Leasing an Omada 5
Discussion
Hi everyone.
Looking to get a car though SS pretty soon hopefully but needed something pretty quick i.e. end of the year at the latest.
There's a couple of cars that fall within my £500pm budget:
The Omada 5 on a 2 year term works out about £460pm inc insurance, maintenance, breakdown.
Has anyone got any experience with the Omada 5 electric? I know its fairly new in the UK
There's also the MG4 long range £470pm
Tesla model Y works out to be £537pm for 2 years. Didn't really want to go over £500 pm. Is it worth just spending a little bit extra and getting the Tesla with the options I have?
Much appreciated
Looking to get a car though SS pretty soon hopefully but needed something pretty quick i.e. end of the year at the latest.
There's a couple of cars that fall within my £500pm budget:
The Omada 5 on a 2 year term works out about £460pm inc insurance, maintenance, breakdown.
Has anyone got any experience with the Omada 5 electric? I know its fairly new in the UK
There's also the MG4 long range £470pm
Tesla model Y works out to be £537pm for 2 years. Didn't really want to go over £500 pm. Is it worth just spending a little bit extra and getting the Tesla with the options I have?
Much appreciated
You can get a Model Y on a 3+35 personal contract hire deal for £442 a month direct from Tesla.
Unless your insurance costs are huge, that’ll be cheaper than salary sacrifice. On SS have you factored in the increases in BIK each year.
The biggest winners from SS are the leasing companies who are making a fortune out of it.
Unless your insurance costs are huge, that’ll be cheaper than salary sacrifice. On SS have you factored in the increases in BIK each year.
The biggest winners from SS are the leasing companies who are making a fortune out of it.
quinny100 said:
You can get a Model Y on a 3+35 personal contract hire deal for £442 a month direct from Tesla.
Unless your insurance costs are huge, that’ll be cheaper than salary sacrifice. On SS have you factored in the increases in BIK each year.
The biggest winners from SS are the leasing companies who are making a fortune out of it.
So for 3 years its about £510pm. Insurance is about another £100 per month so for the PCH it would work out more expensive.Unless your insurance costs are huge, that’ll be cheaper than salary sacrifice. On SS have you factored in the increases in BIK each year.
The biggest winners from SS are the leasing companies who are making a fortune out of it.
The other reason why I was going for SS was about £2-2.5k of the 40% tax just goes to the taxman but AFAIK rather than going there it can be used here
quinny100 said:
You can get a Model Y on a 3+35 personal contract hire deal for £442 a month direct from Tesla.
That explains why when I ordered an Uber on Sunday the car was a brand new Model Y. Having never been in a Tesla before I spent most of the journey geeking out over the fact the car recognised all the cars, trucks and buses on the display and even showed when they were braking.I would get one of these over the Omada any day.
bennno said:
Id be waiting till after the budget before signing up for any SS leasing.
Thieves will surely close a tax avoidance loophole that enables the best paid to drive around in subsidised 150k Porsche EV's.
Trouble is, if they stop these sort of people leasing/buying EVs then their net zero plan will go out the window as very few people buy EVs privately.Thieves will surely close a tax avoidance loophole that enables the best paid to drive around in subsidised 150k Porsche EV's.
zed0070 said:
For me if a £5k lease per year now works out to be £3k with the £2k tax going towards the lease then its a win for me
Problem is that these are all more like a £5k lease, being £6.5k on the scheme but £3.5k after the salary sacrifice tax subsidy. If the tax subsidy gets modified in the budget then you may find you are paying more than you'd otherwise be able to get it on standard lease terms.
Seemingly these schemes are very profitable for the scheme providers, less so for the public purse, hence the likelyhood of amendment in the budget.
bennno said:
Problem is that these are all more like a £5k lease, being £6.5k on the scheme but £3.5k after the salary sacrifice tax subsidy.
If the tax subsidy gets modified in the budget then you may find you are paying more than you'd otherwise be able to get it on standard lease terms.
Seemingly these schemes are very profitable for the scheme providers, less so for the public purse, hence the likelyhood of amendment in the budget.
Interesting thoughts re the budget, I had been thinking about using my work salary sacrifice scheme over recent weeks. Will hold off and see what happens. If the tax subsidy gets modified in the budget then you may find you are paying more than you'd otherwise be able to get it on standard lease terms.
Seemingly these schemes are very profitable for the scheme providers, less so for the public purse, hence the likelyhood of amendment in the budget.
bennno said:
Problem is that these are all more like a £5k lease, being £6.5k on the scheme but £3.5k after the salary sacrifice tax subsidy.
If the tax subsidy gets modified in the budget then you may find you are paying more than you'd otherwise be able to get it on standard lease terms.
Seemingly these schemes are very profitable for the scheme providers, less so for the public purse, hence the likelyhood of amendment in the budget.
True say. I'll wait until next week and see what comes out of it. If the tax subsidy gets modified in the budget then you may find you are paying more than you'd otherwise be able to get it on standard lease terms.
Seemingly these schemes are very profitable for the scheme providers, less so for the public purse, hence the likelyhood of amendment in the budget.
zed0070 said:
autocrazy said:
OhMygoD what? Tesla model y sounds like a no brainer for a few quid more
It's over £70pm more than the Tesla. Most of the use would be school runs and shopping so wasn't sure whether there's any point of paying that extra £70Andy665 said:
NDNDNDND said:
Have you ever considered not buying a s
tty Chinese car that's built by a genocidal regime using forced labour?
You do realise that RHD Model Ys are built in Chinatty Chinese car that's built by a genocidal regime using forced labour?Gassing Station | Car Buying | Top of Page | What's New | My Stuff