Salary sacrifice leasing
Discussion
riskyj said:
Gross or net?
I’m paying about £960 gross for the predecessor (original e-tron 55 in base Technik spec) which seemed like a good deal at the time! Thinking of swapping it out for whatever Arval have on deal currently as it seems like a horrific monthly amount in hindsight.
Thats net. I’m paying about £960 gross for the predecessor (original e-tron 55 in base Technik spec) which seemed like a good deal at the time! Thinking of swapping it out for whatever Arval have on deal currently as it seems like a horrific monthly amount in hindsight.
Edited by riskyj on Thursday 30th May 20:37
It feels like a horrific amount to me too, but working it all out it works out about the same as pcp on a car a few years old (something around 30-40k) The biggest thing here for us is we moved to a house with solar panels and we don't do a lot of miles. It 'should' cost very little to fuel it which levels the costs.
For example we have a cayenne v8d at the moment and when you combine the finance payment with insurance, fuel, tax , maintenance this works out less.
m3jappa said:
Thats net.
It feels like a horrific amount to me too, but working it all out it works out about the same as pcp on a car a few years old (something around 30-40k) The biggest thing here for us is we moved to a house with solar panels and we don't do a lot of miles. It 'should' cost very little to fuel it which levels the costs.
For example we have a cayenne v8d at the moment and when you combine the finance payment with insurance, fuel, tax , maintenance this works out less.
With solar panels, it's not that you don't pay anything, it's more that, the supplier pays you.It feels like a horrific amount to me too, but working it all out it works out about the same as pcp on a car a few years old (something around 30-40k) The biggest thing here for us is we moved to a house with solar panels and we don't do a lot of miles. It 'should' cost very little to fuel it which levels the costs.
For example we have a cayenne v8d at the moment and when you combine the finance payment with insurance, fuel, tax , maintenance this works out less.
Octopus charges you 7.5p/kwh off peak but will pay you 15p/kwh for solar export.
On a good sunny day, I export about 20Kwh, hardly enough to fill my EV but enough to pay for 40Kwh charge off peak
My work (through Tusker) is offering the Mazda MX-30 at £280 net at the moment. Is that good/bad/indifferent for one of these? I realise its shorter range compared to the other options but its fine for the pottering about that we do and a reasonable lead time.
Edited by KTF on Friday 31st May 09:57
KTF said:
My work (through Tusker) is offering the Mazda MX-30 at £280 net at the moment. Is that good/bad/indifferent for one of these? I realise its shorter range compared to the other options but its fine for the pottering about that we do and a reasonable lead time.
mileage and lease period?Edited by KTF on Friday 31st May 09:57
24/5000?
Having looked at the MX-30 and thought about it for a bit I passed. Very nice place to sit and premium feel to the interior but the realistic 100(ish) miles range would only become an annoyance (more so in winter when it would reduce).
There as a Nissan garage over the road so went to have a look at a Leaf (£280 a month/48 months on the work scheme) and that was a much better proposition. Better range, much nicer than I expected inside, more space, roomier, etc.
It comes with a hilarious 3 pin granny charger included so might give that a go first (I have solar panels so the excess will easily trickle feed it) before going for the wall box option. Although to be honest the wall box will be much easier as you can set them up to divert excess production to the car automatically and forget about it.
With a bit of man maths and some squinting my fag packet calculations make it.
£50 of fuel every 3 weeks = £866
VED = £190
Insurance = £350
Servicing & MOT = £350
Tyres, wipers, etc. = £150
£1906 total (effectively £158.83 a month).
£280 x 12 is £3360 so an extra £1454 a year (or £121.16 a month) for a 0 miles car with lots of gadgets and no other costs to worry about isnt bad.
Plus I wont have to worry about my wifes terrible habit of resting her foot on the clutch pedal instead of using the clutch rest and wondering how long it will be until it needs replacing...
There as a Nissan garage over the road so went to have a look at a Leaf (£280 a month/48 months on the work scheme) and that was a much better proposition. Better range, much nicer than I expected inside, more space, roomier, etc.
It comes with a hilarious 3 pin granny charger included so might give that a go first (I have solar panels so the excess will easily trickle feed it) before going for the wall box option. Although to be honest the wall box will be much easier as you can set them up to divert excess production to the car automatically and forget about it.
With a bit of man maths and some squinting my fag packet calculations make it.
£50 of fuel every 3 weeks = £866
VED = £190
Insurance = £350
Servicing & MOT = £350
Tyres, wipers, etc. = £150
£1906 total (effectively £158.83 a month).
£280 x 12 is £3360 so an extra £1454 a year (or £121.16 a month) for a 0 miles car with lots of gadgets and no other costs to worry about isnt bad.
Plus I wont have to worry about my wifes terrible habit of resting her foot on the clutch pedal instead of using the clutch rest and wondering how long it will be until it needs replacing...
Edited by KTF on Monday 10th June 15:30
KTF said:
With a bit of man maths and some squinting my fag packet calculations make it.
£50 of fuel every 3 weeks = £866
VED = £190
Insurance = £350
Servicing & MOT = £350
Tyres, wipers, etc. = £150
£1906 total (effectively £158.83 a month).
£280 x 12 is £3360 so an extra £1454 a year (or £121.16 a month) for a 0 miles car with lots of gadgets and no other costs to worry about isnt bad.
You're not allowing anything for depreciation of the current vehicle?£50 of fuel every 3 weeks = £866
VED = £190
Insurance = £350
Servicing & MOT = £350
Tyres, wipers, etc. = £150
£1906 total (effectively £158.83 a month).
£280 x 12 is £3360 so an extra £1454 a year (or £121.16 a month) for a 0 miles car with lots of gadgets and no other costs to worry about isnt bad.
hi all , really tempted by the ioniq 5n , through tusker , around the £750 net depending on paint colour , anyone on here ordered 1 through tusker ?
ive never had an ev , still pottering about in an f30 330d ! only do around 3000k a year , and how will it effect my tax for the year i earn approx 112000k
ive never had an ev , still pottering about in an f30 330d ! only do around 3000k a year , and how will it effect my tax for the year i earn approx 112000k
I ordered mine through tusker yesterday.
There is a load of paperwork that you sign electronically and then it goes to your company for approval.
After approval it goes to a local dealer to be fulfilled.
My leaf is meant to be an in stock car so be interesting to see how long it takes to be delivered.
The VED on my current car is due at the end of the month so hopefully before then.
Then it’s off to WBAC or similar with the current car.
There is a load of paperwork that you sign electronically and then it goes to your company for approval.
After approval it goes to a local dealer to be fulfilled.
My leaf is meant to be an in stock car so be interesting to see how long it takes to be delivered.
The VED on my current car is due at the end of the month so hopefully before then.
Then it’s off to WBAC or similar with the current car.
kevburner said:
hi all , really tempted by the ioniq 5n , through tusker , around the £750 net depending on paint colour , anyone on here ordered 1 through tusker ?
ive never had an ev , still pottering about in an f30 330d ! only do around 3000k a year , and how will it effect my tax for the year i earn approx 112000k
You should also seek appropriate financial advice, however that is c. £1300 gross per month so a reduction of £15,600 per annum which will drop you out of the 60% tax bracket for a start, keep in mind the net doesn't factor in that save as well so the actual 'real world' save to you would be greater still.ive never had an ev , still pottering about in an f30 330d ! only do around 3000k a year , and how will it effect my tax for the year i earn approx 112000k
Plus the BIK of course....
Sheepshanks said:
KTF said:
With a bit of man maths and some squinting my fag packet calculations make it.
£50 of fuel every 3 weeks = £866
VED = £190
Insurance = £350
Servicing & MOT = £350
Tyres, wipers, etc. = £150
£1906 total (effectively £158.83 a month).
£280 x 12 is £3360 so an extra £1454 a year (or £121.16 a month) for a 0 miles car with lots of gadgets and no other costs to worry about isnt bad.
You're not allowing anything for depreciation of the current vehicle?£50 of fuel every 3 weeks = £866
VED = £190
Insurance = £350
Servicing & MOT = £350
Tyres, wipers, etc. = £150
£1906 total (effectively £158.83 a month).
£280 x 12 is £3360 so an extra £1454 a year (or £121.16 a month) for a 0 miles car with lots of gadgets and no other costs to worry about isnt bad.
df76 said:
Sheepshanks said:
KTF said:
With a bit of man maths and some squinting my fag packet calculations make it.
£50 of fuel every 3 weeks = £866
VED = £190
Insurance = £350
Servicing & MOT = £350
Tyres, wipers, etc. = £150
£1906 total (effectively £158.83 a month).
£280 x 12 is £3360 so an extra £1454 a year (or £121.16 a month) for a 0 miles car with lots of gadgets and no other costs to worry about isnt bad.
You're not allowing anything for depreciation of the current vehicle?£50 of fuel every 3 weeks = £866
VED = £190
Insurance = £350
Servicing & MOT = £350
Tyres, wipers, etc. = £150
£1906 total (effectively £158.83 a month).
£280 x 12 is £3360 so an extra £1454 a year (or £121.16 a month) for a 0 miles car with lots of gadgets and no other costs to worry about isnt bad.
Another advantage of going for the lease is that it drops me back down to a lower tax band so instead of paying tax and getting nothing I am getting a car out of it instead for a bit less salary a month (but less than I would have paid in tax overall) which is really the point of the scheme.
kevburner said:
hi all , really tempted by the ioniq 5n , through tusker , around the £750 net depending on paint colour , anyone on here ordered 1 through tusker ?
ive never had an ev , still pottering about in an f30 330d ! only do around 3000k a year , and how will it effect my tax for the year i earn approx 112000k
You can call Tusker and they will explain the tax impact for £100k+ earners. ive never had an ev , still pottering about in an f30 330d ! only do around 3000k a year , and how will it effect my tax for the year i earn approx 112000k
Not sure if other people are seeing this but our Zenith portal on work is showing some decent pricing for the i5 touring.
I have been keeping an eye on this and iX prices for a while ix have gone nowhere if a little bit up, but the i5 is seeing some decent discounts (potentially to do with the touring reviews hitting the press and youtube etc - generally very favourable)
I ran a few quotes earlier and I am seeing circa £820 net - 10K, 3 years @ 40% for an msport tech plus comfort plus car with sun protection glass and optional 20 inch wheels - insured in South Wales (ours scheme includes servicing and tyres etc). Not bad for an 85K P11d car. It works out about £1,250 gross deduction.
For me personally the m sport pro isn't worth it it's about £30 odd a month more (the option is £3K on the P11d) and oddly the cars with comfort and tech plus work out cheaper than taking a basic msport and adding in comfort pack and tech pack.
I enquired about this and the residuals on the essentially fully loaded "plus" cars are stronger.
For comparison the iX 40 which has a P11d of 73K without any options is showing as £830 net (you'd need to add on metallic paint and the tech pack to that for a square comparison)
I have been keeping an eye on this and iX prices for a while ix have gone nowhere if a little bit up, but the i5 is seeing some decent discounts (potentially to do with the touring reviews hitting the press and youtube etc - generally very favourable)
I ran a few quotes earlier and I am seeing circa £820 net - 10K, 3 years @ 40% for an msport tech plus comfort plus car with sun protection glass and optional 20 inch wheels - insured in South Wales (ours scheme includes servicing and tyres etc). Not bad for an 85K P11d car. It works out about £1,250 gross deduction.
For me personally the m sport pro isn't worth it it's about £30 odd a month more (the option is £3K on the P11d) and oddly the cars with comfort and tech plus work out cheaper than taking a basic msport and adding in comfort pack and tech pack.
I enquired about this and the residuals on the essentially fully loaded "plus" cars are stronger.
For comparison the iX 40 which has a P11d of 73K without any options is showing as £830 net (you'd need to add on metallic paint and the tech pack to that for a square comparison)
Is this tusker a bit slippery or is it just our bad luck?
Ordered a i4m50 . A week later they contacted us to say dealer can't for fill the order and to await a new listing. Price increased about £200 odd a month with new listing.
to be fair there was a facelift announced a couple of days after we ordered. However it actually looks like the list price has gone down.
So, due to the price increase we sacked that one off.
Ordered a q8 etron
A week or so later they contact us and say that due to it being a my25 the order is in place but theres a price increase.
Check the website and its over £300 a month more.
Unbelievable. Tbh both prices were imo very good but is this a practice they do all the time.
Now have briefly looked at the q6 etron which as a launch edition is good money. But its a 45 week waiting time and again what if they start putting the price up.
Ordered a i4m50 . A week later they contacted us to say dealer can't for fill the order and to await a new listing. Price increased about £200 odd a month with new listing.
to be fair there was a facelift announced a couple of days after we ordered. However it actually looks like the list price has gone down.
So, due to the price increase we sacked that one off.
Ordered a q8 etron
A week or so later they contact us and say that due to it being a my25 the order is in place but theres a price increase.
Check the website and its over £300 a month more.
Unbelievable. Tbh both prices were imo very good but is this a practice they do all the time.
Now have briefly looked at the q6 etron which as a launch edition is good money. But its a 45 week waiting time and again what if they start putting the price up.
No surprise in all honesty. They're still terrified by potential future EV depreciation so will of course put all of the risk on the end user to protect their profit margins and use things like facelifts as an excuse to hike prices.
As an example i4 M50's are dumping £25-30k in the first year and 10k miles..
As an example i4 M50's are dumping £25-30k in the first year and 10k miles..
SWoll said:
No surprise in all honesty. They're still terrified by potential future EV depreciation so will of course put all of the risk on the end user to protect their profit margins and use things like facelifts as an excuse to hike prices.
As an example i4 M50's are dumping £25-30k in the first year and 10k miles..
The lease companies aren't paying anything like RRP for the cars for the most part.As an example i4 M50's are dumping £25-30k in the first year and 10k miles..
If a car is temporarily a steal on lease it means the manufacturer has pushed a load of stock that way. Move quick because the moment the cheap stock is allocated the price will bounce back up - although for the same reasons there's always a handful of great value cars available.
Not that SS leasing is ever good value compared to shopping around all lease companies and putting whichever is cheapest through as a company car.
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