Continue PCP and pay huge excess or take Co. Car?
Discussion
Currently a two car household.
Wife has a Seat Mii on PCP 18 months into 4 yrs
I have a Golf R 11 months into 4 yrs (10,000 miles p/a)
I took the car when I had a job that was a low mileage so only 10,000 per year. The excess is 7.2p per mile.
Now, I'm going to take new job which will mean much higher mileage, possibly 20-30,000 p/a
Options would be:
1) I take the company car and do all the miles in that, keeping the Golf for weekends. But I'll be paid less, or to be correct, not paid a car allowance and taxed more highly
2) As above but we end my wife's PCP ASAP and she uses the Golf, I use the co. car
3) I take the car allowance and rack up the miles on the Golf
Company car likely to be a fairly standard 320d or A4
I don't mind that the company car isn't all that exciting.
I do want to keep the Golf PCP (with as much value at the end as poss) so I can use the equity on something used but more special. But I don't want to lose a big chunk of the equity in excess mileage. £3k if I do 80,000 instead of 40,000
Anyone been in a similar situation?
Wife has a Seat Mii on PCP 18 months into 4 yrs
I have a Golf R 11 months into 4 yrs (10,000 miles p/a)
I took the car when I had a job that was a low mileage so only 10,000 per year. The excess is 7.2p per mile.
Now, I'm going to take new job which will mean much higher mileage, possibly 20-30,000 p/a
Options would be:
1) I take the company car and do all the miles in that, keeping the Golf for weekends. But I'll be paid less, or to be correct, not paid a car allowance and taxed more highly
2) As above but we end my wife's PCP ASAP and she uses the Golf, I use the co. car
3) I take the car allowance and rack up the miles on the Golf
Company car likely to be a fairly standard 320d or A4
I don't mind that the company car isn't all that exciting.
I do want to keep the Golf PCP (with as much value at the end as poss) so I can use the equity on something used but more special. But I don't want to lose a big chunk of the equity in excess mileage. £3k if I do 80,000 instead of 40,000
Anyone been in a similar situation?
talksthetorque said:
Can you buy extra miles on the PCP up front?
With VWFS and leasing/PCH you can buy extra miles halfway through the lease, usually at half the excess mileage rate.
Might make the sums add up better.
How much per mile for fuel will you get from the company?
Good point and worth investigating. Because nothing is finalised yet I haven't gone to VWFS as I don't want to spook them.With VWFS and leasing/PCH you can buy extra miles halfway through the lease, usually at half the excess mileage rate.
Might make the sums add up better.
How much per mile for fuel will you get from the company?
ETA it's a PCP not a PCH or lease, assume similar would apply though?
Edited by Hackney on Thursday 27th July 08:50
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