Leasing a used car - poss an EV

[FlyingPanda]

I can see several leasing companies have a range of used (usually ex-lease) cars that they can offer on a lease, but are there finance houses that will let you find the car yourself and then put a lease on it?

There are obviously massive savings on some (most?) used BEVS, so I would consider switching and putting it through the business if I could benefit from that. I can see all sorts of benefits of leasing a brand new car through the business (I own my own Ltd Co) but with a used one it doesn't seem as straightforward, particularly if you are looking for a specific make and model. For context, I am looking at a 2 year old BMW IX 50 - which seems to be a relative bargain used, but if I go for a new one (and enjoy all tax benefits that brings) it's still cheaper for me to run an X5 40d diesel of similar vintage!

So I suppose I have two questions:

- Can I find a late used car I like and get someone to put a business lease on it?
- Is this actually worth it anyway, as the tax benefits seem to reduce significantly (and the 'fuel' costs are more expensive if I have to use public chargers any amount - which I will for some of the time)

(I have plugged it all into a spreadsheet and it doesn't look as appealing as I'd hoped!)

Any thoughts or experiences would be gratefully received!

[FlyingPanda]

So this topic didn't seem to gain much attention (sorry - it was a bit dull), but I will try again with a slightly different angle - does anyone know anything about BCPs (ie: PCPs, but for business) and whether these can be used to fund a second hand car?

Any good/bad points I should be aware of?

[CG2020UK]

I haven’t any experience regarding this area unfortunately but I’ll comment in the hopes of helping more knowledgeable people join.

What I would say is if it was me I wouldn’t have any interest in a used EV at the moment. The risks and potential costs don’t really make it seem worthwhile.

I’d probably just take the easy option and lease a new car with a nice warranty that means any problems you can just hand it back and not lose any sleep.

[Franco5]

FlyingPanda said:

I can see several leasing companies have a range of used (usually ex-lease) cars that they can offer on a lease, but are there finance houses that will let you find the car yourself and then put a lease on it?

There are obviously massive savings on some (most?) used BEVS, so I would consider switching and putting it through the business if I could benefit from that. I can see all sorts of benefits of leasing a brand new car through the business (I own my own Ltd Co) but with a used one it doesn't seem as straightforward, particularly if you are looking for a specific make and model. For context, I am looking at a 2 year old BMW IX 50 - which seems to be a relative bargain used, but if I go for a new one (and enjoy all tax benefits that brings) it's still cheaper for me to run an X5 40d diesel of similar vintage!

So I suppose I have two questions:

- Can I find a late used car I like and get someone to put a business lease on it?
- Is this actually worth it anyway, as the tax benefits seem to reduce significantly (and the 'fuel' costs are more expensive if I have to use public chargers any amount - which I will for some of the time)

(I have plugged it all into a spreadsheet and it doesn't look as appealing as I'd hoped!)

Any thoughts or experiences would be gratefully received!

Get a latest generation new EV anything other than maybe a fairly new Tesla or i4 M50 is stupidly inefficient. The newer 300 mile range cars are so much better than the crappy EQCs and Etrons. There’s a reason that those are worth buttons now.

[karan99]

FlyingPanda said:

I can see several leasing companies have a range of used (usually ex-lease) cars that they can offer on a lease, but are there finance houses that will let you find the car yourself and then put a lease on it?

There are obviously massive savings on some (most?) used BEVS, so I would consider switching and putting it through the business if I could benefit from that. I can see all sorts of benefits of leasing a brand new car through the business (I own my own Ltd Co) but with a used one it doesn't seem as straightforward, particularly if you are looking for a specific make and model. For context, I am looking at a 2 year old BMW IX 50 - which seems to be a relative bargain used, but if I go for a new one (and enjoy all tax benefits that brings) it's still cheaper for me to run an X5 40d diesel of similar vintage!

So I suppose I have two questions:

- Can I find a late used car I like and get someone to put a business lease on it?
- Is this actually worth it anyway, as the tax benefits seem to reduce significantly (and the 'fuel' costs are more expensive if I have to use public chargers any amount - which I will for some of the time)

(I have plugged it all into a spreadsheet and it doesn't look as appealing as I'd hoped!)

Any thoughts or experiences would be gratefully received!

w
What is the deal and details plus for the ix 50 .. how much is the monthly on it to go through business .. extra details help

[FlyingPanda]

karan99 said:

What is the deal and details plus for the ix 50 .. how much is the monthly on it to go through business .. extra details help

I’m seeing 1 yr old iX 50s at c.£66k - that was a £110k car less than a year ago, so looks tempting with a PCP at c. £700pm. The question though is, would any funders do this as a lease or BCP for the business?

I know they would for a new one (but the figures don’t really stack up for that) hence the question about funding a used one through the business.