Company Car - Best value PistonHeader's Choice???
Discussion
So last time round I went for a Golf 7 GTD which I have to admit, I've loved. It ticks all the boxes: Economical, practical, but above all fast, handles well and great fun to drive.
At the end of the summer I need to choose again and I'm struggling to get my head around what I should go for that's still going to tick all those boxes, without potentially costing me a lot more once the government realises that their current taxation stance on company cars encourages people to go for a diesel over a petrol - by way of a comparison, Golf GTD = 114g/km v Golf GTI 148g/km.
For a higher tax payer that means that over the next 3 years the GTI costs about £60 per month more, before you start to think about economy and fuel costs.
Anyone have any thoughts about whether the government is likely to make any changes to the way BIK is worked out for the next three years or is there some legal expert out there who can tell me that the levels of taxation currently set for BIK based on emissions can't be changed to adversely affect those already tied into their company car for 3/4 years...
Alternative is a petrol/electric hybrid like the BMW 330e but only available as a saloon and the handling is possibly blunted by the batteries...
Any thoughts or suggestions welcome!
At the end of the summer I need to choose again and I'm struggling to get my head around what I should go for that's still going to tick all those boxes, without potentially costing me a lot more once the government realises that their current taxation stance on company cars encourages people to go for a diesel over a petrol - by way of a comparison, Golf GTD = 114g/km v Golf GTI 148g/km.
For a higher tax payer that means that over the next 3 years the GTI costs about £60 per month more, before you start to think about economy and fuel costs.
Anyone have any thoughts about whether the government is likely to make any changes to the way BIK is worked out for the next three years or is there some legal expert out there who can tell me that the levels of taxation currently set for BIK based on emissions can't be changed to adversely affect those already tied into their company car for 3/4 years...
Alternative is a petrol/electric hybrid like the BMW 330e but only available as a saloon and the handling is possibly blunted by the batteries...
Any thoughts or suggestions welcome!
Probably not ideal but I went for the Golf MK7 1.4 TSI ACT for these reasons, 148bhp, 0-60 8.2 but most importantly petrol. With 80kgs less over the nose as compared to the 2.0TDI the handling improvement was noticeable. Mixed with DSG and ACC it makes high miles comfortable, but enough fun when not on the work miles.
Admittedly you're likely to miss the 100lb/ft as compared to the GTD. 110g/km, & petrol, which since I got mine has meant the 3% surcharge on diesel wasn't scrapped...& 45mpg recorded over 48k miles.
As with everything it isn't perfect, but a good compromise for me.
Admittedly you're likely to miss the 100lb/ft as compared to the GTD. 110g/km, & petrol, which since I got mine has meant the 3% surcharge on diesel wasn't scrapped...& 45mpg recorded over 48k miles.
As with everything it isn't perfect, but a good compromise for me.
I'm also currently running a Mk7 GTD as a company car and I'm struggling to come up with a replacement for it later this year, it's not only the best company car I've ever had, it's probably one of my favourite cars I've had over the last 25 years. It just does everything so well.
I might just another, but add leather and a sunroof this time.
I might just another, but add leather and a sunroof this time.
Gunk said:
I'm also currently running a Mk7 GTD as a company car and I'm struggling to come up with a replacement for it later this year, it's not only the best company car I've ever had, it's probably one of my favourite cars I've had over the last 25 years. It just does everything so well.
I might just another, but add leather and a sunroof this time.
I'm thinking along similar lines, or maybe even just go for a GTI. Not sure how much difference it's actually going to make in terms of fuel costs though. One of my colleagues has just got one, but I feel she might have a slightly more relaxed driving style than I do... I think I need to demo one for a week if I can swing it and see what it's like on a variety of runs.I might just another, but add leather and a sunroof this time.
I've got the same problem, mine's due to go back in March but the equivalent replacement will cost 50% more than I'm paying now which I'm not overly keen on. Also would like something petrol which sounds nice as I don't do that many miles, but it's a hard all rounder to beat. Tempted to buy it from the lease company as it shouldn't lose too much money over the next 2 years, and I'm free to swap it for anything else interesting that comes up.
Look at the 2018/2019 BIK rates.
A GTD would be £281 / month vs GTI at £297 / month (for base DSG cars with no options).
Some people are going to get a very nasty shock - one of my colleagues ordered a Disco Sport without looking at the future BIK rates. Ouch!
Conversely, a GTE with Navigation would be only £155 / month and an Audi A3 e-Tron about the same. (using 2018/2019 figures).
A GTD would be £281 / month vs GTI at £297 / month (for base DSG cars with no options).
Some people are going to get a very nasty shock - one of my colleagues ordered a Disco Sport without looking at the future BIK rates. Ouch!
Conversely, a GTE with Navigation would be only £155 / month and an Audi A3 e-Tron about the same. (using 2018/2019 figures).
Trabi601 said:
Look at the 2018/2019 BIK rates.
A GTD would be £281 / month vs GTI at £297 / month (for base DSG cars with no options).
Some people are going to get a very nasty shock - one of my colleagues ordered a Disco Sport without looking at the future BIK rates. Ouch!
Conversely, a GTE with Navigation would be only £155 / month and an Audi A3 e-Tron about the same. (using 2018/2019 figures).
Where have you got those figures from? My company's car site quotes GTD at £209.13 and GTI at £236.30 for 18/19 (manual rather than DSG). A GTD would be £281 / month vs GTI at £297 / month (for base DSG cars with no options).
Some people are going to get a very nasty shock - one of my colleagues ordered a Disco Sport without looking at the future BIK rates. Ouch!
Conversely, a GTE with Navigation would be only £155 / month and an Audi A3 e-Tron about the same. (using 2018/2019 figures).
Here is the output for DTD (5 door DSG, no extras):
P11D Value (£) 29,335.00
Monthly Personal Contribution (£) 116.57
UK Tax Payer Lower Tax Rate Upper Tax Rate Top Tax Rate
Tax Year % Taxable Benefit (£) % £ % £ % £
2016/17 25.00 5,934.00 20 98.90 40 197.80 45 222.53
2017/18 27.00 6,521.00 20 108.68 40 217.37 45 244.54
2018/19 29.00 7,108.00 20 118.47 40 236.93 45 266.55
2019/20 32.00 7,988.00 20 133.13 40 266.27 45 299.55
and for GTI - not Performance Pack (5 door DSG, no extras):
P11D Value (£) 29,730.00
Monthly Personal Contribution (£) 142.93
UK Tax Payer Lower Tax Rate Upper Tax Rate Top Tax Rate
Tax Year % Taxable Benefit (£) % £ % £ % £
2016/17 26.00 6,014.00 20 100.23 40 200.47 45 225.53
2017/18 28.00 6,609.00 20 110.15 40 220.30 45 247.84
2018/19 30.00 7,203.00 20 120.05 40 240.10 45 270.11
2019/20 33.00 8,095.00 20 134.92 40 269.83 45 303.56
One of us is working from the wrong figures it would seem?
Ocho said:
Trabi601 said:
That's a hefty personal contribution! - I'd never put that much in myself. My 520d costs me about 30 quid a month, as I went for Luxury with Harman Kardon and a load of other toys.
Clearly the oil industry is still paying well...The answer, in my opinion, in your position, is to look at the GTE / e-Tron, or look for cars with 89-99g/km emissions. Check out future BIK rates and minimise your personal contribution towards a company tool!
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