What semi-interesting car (jumping out of company car....)
Discussion
Gents,
Looking for sensible suggestions....alas no need to use custard, hammer frozen sausages into lawns or seek revenge on a cheating spouse...
Currently running a Mk7 Golf GTI as my company car, i get a fairly crappy car allowance of circa £400 a month, and im taxed circa £240 a month on that car...i.e. to my horror it costs me £600+ a month
So....a dilemma:
I need a bigger car, the wife has gone from an X5 to an i3, needs to carry 2 kids, wife, reasonable amount of kit, do about 15k - 20k a year
1) Opt out, take the money (after tax), save company car tax and buy something interesting (id guess circa £500 a month, assuming £2-5k deposit +insurance etc. etc.)
2) Pay even more company car tax on either a diesel A6 size car or tasty similar car to Golf in estate form (enjoying fact that all expenses are covered, and i have now done 2 sets of front tyres in the Golf in 23k miles)
I quite fancy an Golf R Estate, CLA 45AMG or a nearly new C63 or similar but heart is saying be sensible and go for a 2.0Tdi A4 Avant Sline esque car (yawn and i hear Diesels are about to be taxed more)
What would you do?
Looking for sensible suggestions....alas no need to use custard, hammer frozen sausages into lawns or seek revenge on a cheating spouse...
Currently running a Mk7 Golf GTI as my company car, i get a fairly crappy car allowance of circa £400 a month, and im taxed circa £240 a month on that car...i.e. to my horror it costs me £600+ a month
So....a dilemma:
I need a bigger car, the wife has gone from an X5 to an i3, needs to carry 2 kids, wife, reasonable amount of kit, do about 15k - 20k a year
1) Opt out, take the money (after tax), save company car tax and buy something interesting (id guess circa £500 a month, assuming £2-5k deposit +insurance etc. etc.)
2) Pay even more company car tax on either a diesel A6 size car or tasty similar car to Golf in estate form (enjoying fact that all expenses are covered, and i have now done 2 sets of front tyres in the Golf in 23k miles)
I quite fancy an Golf R Estate, CLA 45AMG or a nearly new C63 or similar but heart is saying be sensible and go for a 2.0Tdi A4 Avant Sline esque car (yawn and i hear Diesels are about to be taxed more)
What would you do?
Brabus Jord said:
Ive got a Seat Leon Cupra ST 300 AWD DSG coming - im in the same boat. thought id lease myself instead.
15k pa, gonna cost me £388 per month inc VAT.
its very comparable to a Golf R estate but comes better equipped as standard.
Ok cool thanks that is absolutely worth considering - is that inlc. maintenance & tax? (also avoids £40k+ penalty too i guess...)15k pa, gonna cost me £388 per month inc VAT.
its very comparable to a Golf R estate but comes better equipped as standard.
stewjohnst said:
You could look at a new Octavia Vrs estate, it's a step down from the Cupra/Golf R but still respectable performance wise and not ruinous.
Boot is cavernous in estate form.
They have just made the front look a bit weird with the facelift though.
A lot of car for the money but i work in a very fickle industry and as pathetic as this may sound, I'm not really fancying one. Plus truthfully given the outlay i want something i actually 'want' to drive' hence thirsty v8's etc.Boot is cavernous in estate form.
They have just made the front look a bit weird with the facelift though.
Chr1sch said:
Currently running a Mk7 Golf GTI as my company car, i get a fairly crappy car allowance of circa £400 a month, and im taxed circa £240 a month on that car...i.e. to my horror it costs me £600+ a month
I don't follow your maths - how is the company car costing you £600+ /mth?Having said that, we were pushed to opt out of 3 Series /A4 that were on 3yr 90K mile full maint contracts. A lot of guys jumped at it when we were offered £600/mth allowance. Only to find that, surprise, surprise, a similar car on similar terms left them no better off, and they had all the risk of doing 30K/yr in their own car.
Chr1sch said:
CLA 45AMG or a nearly new C63...
I have a different Merc but surely a CLA won't be much bigger and the C63 will kill you in petrol and rear tyre bills.stewjohnst said:
You could look at a new Octavia Vrs estate, it's a step down from the Cupra/Golf R but still respectable performance wise and not ruinous.
Boot is cavernous in estate form.
They have just made the front look a bit weird with the facelift though.
I test drove the Seat Leon ST, Golf R Estate, S3 sport back and Skoda VRS estate all over the course of 1 weekend so i could make my choice. the Skoda was nice but you could massively notice the difference in power over the other 3. on its own - it would have been a very capable car.Boot is cavernous in estate form.
They have just made the front look a bit weird with the facelift though.
Costs wise on the lease quotes: (all 3 months down and 15kpa)
Audi S3 - £438 pm
Golf R Estate - £405 pm
Seat Leon ST - £388pm
Skoda VRS - £378pm
Seat came with a good mick of standard equipment which was extra cost options on the Golf and S3. things like, Dynamic Chassis Control, front and rear parking, heater seats, Nav, Cruise Control.
All of the above added £7k to the price of the golf and it was well over £500 a month. The combination of that made the Seat a nobrainer... Interior is lovely too. Ill dig out some real world pics
Brabus Jord said:
I test drove the Seat Leon ST, Golf R Estate, S3 sport back and Skoda VRS estate all over the course of 1 weekend so i could make my choice. the Skoda was nice but you could massively notice the difference in power over the other 3. on its own - it would have been a very capable car.
Costs wise on the lease quotes: (all 3 months down and 15kpa)
Audi S3 - £438 pm
Golf R Estate - £405 pm
Seat Leon ST - £388pm
Skoda VRS - £378pm
Seat came with a good mick of standard equipment which was extra cost options on the Golf and S3. things like, Dynamic Chassis Control, front and rear parking, heater seats, Nav, Cruise Control.
All of the above added £7k to the price of the golf and it was well over £500 a month. The combination of that made the Seat a nobrainer... Interior is lovely too. Ill dig out some real world pics
Fantastic many thanks mate, really usefulCosts wise on the lease quotes: (all 3 months down and 15kpa)
Audi S3 - £438 pm
Golf R Estate - £405 pm
Seat Leon ST - £388pm
Skoda VRS - £378pm
Seat came with a good mick of standard equipment which was extra cost options on the Golf and S3. things like, Dynamic Chassis Control, front and rear parking, heater seats, Nav, Cruise Control.
All of the above added £7k to the price of the golf and it was well over £500 a month. The combination of that made the Seat a nobrainer... Interior is lovely too. Ill dig out some real world pics
Sheepshanks said:
Chr1sch said:
Currently running a Mk7 Golf GTI as my company car, i get a fairly crappy car allowance of circa £400 a month, and im taxed circa £240 a month on that car...i.e. to my horror it costs me £600+ a month
I don't follow your maths - how is the company car costing you £600+ /mth?Having said that, we were pushed to opt out of 3 Series /A4 that were on 3yr 90K mile full maint contracts. A lot of guys jumped at it when we were offered £600/mth allowance. Only to find that, surprise, surprise, a similar car on similar terms left them no better off, and they had all the risk of doing 30K/yr in their own car.
Chr1sch said:
CLA 45AMG or a nearly new C63...
I have a different Merc but surely a CLA won't be much bigger and the C63 will kill you in petrol and rear tyre bills.I know practically the allowance would be taxed so it costs me less than the full £385 toward the company car, but wither way its a significant monthly sum for a car i dont feel is illustrative of that amount.
Chr1sch said:
Well it was basic maths, but the golf costs me all of the £385 a month i get as an allowance, plus i put in an extra £40 or so a month, then in turn i also loose a further £260 (just looked on com car) a month in tax....total is north of £600
Do you mean you're told you can have a car up to £385/mth? And then you add in £40/mth to bump it up a bit?I think you're making it look a lot worse than it is. It's not valid to add all those figures up - the £385 doesn't cost you anything.
Sheepshanks said:
Chr1sch said:
Well it was basic maths, but the golf costs me all of the £385 a month i get as an allowance, plus i put in an extra £40 or so a month, then in turn i also loose a further £260 (just looked on com car) a month in tax....total is north of £600
Do you mean you're told you can have a car up to £385/mth? And then you add in £40/mth to bump it up a bit?I think you're making it look a lot worse than it is. It's not valid to add all those figures up - the £385 doesn't cost you anything.
If I opt out i get the £385 in my salary but will be taxed on it but save comp car tax.
Chr1sch said:
My car allowance is on my pay slip and is £385, i then bump that up to £420 ish to cover the Golf.
If I opt out i get the £385 in my salary but will be taxed on it but save comp car tax.
Sounds like the car is directly costing you £300 then - £40 extra contribution + £260 monthly tax. If I opt out i get the £385 in my salary but will be taxed on it but save comp car tax.
markirl said:
Chr1sch said:
My car allowance is on my pay slip and is £385, i then bump that up to £420 ish to cover the Golf.
If I opt out i get the £385 in my salary but will be taxed on it but save comp car tax.
Sounds like the car is directly costing you £300 then - £40 extra contribution + £260 monthly tax. If I opt out i get the £385 in my salary but will be taxed on it but save comp car tax.
Does anyone know what rate of tax I pay on the car allowance? Is it the same as my normal monthly salary?
Gassing Station | Car Buying | Top of Page | What's New | My Stuff