Salary sacrifice leasing

[SWoll]

Cascade360 said:

Heres Johnny said:

Anyone saying it’s not a company car and therefore the 4p rate doesn’t apply would do well to check with their company before they get a nasty surprise

For me, I dont do any business miles, so irrelevant.

I know of a few people under similar illusions to earlier posters who've had a nasty surprise, especially now with rising electricity prices.

[SDK]

BMR said:

My employer is launching their SS this week through Leaseplan and they’ve given some examples, the costs don’t seem that cheap. I think a Seat Mii was close to £300 after savings!

Tesla also isn’t included as they’re after sales are too poor apparently.

A Seat Mii on our Tusker scheme is £238 after tax savings, for 10k miles pa over 36 months.

[Cascade360]

For some reason I can't get a Seat Mii / Skoda Citigo on my scheme. Or a Porsche Taycan for that matter. But can get an eTron...

[Cascade360]

SWoll said:

matrignano said:

I’m also getting some chunky gross monthlies through my company scheme (Leaseplan), almost £1900 for an Audi Etron GT with C&S Plus pack over 3 years and 6k miles.

Has anyway successfully negotiated the gross monthlies down?

So £650 more than the same car on 8k miles per year personal lease.



That's nearly £70k over 3 years for a car listing at £90k and you'll be paying extra for paint/wheels etc?

£4 per mile..

NSS89 said:

So has everyone’s pricing gone up? Like I mentioned earlier when I first had a look a few weeks ago a Model 3 SR+ was coming out at £420 vs £595 now.

100% yes. Lease prices have jumped considerably in the past few months which has driven up SS cost even further. Lots of cars now sitting at 60% over 3 years which is dreadful.

Edited by SWoll on Monday 18th October 19:34

For what it's worth, my salary sacrifice scheme seems quite competitive for E-Tron. This is for a Audi E-Tron Saloon 93kWh GT Quattro 530 Cm/Sd Plus Auto in free white, 36 months and 5000 miles.



Yes the net is a bit higher than non SS but post tax benefits its massively cheaper.

[SWoll]

Cascade360 said:

SWoll said:

Again, really?

What's the justification for charging £650 a month more than a personal lease with better mileage limit other than 'they can'?

As with any business, they price to win business i.e. being cheaper for the customer than rival options.

I understand why, my question is how is it justified? The lease company charging £650 less is obviously making a decent profit.

[Cascade360]

SWoll said:

I understand why, my question is how is it justified? The lease company charging £650 less is obviously making a decent profit.

One does wonder why there isn't stronger competition between SS firms to get the company contracts.

[SWoll]

Cascade360 said:

For what it's worth, my salary sacrifice scheme seems quite competitive for E-Tron. This is for a Audi E-Tron Saloon 93kWh GT Quattro 530 Cm/Sd Plus Auto in free white, 36 months and 5000 miles.



Yes the net is a bit higher than non SS but post tax benefits its massively cheaper.

That's very good. You'd struggle to organise a personal lease with maint/insurance for much less than the pre tax cost there. Just shows the variation with the earlier poster being quoted £1900 for the same car.

[Basil Brush]

I can't remember now who does our scheme but one of our guys got a Model 3 SR about a month ago and is paying less than 400 quid net incl insurance as a 40% tax payer. There should also be a vat saving between SS and personal rates so the profiteering is even worse.

[anonymous-user]

I’ve never seen a good deal on these even after the tax savings have been taken into account.

[SWoll]

Basil Brush said:

I can't remember now who does our scheme but one of our guys got a Model 3 SR about a month ago and is paying less than 400 quid net incl insurance as a 40% tax payer. There should also be a vat saving between SS and personal rates so the profiteering is even worse.

Sounds about right, £650 or so before the tax saving. The quote above for £900+ is a piss take.

[matrignano]

Cascade360 said:

For what it's worth, my salary sacrifice scheme seems quite competitive for E-Tron. This is for a Audi E-Tron Saloon 93kWh GT Quattro 530 Cm/Sd Plus Auto in free white, 36 months and 5000 miles.



Yes the net is a bit higher than non SS but post tax benefits its massively cheaper.

Who’s the lease company for your scheme, please?

[NSS89]

Found the Zenith quote I ran 16th September. Again no idea why it’s jumped up so much in the space of a month.

36 months
10k pa

[SWoll]

NSS89 said:

Found the Zenith quote I ran 16th September. Again no idea why it’s jumped up so much in the space of a month.

36 months
10k pa

That's crazy isn't it? 60% increase, £40 cheaper gross cost there than they are currently quoting NET.

Similar thing with my supplier, those with an SR+ paying £599 are being asked to pay £1099 if they want to replace like for like, yet lease costs haven't jumped anywhere near that much.

[pghstochaj]

SWoll said:

Basil Brush said:

I can't remember now who does our scheme but one of our guys got a Model 3 SR about a month ago and is paying less than 400 quid net incl insurance as a 40% tax payer. There should also be a vat saving between SS and personal rates so the profiteering is even worse.

Sounds about right, £650 or so before the tax saving. The quote above for £900+ is a piss take.

How is that about right? Our scheme:

4 years
12k
Tesla long range
£490 gross

3 years
12k
Tesla long range
£547 gross

I can’t believe some of the numbers being discussed in here.

[Cascade360]

matrignano said:

Who’s the lease company for your scheme, please?

Zenith.

[SWoll]

pghstochaj said:

SWoll said:

Basil Brush said:

I can't remember now who does our scheme but one of our guys got a Model 3 SR about a month ago and is paying less than 400 quid net incl insurance as a 40% tax payer. There should also be a vat saving between SS and personal rates so the profiteering is even worse.

Sounds about right, £650 or so before the tax saving. The quote above for £900+ is a piss take.

How is that about right? Our scheme:

4 years
12k
Tesla long range
£490 gross

3 years
12k
Tesla long range
£547 gross

I can’t believe some of the numbers being discussed in here.

I'd bite their hand of it those are gross numbers as they'd be very impressive if they were the NET calculation.



£80 a month cheaper than the cheapest lease deal available and includes maintenance, insurance and early termination? Can only assume your employer is subsidising that rate quite heavily?

Edited by SWoll on Tuesday 19th October 09:21

[pghstochaj]

SWoll said:

pghstochaj said:

SWoll said:

Basil Brush said:

I can't remember now who does our scheme but one of our guys got a Model 3 SR about a month ago and is paying less than 400 quid net incl insurance as a 40% tax payer. There should also be a vat saving between SS and personal rates so the profiteering is even worse.

Sounds about right, £650 or so before the tax saving. The quote above for £900+ is a piss take.

How is that about right? Our scheme:

4 years
12k
Tesla long range
£490 gross

3 years
12k
Tesla long range
£547 gross

I can’t believe some of the numbers being discussed in here.

I'd bite their hand of it those are gross numbers as they'd be very impressive if they were the NET calculation.



£80 a month cheaper than the cheapest lease deal available and includes maintenance, insurance and early termination? Can only assume your employer is subsidising that rate quite heavily?

Edited by SWoll on Tuesday 19th October 09:21

Maintenance is £48 (gross)/month more, insurance is not included.Not at all being subsidised, that's the market rate. We use Leasing Options (you can find the prices on their website too, you don't need a special account). It's not a particularly great price, check out lease loco for a comparison, your organisation should be pushing for prices close to the lower level on Lease Loco not allowing things like £650/month (gross) for an SR to be normal, I pay less than that for a Model 3 Performance with 15k! If we were being offered £650 for an SR we would just move.

We are slowly getting a car park of white Teslas.

[Basil Brush]

pghstochaj said:

SWoll said:

pghstochaj said:

SWoll said:

Basil Brush said:

I can't remember now who does our scheme but one of our guys got a Model 3 SR about a month ago and is paying less than 400 quid net incl insurance as a 40% tax payer. There should also be a vat saving between SS and personal rates so the profiteering is even worse.

Sounds about right, £650 or so before the tax saving. The quote above for £900+ is a piss take.

How is that about right? Our scheme:

4 years
12k
Tesla long range
£490 gross

3 years
12k
Tesla long range
£547 gross

I can’t believe some of the numbers being discussed in here.

I'd bite their hand of it those are gross numbers as they'd be very impressive if they were the NET calculation.



£80 a month cheaper than the cheapest lease deal available and includes maintenance, insurance and early termination? Can only assume your employer is subsidising that rate quite heavily?

Edited by SWoll on Tuesday 19th October 09:21

Maintenance is £48 (gross)/month more, insurance is not included.Not at all being subsidised, that's the market rate. We use Leasing Options (you can find the prices on their website too, you don't need a special account). It's not a particularly great price, check out lease loco for a comparison, your organisation should be pushing for prices close to the lower level on Lease Loco not allowing things like £650/month (gross) for an SR to be normal, I pay less than that for a Model 3 Performance with 15k! If we were being offered £650 for an SR we would just move.

We are slowly getting a car park of white Teslas.

Like for like on that website (36 months, 10k miles) a SR comes out at 600 a month gross, so more than ours when you add in maintenance and insurance. Ours also includes home charger installation.

[pghstochaj]

Basil Brush said:

pghstochaj said:

SWoll said:

pghstochaj said:

SWoll said:

Basil Brush said:

I can't remember now who does our scheme but one of our guys got a Model 3 SR about a month ago and is paying less than 400 quid net incl insurance as a 40% tax payer. There should also be a vat saving between SS and personal rates so the profiteering is even worse.

Sounds about right, £650 or so before the tax saving. The quote above for £900+ is a piss take.

How is that about right? Our scheme:

4 years
12k
Tesla long range
£490 gross

3 years
12k
Tesla long range
£547 gross

I can’t believe some of the numbers being discussed in here.

I'd bite their hand of it those are gross numbers as they'd be very impressive if they were the NET calculation.



£80 a month cheaper than the cheapest lease deal available and includes maintenance, insurance and early termination? Can only assume your employer is subsidising that rate quite heavily?

Edited by SWoll on Tuesday 19th October 09:21

Maintenance is £48 (gross)/month more, insurance is not included.Not at all being subsidised, that's the market rate. We use Leasing Options (you can find the prices on their website too, you don't need a special account). It's not a particularly great price, check out lease loco for a comparison, your organisation should be pushing for prices close to the lower level on Lease Loco not allowing things like £650/month (gross) for an SR to be normal, I pay less than that for a Model 3 Performance with 15k! If we were being offered £650 for an SR we would just move.

We are slowly getting a car park of white Teslas.

Like for like on that website (36 months, 10k miles) a SR comes out at 600 a month gross, so more than ours when you add in maintenance and insurance. Ours also includes home charger installation.

I don't think it does, 36 months, 10k miles, the SR is £496. Are you doing a search for "personal" as it is £600 for personal. Best price on Leaseloco is £469. All exc. maintenance (£49) and insurance (depends on your circumstances). Anyway, when a LR is £524 (36 months, 10k), you would have to be quite strange to go for the SR at £496.

[SWoll]

pghstochaj said:

Maintenance is £48 (gross)/month more, insurance is not included.Not at all being subsidised, that's the market rate. We use Leasing Options (you can find the prices on their website too, you don't need a special account). It's not a particularly great price, check out lease loco for a comparison, your organisation should be pushing for prices close to the lower level on Lease Loco not allowing things like £650/month (gross) for an SR to be normal, I pay less than that for a Model 3 Performance with 15k! If we were being offered £650 for an SR we would just move.

We are slowly getting a car park of white Teslas.

Not sure what you are talking about TBH. Cheapest 3 year/30k mile deal for an SR+ on leaseloco is £565 without maint, insurance or any of the other benefits mentioned above. Leasingoptions quote £595 on the same terms.




The Model 3 Performance is £1000 a month.

Even at business rates you're only going to drop 20% for the VAT so still £500 a month for an SR+ and £800 for the Performance without maint, insurance, early termination cover or any other benefits.

Nothing special a far as i can tell?

Edited by SWoll on Tuesday 19th October 11:10