The taxman & company cars
Discussion
Right,
It's time to get a company car & I don't want to pay the earth in tax every month. I need to cart myself, the missus, the pooch & a few overnight bags round normally, so a two seater is out. I don't want to be paying too higher a tax rate or too much tax on the value of the car & the car must be a reasonable sum on contract hire for my company. So, say up to £18k list, no more than 25% tax in the first year, a decent boot & a decent drive.
Answers on a postcard please.
It's time to get a company car & I don't want to pay the earth in tax every month. I need to cart myself, the missus, the pooch & a few overnight bags round normally, so a two seater is out. I don't want to be paying too higher a tax rate or too much tax on the value of the car & the car must be a reasonable sum on contract hire for my company. So, say up to £18k list, no more than 25% tax in the first year, a decent boot & a decent drive.
Answers on a postcard please.
If you can exchange the car for an allowance, then I would seriously consider this option - otherwise you spend the allowance that you could have had as cash (taxed admittedly) then you get taxed on the car you lease too. So you effectively pay twice.
Anyway if you do go the company car option I go with the previous posts - even a Land Rover Defender without rear windows is classed as a van - so its £500 fixed tax. If thats too agricultural, I'd go for a Passat 1.9TDi, a Laguna 1.9DCi or maybe the Skoda Octavia RS/Alfa 2.4 JTD if you can find a decent lease price (I couldn't).
Do you get the option of a fuel card? I reckon mine saved me thousands - though you have to make sure you're gonna do the private mileage first.
Anyway if you do go the company car option I go with the previous posts - even a Land Rover Defender without rear windows is classed as a van - so its £500 fixed tax. If thats too agricultural, I'd go for a Passat 1.9TDi, a Laguna 1.9DCi or maybe the Skoda Octavia RS/Alfa 2.4 JTD if you can find a decent lease price (I couldn't).
Do you get the option of a fuel card? I reckon mine saved me thousands - though you have to make sure you're gonna do the private mileage first.
Well, I'd been thinking along the same lines.
Skoda RS is good on emissions but the missus is a bit of a badge snob. VW Golf Tdi 150 priced up pretty well, the Alfa looks nice but doesn't match the emissions of the VAG group TDIs. CTR (my current private car comes out at 24% & the company can lease at £380 + VAT including maintenance over three years at 30k/annum. Of course this increases to 26% & 28% in the next two years. Audi A3 130tdi should sort the badge snob out. BMW compact TD has 150BHP & RWD if budget allows but it is a bit ugly.
Skoda RS is good on emissions but the missus is a bit of a badge snob. VW Golf Tdi 150 priced up pretty well, the Alfa looks nice but doesn't match the emissions of the VAG group TDIs. CTR (my current private car comes out at 24% & the company can lease at £380 + VAT including maintenance over three years at 30k/annum. Of course this increases to 26% & 28% in the next two years. Audi A3 130tdi should sort the badge snob out. BMW compact TD has 150BHP & RWD if budget allows but it is a bit ugly.
Or buy my Landrover, now up for sale, as that's exactly what I've been running as a company car for the last 3 years...
[url]www.pistonheads.com/ads/adverts.asp?s=53[/url]
[url]www.pistonheads.com/ads/adverts.asp?s=53[/url]
Gassing Station | General Gassing [Archive] | Top of Page | What's New | My Stuff