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Adding car into tax rebate

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Comments

  • 08kumars
    08kumars Posts: 42 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    I couldn’t gather*^
  • Grumpy - I know nothing about the insurance side but should say that the £8200 was just me depreciating the car at 18% after one year!
  • 08kumars
    08kumars Posts: 42 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    Well 400+miles per week 
  • Grumpy_chap
    Grumpy_chap Posts: 20,095 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 22 January 2024 at 2:51PM
    Grumpy - I know nothing about the insurance side but should say that the £8200 was just me depreciating the car at 18% after one year!
    Aaah - perhaps I mis-read and took the £8.2k as the OP's estimate of value rather than the accounting "book value".  It now seems like the OP had the car for 1 1/2 years and covered something like 25k miles, so that would depreciate at more than the accounting "book value".
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