(Electric) Company Car 'v' (Non Electric) Personal Car

[jamoor]

Heres Johnny said:

I've debated the same but don't quite see the benefit for the amount of hassle. It has to go in to the company at a fair price and come out at a fair price (and you'd need to be able to prove that if the tax man came knocking) so while I can offset tyres etc, I'm not sure what the depreciation will really be, whereas I can claim about £4k in mileage as a private car. My maths say the car would need to cost over £8k in the year to offset the mileage and with Tesla already listing P90DL facelifts for 55k at the moment, if the depreciation was say 8k in the year they'd be virtually giving them away in 2 years..

The depreciation on these is too uncertain hence why I decided to go with a lease.
I think you can PCP used ones.

[oop north]

Heres Johnny said:

I've debated the same but don't quite see the benefit for the amount of hassle. It has to go in to the company at a fair price and come out at a fair price (and you'd need to be able to prove that if the tax man came knocking) so while I can offset tyres etc, I'm not sure what the depreciation will really be, whereas I can claim about £4k in mileage as a private car. My maths say the car would need to cost over £8k in the year to offset the mileage and with Tesla already listing P90DL facelifts for 55k at the moment, if the depreciation was say 8k in the year they'd be virtually giving them away in 2 years..

Quite agree that if you do a lot of business miles and the total of all your costs is less than 45p per business mile (including private use) then no point. I don’t do huge numbers of business miles and the lease cost on a newish EV is way more than I could get out that way

[ODRALLAG]

Phleaser said:

This ad was showing up on my Linkedin feed.
Seems interesting for LTD companies...
Not available for personal contracts

https://www2.vwfsfleet.co.uk/audi_e-tron_August_20...

Does anyone recall was the price always £469? Don’t know why but I thought it was around £450?

[ODRALLAG]

Hobo said:

Firstly, with regards to the car. Like most purchases, it is not simply picking the cheapest, it involves picking the one which is best suited to the person. On that basis, for myself, the E-Tron is the one I prefer. If I wanted something cheaper there are other (non suitable) cars I could consider.

In relation to the flat rate VAT scheme, I understand the basis of this, ie that I would not be able to reclaim VAT on purchases. At this point I am on the flat rate scheme, at 13%. I'm invoicing out circa 15k per month, and the amount of VAT I would be able to recover (excluding the potential car) is negligible. As such on the 15k I invoice, this equates to 18k including VAT (or 3k in vat), but at 13% I pay back VAT totaling 2.3k, so in essence make £640.00 per month for nothing (less the bits of VAT I cannot claim back).

The E-Tron (which I have just ordered - for the sake of thread updates) is going to be £497.00 per month (including a few options), so in essence being on the flat rate scheme pays for this.

Hi Hobo, are you able to share the details of the dealership you dealt with? Thanks