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Car prices

gintonic said:
ICE for us next, last one before retirement? waiting for the dealer to run some numbers, looks like more equity in the Targa than we thought.....
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If you're buying new, you'll benefit from higher prices from the buoyant used car market.
 
The BIK was a huge part of me getting an EV, I am saving £600 a month currently. I know it will rise but not significantly for the life of this lease (max 2%) so I am good. My last ever company car will be in 2024 and again it will be driven (LOL) by BIK levels.
 
I need to validate but back of a fag packet maths tells me I can buy an EV and fully offset against corp tax (19%, rising to 25% in 2023). If I bought one personally, I’d need to pay the funds at a div rate of 33.75% from April 2022. I’d have to pay 2% BIK on the value of the EV from April 2022. Rough and tough, this makes an EV half price. Plus, I can sell my 2 year old Subaru for not far off what I paid for it. What am I missing?
 
Fag packet numbers are about right Ponty, ignoring dividend allowances etc. If you fancy a new EV then it's probably as good a time as it ever will be - if you can get one!
 
I’ll get the house move done first then take a serious look. It strikes me there is probably a few years of decent tax breaks before they start being reduced.
 
See if you can get it charged at work (grants available for install) and I think an allowance is / was possible for charging at home?
Free miles are useful.
 
Ponty said:
I need to validate but back of a fag packet maths tells me I can buy an EV and fully offset against corp tax (19%, rising to 25% in 2023). If I bought one personally, I’d need to pay the funds at a div rate of 33.75% from April 2022. I’d have to pay 2% BIK on the value of the EV from April 2022. Rough and tough, this makes an EV half price. Plus, I can sell my 2 year old Subaru for not far off what I paid for it. What am I missing?
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I think the only downside is you have to drive an EV :) :)
 
Had a Tesla M3 for just over a week now. It's a surprisingly good car to drive with that low centre of gravity and RWD propulsion. The infotainment thing is a hoot too, especially the voice controlled stuff.

Total no brainer on a company lease IMO. Probably the reason why they're absolutely everywhere nowadays. Especially if you can charge it for free.

Figures tell a story......

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It does seem a no brainer. I can’t charge it for free but struggling to find the catch. TSLA to the moon!
 
Ponty said:
It does seem a no brainer. I can’t charge it for free but struggling to find the catch. TSLA to the moon!
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Range. Especially in cold weather.
If you find one that works for you on that - as you say NB.
Unless you miss the sound of an inline 6 or V8..
 
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