General > Random Chat
Mileages - "High" or "Low"? Definitions?
pudding:
--- Quote from: Juliand on August 31, 2017, 02:25:33 pm ---
--- Quote from: Pudding on August 31, 2017, 11:13:00 am ---My 07 Ed30 is on 113K, so not far off the 12K pa average.
My commute is 30 miles a day, so 7000 a year just to and from work. I'm not sure where the other 5000 goes tbh, but it just does!
The leasing packages are engineered to suck people in, incentivise for keeping the miles low, and just generally play on the mind. "Oh it'll be fine, I'm sure we won't do more than 6000pa". Yeah right. I'm sure you won't put more than £500 on your credit card each month either :grin:
It's yet another finance bubble waiting to burst. Humans learn absolutely nothing it seems, even more so in todays' status and ego driven culture. Yeah we can afford £500 a month a diesel Q5. Do we need it? No. Will it look better on the drive next to the neighbours 4 year old Qashqai? Hell yeah. Done, sign on the dotted line.
--- End quote ---
Yep, my neighbour does the PCP / Lease thing on his Full Fat Range Rover Vogue; last one was £30k down and £1000 a month on 2 year contract. When he swapped it 2 months ago it was only 15,000 miles total, as he worked locally on developments at Sandbanks, with the car valeted every week by a mobile valeter. He's now got the Autobiography version, changed his job to doing more like 15,000 mikes a year. Goodness know what that will be costing him....... :thinking: His choice I suppose....
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£54K to rent a Chelsea tractor for 2 years :surprised: Fine if he can afford it, but incredibly wasteful. £54K buys you something pretty tasty outright, but it's not cool to be seen in an old car I suppose.....unless it's a rare one worth a fortune.
grey golfster:
Yep, my neighbour does the PCP / Lease thing on his Full Fat Range Rover Vogue; last one was £30k down and £1000 a month on 2 year contract. When he swapped it 2 months ago it was only 15,000 miles total, as he worked locally on developments at Sandbanks, with the car valeted every week by a mobile valeter. He's now got the Autobiography version, changed his job to doing more like 15,000 mikes a year. Goodness know what that will be costing him....... :thinking: His choice I suppose....
I'd bet it's not costing "Him" anything...in that all costs will be going thru the books of a Ltd co somewhere; we honest PAYE taxpayers will be subsidising it one way or another!
jealous - moi???
pudding:
Haha yeah. He'll almost certainly be paying a business lease and claiming the VAT back.....and the cost under 'company transport' or some such tax loop hole. It's good whilst it lasts.....but the IR always get you in the end, one way or another.
willni:
--- Quote from: Pudding on September 01, 2017, 09:28:33 am ---Haha yeah. He'll almost certainly be paying a business lease and claiming the VAT back.....and the cost under 'company transport' or some such tax loop hole. It's good whilst it lasts.....but the IR always get you in the end, one way or another.
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Friends an accontant and, you can't claim anywhere near as much as you used to be able to for cars or travel, think it's something like 10% on fuel and 20% on the vehicle obviously nothing to be snubbed at but really not worth it anymore.
I'm sure it's nice for some to own the newest cars but really there's nicer cars and better at that already made and cheap too from people changing to lease agreements Golf R people a prime example 18k miles at £18k
grey golfster:
mmmmm....
That sort of logic reminds me of my brother in law who several years ago chopped in his company 535 M sport estate, for a diesel Skoda as paying £400 a month BIK (for a fully serviced vehicle!) was "too much tax" = kn0b!
and imho a 20% discount (remember that money is worth 40% more if you had to actually earn it as PAYE - arguably 50% with Class 1 NIS?) on a new rangey every other year is a very considerable perk indeed!
at my guesstimate that's very much more than most of the cars on here are actually "worth"?
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