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New Company Car
Hiya looking for some suggestions please!
Company car is up for renewal in may been told i can spend in the region of 18000GBP, cannot be a convertible and must seat 4 ppl! Other than that i have a free hand. Now suggestions are welcome but also would i just look at cars that are new and worth that amount or do you reckon it should be a HP deal or what? I dont have to source the car just let the manager know what i want and he will get it:)
Cheers for any advice or suggestions ( and yes i know about tax issues etc !)
Cheers
Sal
Company car is up for renewal in may been told i can spend in the region of 18000GBP, cannot be a convertible and must seat 4 ppl! Other than that i have a free hand. Now suggestions are welcome but also would i just look at cars that are new and worth that amount or do you reckon it should be a HP deal or what? I dont have to source the car just let the manager know what i want and he will get it:)
Cheers for any advice or suggestions ( and yes i know about tax issues etc !)
Cheers
Sal
Mortgage free wannabe! No idea on date yet! £132,350 TBC
Loan paying off May 2022 £7000
Loan paying off May 2022 £7000
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Comments
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Can you buy second hand? You will get something a lot nicer around a year old as it will be a £25k car new for example
Downside as you say will be the tax will still be based on new price
Some of the 1 and 3 series BMW's are very good on emmissions (petrol and the diesel versions) so could fall into that category providing you can buy second hand0 -
sunshinetours wrote: »Can you buy second hand? You will get something a lot nicer around a year old as it will be a £25k car new for example
Downside as you say will be the tax will still be based on new price
Some of the 1 and 3 series BMW's are very good on emmissions (petrol and the diesel versions) so could fall into that category providing you can buy second hand
It's an interesting idea. I once worked for a company that provided its salesmen with 12-18 month old BMW 3 series rather than new Cavaliers / Mondeos. The salesmen thought it was great and the company saved loads in depreciation.0 -
Hiya looking for some suggestions please!
Company car is up for renewal in may been told i can spend in the region of 18000GBP, cannot be a convertible and must seat 4 ppl! Other than that i have a free hand. Now suggestions are welcome but also would i just look at cars that are new and worth that amount or do you reckon it should be a HP deal or what? I dont have to source the car just let the manager know what i want and he will get it:)
Cheers for any advice or suggestions ( and yes i know about tax issues etc !)
Cheers
Sal
So £18000 limt is the manufacturers list price?"You were only supposed to blow the bl**dy doors off!!"0 -
Depends on how your scheme work, my last companies scheme involved giving you a long list of cars and their "values" and you had to pick one off the list.
The last company car I went for was a golf tdi. Rediculously good mpg (60+ mpg on long trips), seated 4 comfortably, lovely to drive. But I think the list on that was 22k?0 -
I would go for a 1979 Fiat Strada in Blue, the 75hp model gives a good mix of dodgy trim, breakdowns and snail like performance."We want the finest wines available to humanity, we want them here, and we want them now!"0
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If you go here http://www.comcar.co.uk/newcar/companycar/taxcalc/g1select.cfm you can check the tax liability. The amount can vary considerably for the same value cars because of the emissions figures.IT Consultant in the utilities industry specialising in the retail electricity market.
4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).0 -
If you can get a 1 yr old car you can get some good motors. The BMW 3 series is a good shout, VW Golf. Might be worth looking at the New Accord and Mazda 6.
Failing those, that Fiat mentioned above sounds like a DREAM motor...0 -
It's an interesting idea. I once worked for a company that provided its salesmen with 12-18 month old BMW 3 series rather than new Cavaliers / Mondeos. The salesmen thought it was great and the company saved loads in depreciation.
Yep we've done it for years and it works great. Downside as I said is the increased tax for staff due to increased list price0 -
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