Small Business = Cheaper Car

schander

Hi,
I have just spoken with Peugeot dealer and he said that if I was a small business then he could offer me a discount(aprox £3591 14% :j ) on a car we are thinking of buying and we'd get 0% finance on it aswell. :rotfl:

The thing is that i'm not a small business but 3 of Brother-in-laws are. :T

Now my question is that is it worth me setting up a small Bussiness in paper just to buy the car?? If i did setup my own business then what are the things that i would need to do during the year, becuase it's not going to be used for anything. Even the finance doesn't have to go through the business, I just have to have a letterhead proving that i have small business( I think that it has to be a registered business).
I'm really tempted to set it up as I hope to become a IT contractor within the next 12 months or so. Or i could just ask on of my bro-in-laws to buy the car(register it in there name, we take the finance) then transfer the car to us, which means it will have 2 owners??

Anyways what do you folks think??

Satpal

ericthekidstoner

I'm in a similar position to yourself as in interested in setting up a company

what type of car is it?

schander

ericthekidstoner wrote:

I'm in a similar position to yourself as in interested in setting up a company

what type of car is it?

It is a Peugeot 407 V6 auto Exec saloon(to be called GT from 1 Nov).

Thanks
satpal

motorguy

https://www.broadspeed.com are offering a full UK 407 V6 GT for £19078 - a full £5400 off list price and it will come from a uk dealer, and thats with no requirement to have a small business.

johnllew

Try Pat Lawless at Carfile: http://www.carfile.net/default.asp

I've used them before - excellent deals and very friendly. They often feature in What Car as the best broker.

schander

pgilc1 wrote:

https://www.broadspeed.com are offering a full UK 407 V6 GT for £19078 - a full £5400 off list price and it will come from a uk dealer, and thats with no requirement to have a small business.

Not sure that I will get the 0% finance, via Peugeot, that i'm looking for if i was to go through this company. I have put in an enquiry though to check.
Thanks

johnllew wrote:

Try Pat Lawless at Carfile: http://www.carfile.net/default.asp

I've used them before - excellent deals and very friendly. They often feature in What Car as the best broker.

This is who i have gone through. My dad bought his Picasso through Pat. Great service.

Thanks
satpal

motorguy

johnllew wrote:

Try Pat Lawless at Carfile: http://www.carfile.net/default.asp

I've used them before - excellent deals and very friendly. They often feature in What Car as the best broker.

Are their cars not imports though?

motorguy

schander wrote:

Not sure that I will get the 0% finance, via Peugeot, that i'm looking for if i was to go through this company. I have put in an enquiry though to check.
Thanks


This is who i have gone through. My dad bought his Picasso through Pat. Great service.

Thanks
satpal

With Broadspeed, the Peugeot dealer who can sell for that price contacts you and arranges it from there, therefore you may well be able to swing a finance deal too as you are still buying a uk from a uk dealer....

Pennywise

Are you sure it is a "real" discount? Or are they inferring that the car would cost 14% less if your were a business on the basis that they think you could reclaim the VAT charged? (which is a common error!). I have heard this before from some unscrupulous car salesmen. Otherwise there is no reason why they should charge less and the 14% is suspiciously close to the amount of VAT if you work backwards from the VAT inclusive selling price. Just a thought!!!

schander

pgilc1 wrote:

With Broadspeed, the Peugeot dealer who can sell for that price contacts you and arranges it from there, therefore you may well be able to swing a finance deal too as you are still buying a uk from a uk dealer....

I really hope that is possible as they car way cheaper than anywhere else espically considering you don't have to prove that you are a business. Anyway I have spoken to broadspeed and they guy said he would get back to me.

pgilc1 wrote:

Are their cars not imports though?

Carfile do not import cars, they fax there speicfic Peugeot dealer who then contacts you, so it a pukka UK car.

Pennywise wrote:

Are you sure it is a "real" discount? Or are they inferring that the car would cost 14% less if your were a business on the basis that they think you could reclaim the VAT charged? (which is a common error!). I have heard this before from some unscrupulous car salesmen. Otherwise there is no reason why they should charge less and the 14% is suspiciously close to the amount of VAT if you work backwards from the VAT inclusive selling price. Just a thought!!!

Well I spoke to the salemans at the dealers again this monring to make sure that I wasn't get a mixed message. He clearly said that if i was registered company and could provide a letterhead with a directors name on it I would get the discount and the 0% finance on the deal, without getting the finance through the company, and the price was including VAT.
We have just done a test drive on the car at another peugeot dealers and the sale guy there said that if we got the small business discount then he couldn't do the 0%, I not sure how the other Peugeot salesperson is swinging but he is.

Thanks
satpal