vwdeviant 0 Posted July 23, 2008 Ok have a chance to possibly lease a car with work. Allowance will be £325 (plus mileage) So was thinking either a Golf or (and I know I said I don't really like it) a Scirocco, possibly a Seat Cupra or Skoda VRS. What are the pitfalls in leasing a car and do I need to remove things like servicing and insurance from the equation? Also will I get an option to spec the car to what I ant or will it just be a Boggo-stock no-toys version? Sorry for Newbie questions but not leased a car before.. Or anything else I should look at (Alfas? :nuts: ) Quote Share this post Link to post Share on other sites
Andy665 0 Posted July 23, 2008 Hi Having worked in the motor finance industry for 18 years I'm reasonably placed to give some advice, drop me a PM and I'll guide you through things if you want to. Andy Quote Share this post Link to post Share on other sites
mariojoshi 1 Posted July 23, 2008 Personally, I'd get the practical thing you can! (The Skoda!) Be sure to remember the tax implications of this... it ain't exactly free. Quote Share this post Link to post Share on other sites
vwdeviant 0 Posted July 23, 2008 Personally, I'd get the practical thing you can! (The Skoda!) Be sure to remember the tax implications of this... it ain't exactly free. PMSL Practical... Yeah join the Yeti school of estate motoring! :lol: Josh When have I ever beem practical! Hmm... can you get Split vans on leasing deals? :confused4: Quote Share this post Link to post Share on other sites
Richie_FSOB 0 Posted July 23, 2008 A lot of the questions you are asking will depend on your company policy. Your fleet manager will be able to advise on what models you can have, if you can spec them up, and whether they have a full maintenance contract with their supplier etc etc. A lot of companies now are limiting the choice of vehicle in order to get better discount terms with manufacturers, so this may limit you. I work for a large leasing company, and we are lead by client company policy mostly. Quote Share this post Link to post Share on other sites
mariojoshi 1 Posted July 23, 2008 Hehehe, true enough Jon, true enough. I just stole your signature. Big nomad love! Quote Share this post Link to post Share on other sites
vwdeviant 0 Posted July 23, 2008 Well scouting about I might be able to get an R32! Semi-sensible in 5-door! :lol: Quote Share this post Link to post Share on other sites
Sonicriot13 0 Posted July 23, 2008 How could you even consider ruining an R32 by getting a 5 door? Shame on you. :nono: Quote Share this post Link to post Share on other sites
Andy665 0 Posted July 23, 2008 An R32 for £325 a month, you or the company must be putting up quite some deposit Quote Share this post Link to post Share on other sites
vornwend 0 Posted July 23, 2008 I'm about to go down this route but as others have said its probably got a lot to do with your company's policy. In terms of tax whatever you pay for the lease above the allowance(including any contribution to insurance, admin, etc) will reduce your p11d tax calculation as its regarded as your contribution for private use. P11d value is based on the list price of the car multiplied by its tax rate (based on CO2 emissions). Final P11d value is then multiplied by your normal tax rate (22 or 40%) to get to the final value the tax man will want to extract from you. Hypothetical Example: List price £20,000 Emissions Tax rate 20% Your tax rate 22% Private contribution £500/yr or £42/mth Initial P11d Value £20,000 x 20% = £4,000 Less your contribution = £3,500 Your tax liability = £3,500 x 22% = £770 = £64/mth Total cost to you = £106/mth Quite a few boring restrictions in my company's policy (must have 4 doors, must be below 220gm/km, not sporty, must be "appropriate for the image it wants to convey" etc etc ) as well as wanting to keep the cost as low as possible were the reasons behind me chosing a Golf 1.9 TDI Blue motion. Emissions on this model are just below 120gm/km so qualify for the very lowest rate of tax at 13%. Works out really cheap for me but I obviously don't get anything to write home about (only 105bhp) but it will be a work horse while the C gets preserved for sunny days and shows. Up to 74 MPG also means I'll save quite a bit on petrol money for the private miles I choose to drive in the Golf. There are probably other complications depending on your scheme but pretty sure this is the way to calculate the basic costs. Quote Share this post Link to post Share on other sites
vwdeviant 0 Posted July 24, 2008 Yeah will see what they say... Previous company kept moving the goalposts when I was choosing... Start: Them: Must be diesel and not BM or Merc (Manager/Director only) Me: OK Audi A3 130TDi Quattro please Them: Or Audis Me: OK Passat 130TDi Sport Them: No Me: Seat... Them: No. Me: Skoda Octavia TDi? Them: No German cars Me: Grr.. OK Alfa... Them: Or Italian Me: What! Ok Let me go and look again.. a week and some test drives later.. Me: Ok Mazda 626 Di Sport Them: Or Japanese... Me: WHAT! That's 3/4 of the market what do you suggest? Them: Well Renault and Peugeots are popular.. Me: OK what about a Saab 93 Tdi? Them: No Saabs are Managers cars! Me: But it's a Vauxhall! OK look I'll have to drive this for the next 3 years/100k+ why can't I chose a reasonable car that I like? Them: French cars are very good these days... Turns out the Fleet director had struck a deal with his local Pug/Renault garage... :bad-words: So I went and found another job... Quote Share this post Link to post Share on other sites
mariojoshi 1 Posted July 24, 2008 hahahahahaaha! Quality! Get a Frogmobile and I'll start calling you Pinky! Quote Share this post Link to post Share on other sites
