Model 3 UK orders.

[Chris-S]

Durzel said:

It kinda feels like you're really disadvantaged if you're not getting these on 0% BIK via a company.

I just want to buy the car, personally. I don't have a limited company. From what I can tell I will have a pay a stload more than any company car user.

You’re not alone in thinking the entire world but you has a company car, but the figures don’t seem to bear that out for some reason. According to official figures, around 1 million cars are subject to the schemes, which doesn’t sound that big a proportion of the market.

My feeling is that company car users are a vocal minority, because it matters a lot to them what the deals are. That’s not a criticism, just an observation.

I’ve never had a company car. Retired now, so never will. Any costs or benefits associated with the whole business are both a mystery and an irrelevance to me.

[768]

1 million was more than I was expecting. Isn't that about 1 in 20 households that have a company car then?

Presumably those cars stick around in the market at the end of the period too, it's no wonder there's so many cooking model diesels around!

[RobDickinson]

UK company cars are at a pretty historic low due to bik rates etc but still make up a huge chunk of the new car market, Evs and 0% will increase that a lot.

[jamoor]

768 said:

1 million was more than I was expecting. Isn't that about 1 in 20 households that have a company car then?

Presumably those cars stick around in the market at the end of the period too, it's no wonder there's so many cooking model diesels around!

I think a more important statistic would be how many cars began life as a company a car as they’re replaced every three years.

[caziques]

squirdan said:

thanks for replies...v useful

agree re a long journey, am sure the steady cruise would bring it down, a lot of mine have been urban

A steady cruise in an EV raises consumption as power usage is directly related to speed, ie round town consumption is always lower than open road (unless you insist on driving at 30 everywhere).

[manracer]

ZesPak said:

manracer said:

ive noticed that dropping the temp from 20 to 18 and turning AC off dramatically reduces consumption. Im not saying I regularly do this as whats the point in being cold when you dont have to be, its just a a much more noticeable drop in the usage (from say 330 down to around 230)

18 C?
Aren't you taking the refrigerator on wheels thing a bit too far?

did you read my original message?

[MaxSo]

REALIST123 said:

Well Rob, that’s a much cleaner explanation than MaxSo’s meanderings though I’m still not sure that any of it has much relevance to anything!

I will try and explain the relevance of w/mile to my wife when our EV arrives but I think some of these explanations would just see her glaze over......

Not a lot I can do if you can’t follow this:

“So every mile driven at 60 mph consumes the same energy as 2.5 x 100 W light bulbs left on for 1 hour.”

The rest of my 'meanderings' were part of a conversation where I was demonstrating that it is actually possible for an EV (albeit being driven very slowly) to consume less energy than 4 light bulbs over the course of a minute.

A fossil fuel car on the other hand cannot. This is the crux of the matter - EVs are hugely more efficient than ICE cars.

Also, it’s Wh per mile not W per mile.

Wh is a unit of energy.

W is a unit of power.

Alternatively, miles per kWh. (That’s 1,000 watt hours...)

If you try and explain the relevance of W per mile to your wife it’d be like trying to explain how an ICE car does so many bhp per mile, and she is indeed very likely to glaze over.

Edited by MaxSo on Thursday 23 January 20:21

[Fastlane]

jamoor said:

Do you have any information where it says you can reclaim the cost of the charger back and reclaim the VAT? My accountant thought otherwise

Charge point equipment (not installation) bought by companies attracts a 100% first year allowance https://www.gov.uk/government/publications/first-y... As my company is VAT exempt I can't comment on the VAT treatment.

[jamoor]

Fastlane said:

Charge point equipment (not installation) bought by companies attracts a 100% first year allowance https://www.gov.uk/government/publications/first-y... As my company is VAT exempt I can't comment on the VAT treatment.

It doesn’t really say anything about a charge point installed in an employees home :/

[Gojira]

Durzel said:

It kinda feels like you're really disadvantaged if you're not getting these on 0% BIK via a company.

I just want to buy the car, personally. I don't have a limited company. From what I can tell I will have a pay a stload more than any company car user.

Yep - I don't see how 0% BIK helps a retired geek in the slightest....

Still, I don't have to get up and fight the rush hour traffic, so it definitely isn't all bad

[Fastlane]

jamoor said:

It doesn’t really say anything about a charge point installed in an employees home :/

The installation isn't included (although the OLEV grant will pay for this in most cases anyway) as it is a capital allowance for the new charge point equipment purchased by the company. Ultimately the equipment itself is still a company asset (whether it is installed at an employee's home or at work) and the company would therefore be responsible for its upkeep and would be entitled to remove it if if the employee left or it was no longer being used by that employee.

[Blue Oval84]

Gojira said:

Durzel said:

It kinda feels like you're really disadvantaged if you're not getting these on 0% BIK via a company.

I just want to buy the car, personally. I don't have a limited company. From what I can tell I will have a pay a stload more than any company car user.

Yep - I don't see how 0% BIK helps a retired geek in the slightest....

Still, I don't have to get up and fight the rush hour traffic, so it definitely isn't all bad

I can see why you'd be annoyed Durzel.

The company I work for are just getting a salary sacrifice scheme in so those of us who don't qualify for company cars can get one anyway and have the cost of a lease taken from our gross salary prior to tax and NI, and because there's no (or very low) BIK on the way from 2020 we won't get spanked with alternative taxation. It does feel very unfair on people who have to pay from net salary...

[anonymous-user]

I will try keep a ltd spinning for as long as possible if I ever early 'retire', for exactly this kind of stuff.

[MaxFromage]

jamoor said:

Do you have any information where it says you can reclaim the cost of the charger back and reclaim the VAT? My accountant thought otherwise

Info is here:

https://www.gov.uk/hmrc-internal-manuals/employmen...

It doesn't mention VAT, but you can claim it back (I'm a chartered accountant).

[TVR_Steve]

Just had confirmation that my new M3 LR isn't going to be with me before mid April.

[jamoor]

MaxFromage said:

jamoor said:

Do you have any information where it says you can reclaim the cost of the charger back and reclaim the VAT? My accountant thought otherwise

Info is here:

https://www.gov.uk/hmrc-internal-manuals/employmen...

It doesn't mention VAT, but you can claim it back (I'm a chartered accountant).

Oh that's amazing, thanks.

[jjwilde]

TVR_Steve said:

Just had confirmation that my new M3 LR isn't going to be with me before mid April.

I'd be amazed if Tesla can keep up with the BIK demand, the NHS are offering the Performance as a car at a crazy low price. I'd expect the delays to be 10+ months by March.

[TVR_Steve]

jjwilde said:

I'd be amazed if Tesla can keep up with the BIK demand, the NHS are offering the Performance as a car at a crazy low price. I'd expect the delays to be 10+ months by March.

I agree. Wait until everyone tries to charge them at the same time....

It's going to be mental.

[London1986]

Fastlane said:

I leased my M3P via my (VAT exempt) Ltd company back in December. You can charge the whole lease cost to the company (as you can with any car) as an operating lease payment, as well as the cost of installing the charger at home and work (you can get an OLEV grant to help with these costs), plus any other car-related expenses (car insurance, maintenance, tyres etc). The downside is that you can only claim back 4p/mile for any business miles.

In terms of the best lease deals, these change regularly - try leasing.com to compare deals - and remember to factor in any upfront cost when comparing across deals (leasing.com provide the total cost too, which is a far better measure than the advertised monthly cost). My all in monthly cost for a no-option (there are no must have options really) M3P with 12k miles/annum over 36 months is £634/month, or £22,824 in total. The referral code is worth about £60, so is really not that important and my lease company wouldn't let me apply one (Octopus/Tusker)!

I'd say any petrol head should/will opt for the Performance version, as I did. I think it is an excellent daily driver - I have a supercharged Ariel Atom for (warmer weather) fun though...

The best way of financing it etc. will depend on your circumstances, so do talk to your accountant to work out the true cost to you personally and the business.

Thanks for sharing. I'm also in the same boat.

£634/month is not bad for a 36 month contract. What was the deposit?

For me the car will be 100% personal use. I'm an IT contractor so have no need to use the car for business.

Agree with some other posters on here, due to the 0% BIK rates this is going to be a very popular option. Imagine the M3's will almost be as common on the roads as a Prius! I recently went to San Francisco as M3's were literally everywhere.

[gangzoom]

jjwilde said:

I'd be amazed if Tesla can keep up with the BIK demand, the NHS are offering the Performance as a car at a crazy low price. I'd expect the delays to be 10+ months by March.

£513/month for the P, 10k per year, 36 month agreement. No up front cost, includes insurance for 2 people, servicing, and tax.

Amount taken from gross salary is £1103/month.

Kia Niro is £348/month same options.

Shame aren't ready for a new car, very cheap new motoring!