not matter to some.

[anonymous-user]

hyphen said:

jamoor said:

Come april, one would be foolish not to run one as a company car if the option is available.

Foolish? Don't you mean the sensible and logical choice.

Saving the money may not matter to some.

The vast majority of us don’t run company cars, the few who do and who are mainly concerned about the running costs should strongly consider one.

Edited by anonymous-user on Sunday 25th August 08:20

[Burwood]

REALIST123 said:

hyphen said:

jamoor said:

Come april, one would be foolish not to run one as a company car if the option is available.

Foolish? Don't you mean the sensible and logical choice.

Saving the money may not matter to some.

The vast majority of us don’t run company cars, the few who do and who are mainly concerned about the running costs should strongly consider one.

Edited by REALIST123 on Sunday 25th August 08:20

So post April we should see EV sales grow strongly

[Burwood]

gangzoom said:

Burwood said:

But you stopped for 40 mins the first time? I can’t abide it and I am sure a 750i us a nicer place to be. I want to get to where I’m going not stop for an hour charging. That’s my issue.

You haven't travelled with a toddler recently have you .

We could have left after 10-15 minutes, charging is most efficient when going from 15-60% on a Tesla. Anything over 60% and your better off just driving, but our stop times are dictated by the threeanger!

In a LR Model 3 the whole trip could have been covered in one 5 minute stop.

Even our X had gone from 36% to 50% in 7 minutes, in a LR Model 3 charging at 250KW its going to be charging too quickly for even a toilet break!

[Img]https://live.staticflickr.com/65535/48613724792_90bcb5aa59_z_d.jpg[/thumb]

[Img]https://live.staticflickr.com/65535/48613573881_751bb5bf00_z_d.jpg[/thumb]

Edited by gangzoom on Saturday 24th August 23:01

Happy to be educated It would be fairer to say I’ve forgotten what it’s like travelling with a toddler. That’s why we have SUVs right.
Youngest is 5, swapped proms fir bikes

[SWoll]

Burwood said:

Happy to be educated It would be fairer to say I’ve forgotten what it’s like travelling with a toddler. That’s why we have SUVs right.
Youngest is 5, swapped proms fir bikes

And you'd still do a 250 miles 4+ hour trip without stopping at least once for a toilet, coffee, leg stretch break? You mujst really hate services.

[T-195]

jamoor said:

Come april, one would be foolish not to run one as a company car if the option is available.

Just under 1 million Company Car types in the UK.

How many do you think will be allowed to use a rather expensive Tesla over far cheaper ICE cars?

I'd have thought a good chunk of those would be Estates, which Tesla don't sell.

[Burwood]

SWoll said:

Burwood said:

Happy to be educated It would be fairer to say I’ve forgotten what it’s like travelling with a toddler. That’s why we have SUVs right.
Youngest is 5, swapped proms fir bikes

And you'd still do a 250 miles 4+ hour trip without stopping at least once for a toilet, coffee, leg stretch break? You mujst really hate services.

I would stop for the loo but for 10 minutes max. Coffee would be to go. But as pointed out if I could get a good charge in 10mins.....

[Burwood]

Did someone say a company can claim back 50% if the VAT. I don’t think you can unless 100% for company use

[SWoll]

T-195 said:

jamoor said:

Come april, one would be foolish not to run one as a company car if the option is available.

Just under 1 million Company Car types in the UK.

How many do you think will be allowed to use a rather expensive Tesla over far cheaper ICE cars?

I'd have thought a good chunk of those would be Estates, which Tesla don't sell.

Plenty of CC drivers running Audi/BMW/MB saloons with similar list prices to the Model 3.

A BMW 320D M-Sport/A4 40 S-line/C200 AMG Line without any options all list at similar prices to the M3 SR+. Based on previous CC lists I've had those are pretty standard lower end sales/management offerings that would make up a decent % of the 1,000,000 cars you quote.

[DonkeyApple]

REALIST123 said:

hyphen said:

jamoor said:

Come april, one would be foolish not to run one as a company car if the option is available.

Foolish? Don't you mean the sensible and logical choice.

Saving the money may not matter to some.

The vast majority of us don’t run company cars, the few who do and who are mainly concerned about the running costs should strongly consider one.

Edited by REALIST123 on Sunday 25th August 08:20

Absolutely although spending £50k on a car that might not even fit your usage requirements when you are also financially constrained re running costs is the absolutely classic modern excess consumer foolishness.

The last few pages of this thread have really highlighted the core Tesla client base as not really giving a flying fk about the environment but instead being a core part of the problem as rampant over consumers desperate for the next gadget whatever the cost to themselves or society.

There is absolutely nothing wrong in that and in reality it shows the massive value the brand has over the incumbents and what it is that might save Tesla as demand alone for EVs simply is not enough.

[gangzoom]

Burwood said:

I would stop for the loo but for 10 minutes max. Coffee would be to go. But as pointed out if I could get a good charge in 10mins.....

10 minutes charging is pretty much nearly here. The key is most EVs (eTron aside) charge quickest when your charge level is low, so spending 10 minutes charging when your at 20% battery gets you alot more range than 10 minutes charging at 80%.

I've actually found we tend to come/plugin and go before most combustion cars parked nearby. Oxford services really was mental yesterday lunch time, I cannot see many people spending only 10 minutes at the services when it took a good 5 minutes to just get in/park due to all the congestion.

The petrol pumps were mainly deserted though, and at £1.49/L I can see why, you have to be desperate to fill up there. Most people were clearly there for a break rather than a stop and splash.

[jamoor]

Burwood said:

So post April we should see EV sales grow strongly

Yes post April we will see EV sales, become very popular among company cars.

[DonkeyApple]

gangzoom said:

The petrol pumps were mainly deserted though, and at £1.49/L I can see why, you have to be desperate to fill up there. Most people were clearly there for a break rather than a stop and splash.

This is why I favour the petrol pumps at Oxford Services, you’ll never queue and they always have the type of fuel you need for the particular car and it’s directly on the M40.