Has anyone actually bought a Macan EV and what discount?
Discussion
Cheib said:
Need to buy a new one for tax benefit sadly. Spoke to the sales bloke I know fairly well at OPC November delivery for one to spec which really surprised me ! I think there are quite a lot around though has you guys have said.
You get the same tax savings on a used one and you ll avoid an instant £30k in depreciation.The only real difference? Cashflow.
PHFS said:
Cheib said:
Need to buy a new one for tax benefit sadly. Spoke to the sales bloke I know fairly well at OPC November delivery for one to spec which really surprised me ! I think there are quite a lot around though has you guys have said.
You get the same tax savings on a used one and you ll avoid an instant £30k in depreciation.The only real difference? Cashflow.
Cheib said:
Need to buy a new one for tax benefit sadly. .
You don't need to buy one though. I never get this TAX benefit saving vs driving some thing you actually want esp day on day.
People do odd stuff imo. I get it if you don't like cars and it;s transport , but you are on PH so must like them a bit !
911stWP said:
Cheib said:
Need to buy a new one for tax benefit sadly. .
You don't need to buy one though. I never get this TAX benefit saving vs driving some thing you actually want esp day on day.
People do odd stuff imo. I get it if you don't like cars and it;s transport , but you are on PH so must like them a bit !
But it does make sense for us to buy an EV as we have recently installed a lot of solar panels with a lot of excess production and a new EV charger. My wife’s car is a 7year old Macan Turbo PP (great car!)
I think the tax break means we’re buying the car at effectively a more sensible price than it being “cheap”
DMC2 said:
That's is wrong. You must be the first owner from new (although it can be a demo) to get the full financial benefit.
Used EVs give you the same total tax savings as new ones — the real differences are cashflow timing and depreciation risk.New EV (Ltd Co):
– You can claim 100% First Year Allowance (FYA) to deduct the full cost from profits in year 1.
– But when you sell it, HMRC claws back part of the saving via a balancing charge (sale price gets added back to profits).
– And a new EV can easily lose £20–30k in depreciation in the first few years — wiping out much of the benefit.
Used EV (Ltd Co):
– No FYA, but you get 18% writing down allowance per year (WDA), spread over time.
– No balancing charge later — the tax relief is more gradual but more predictable.
– And the worst of the depreciation has already happened — so in real terms, it may cost you less overall.
The total corporation tax relief is the same, just timed differently.
DMC2 said:
PHFS said:
You get the same tax savings on a used one and you ll avoid an instant £30k in depreciation.
The only real difference? Cashflow.
That's is wrong. You must be the first owner from new (although it can be a demo) to get the full financial benefit.The only real difference? Cashflow.
PHFS said:
DMC2 said:
That's is wrong. You must be the first owner from new (although it can be a demo) to get the full financial benefit.
Used EVs give you the same total tax savings as new ones the real differences are cashflow timing and depreciation risk.New EV (Ltd Co):
You can claim 100% First Year Allowance (FYA) to deduct the full cost from profits in year 1.
But when you sell it, HMRC claws back part of the saving via a balancing charge (sale price gets added back to profits).
And a new EV can easily lose £20 30k in depreciation in the first few years wiping out much of the benefit.
Used EV (Ltd Co):
No FYA, but you get 18% writing down allowance per year (WDA), spread over time.
No balancing charge later the tax relief is more gradual but more predictable.
And the worst of the depreciation has already happened so in real terms, it may cost you less overall.
The total corporation tax relief is the same, just timed differently.
But with low final values and high interest rates surely this makes them an expensive business expense, saving only the BIK (which I accept is very significant) ...
A far cry from the 120% ? first year corporation tax relief and high residual value ... though if sold corporation tax still had to be paid on the sale price ...
A far cry from the 120% ? first year corporation tax relief and high residual value ... though if sold corporation tax still had to be paid on the sale price ...
ChrisW. said:
But with low final values and high interest rates surely this makes them an expensive business expense, saving only the BIK (which I accept is very significant) ...
A far cry from the 120% ? first year corporation tax relief and high residual value ... though if sold corporation tax still had to be paid on the sale price ...
No amount of money would get me in an EV but I pay my TAX, live a nice life and I drive what I want to drive.A far cry from the 120% ? first year corporation tax relief and high residual value ... though if sold corporation tax still had to be paid on the sale price ...
It's called freedom.
As for heat pumps and solar and then wanting an EV because you have Solar seems even more madness to me.
There are many ways to run a car cheap the issue is the middle upper class won't do it.
911stWP said:
No amount of money would get me in an EV but I pay my TAX, live a nice life and I drive what I want to drive.
It's called freedom.
As for heat pumps and solar and then wanting an EV because you have Solar seems even more madness to me.
There are many ways to run a car cheap the issue is the middle upper class won't do it.
I agree, but as a daily, a good EV is so much faster, more refined and relaxing (unless you need to do 250+ miles a day) than most ICE equivalents. It's called freedom.
As for heat pumps and solar and then wanting an EV because you have Solar seems even more madness to me.
There are many ways to run a car cheap the issue is the middle upper class won't do it.
I only wish my 911 was as tax efficient and cheap to fuel, maintain and service, but at least it holds its value ..... if you ignore inflation
Discombobulate said:
I agree, but as a daily, a good EV is so much faster, more refined and relaxing (unless you need to do 250+ miles a day) than most ICE equivalents.
I only wish my 911 was as tax efficient and cheap to fuel, maintain and service, but at least it holds its value ..... if you ignore inflation
So you own an EV but wish to drive the 911 ?I only wish my 911 was as tax efficient and cheap to fuel, maintain and service, but at least it holds its value ..... if you ignore inflation
Just do it, life is too short to even worry about it.
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