Time for a new Company Car, Volvo? Seat Exeo
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[TW]Fox;21377411 said:But you must have driven another 170 before deciding you wanted it, right? Otherwise how did you decide you wanted to buy it without knowing what its like
Nope
Driven my mothers 140 auto and decided I thought it would do for my needs but wanted the manual. The 170 was what I asked a dealer friend to look out for.
The Exeo is A4 B7 based yet the common rail was from B8 onwards so the Exeo seems to get the later gen engines. They all have the dreaded DPF though (Diesel particulate filter - not sure what the issues are but basically do short journies, DPF gets clogged, costs a grand to fix/replace??)
The 170 A4 I mention above has one of these DPF things but will probably have it removed when its mapped.
[TW]Fox;21378862 said:
£15,840 @ £330 p/m
Then he has to hand the car back.
How much would a 520d depreciate in 4 years? The sensible option is to get the Volvo for £7,200 @ £150 p/m. I personally would find it very hard to justify paying more than double for the 5 series...
But if he was buying it himself then he would at least keep it if he left the company.
Every company I have worked for will normally allow upgrades like this but make you liable for the cost above the allowed rate for the entire duration of the contract. This could mean having to pay for a car you no longer drive if you leave the company. Keeping the contribution value down helps protect you in the event you leave.
Contract at my company does not stipulate this is only if I choose to leave so I could effectively be forced to pay the contribution if I was made redundant or sacked. That £180 looks even bigger when you effectively have nothing to show for it at all.
Every company I have worked for will normally allow upgrades like this but make you liable for the cost above the allowed rate for the entire duration of the contract. This could mean having to pay for a car you no longer drive if you leave the company. Keeping the contribution value down helps protect you in the event you leave.
Contract at my company does not stipulate this is only if I choose to leave so I could effectively be forced to pay the contribution if I was made redundant or sacked. That £180 looks even bigger when you effectively have nothing to show for it at all.
You would lose more than 15k over 4 years on a new 520d. Plus his rate will include tyres etc which he would have to pay for himself if he bought his own.
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£180 extra a month is a lot I'd say for what is a near base model 5 series I'd go for the Volvo, other brands are catching up to BMW imo, true you would pay more in terms of depreciation on a new 5 series but not on a auc one which is essentially the same thing, the new model is pushing 2 years old now.
How is the scheme worked out? Is it emissions based etc..
I would be basing my car choice on the nicest car I could possibly get for the money. For example the Volvo is £150 a month, if I could get a fully kitted Mondeo for the same price then my money would go there.
When the car is purely for work purpose, my priorities are gadgets, comfort and a nice cabin to sit in.
I would be basing my car choice on the nicest car I could possibly get for the money. For example the Volvo is £150 a month, if I could get a fully kitted Mondeo for the same price then my money would go there.
When the car is purely for work purpose, my priorities are gadgets, comfort and a nice cabin to sit in.
Think all Company car schemes now are based on Benefit in Kind (BIK) schemes where you get taxed on the P11D value of the car. The percentage you pay depends on the CO2 emissions.
The taxable percentage just increased this year and is going up again over the next 2 years.
It increases 1% for every 4g/km CO2 emissions so a 175-179 g/km emission car would be 25% for a Petrol and 28% for a diesel. 180-184 g/km emission would be 26% and 29%.
Increasing by 1% next year and 1% the year after so in 2014 175-179 g/km will be 30% on a diesel.
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Wohoo - I've got an Exeo SE Tech saloon - perfect workhorse/family trolley.
Only one critisism really is that the legroom in the back is tight/ish - it's exactly the same as the 325 saloon - there aint much to play with but I only carry my girls in the back so it's never been a major issue for me. If you carry adults in the back regularly it's possibly not the right car.
Everything else is spot on - of course it's dull as Please fully star swear words to drive - but it's doesn't bother me one bit - it does the job. I'm not interested in tidy handling when I spend most of my life on the motorway or stuck in city traffic @ 10mph.
I think I pay about £100 a month in tax on it.
Only one critisism really is that the legroom in the back is tight/ish - it's exactly the same as the 325 saloon - there aint much to play with but I only carry my girls in the back so it's never been a major issue for me. If you carry adults in the back regularly it's possibly not the right car.
Everything else is spot on - of course it's dull as Please fully star swear words to drive - but it's doesn't bother me one bit - it does the job. I'm not interested in tidy handling when I spend most of my life on the motorway or stuck in city traffic @ 10mph.
I think I pay about £100 a month in tax on it.
Normally you are right to look at it in this way - you pay a pile for a lease and never own it. But this is a subdisied lease, so the own thing is a red herring thats clouding your view.
4 years is a long time - if he bought his own car and owned it he'd probably sell it after 4 years. Therefore, to OWN the car for 4 years:
New price + servicing and tyres - selling price = total ownership cost.
Yet for his company car:
Monthly cost x 48 = total ownership cost.
The second option is less. If you want to own the car you can usually buy them off the lease company when the lease expires anyway - for less than retail rates. Therefore even paying for the company car for 48 months and then paying sub retail value for a 4 year old 520d ends up with you OWNING the car yet paying a huge pile less money than buying one now.
What I'm saying is that this is an opportunity to have a car as nice as the 5 Series for far less than it would usually cost, regardless of the relative cost of other choices. Therefore its worthy of consideration, at least, on this basis.
Think how much you'd pay to run your own car and then use that to compare the cost. I bet most of us spend nearly 300ish a month just running our own cars! His subsidised deal really is very good. Its barely any more per month on average than its cost me to own my 5 Series and I bought mine for a good price when it was 4 years old!
The deal is very good I admit, but its still a base model 4 pot diesel.
The reality is, I would always be driving a company car, my career is such, so I would never look to buy the car after 4 years, and in my experience,people generally dont get a discounted price to buy them anyway now.
Ive had a drive of the volvo today and its a nice car overall, but not as big as i thought in the back and its got a horrid gearchange, 5 pot diesel is a plus though.
The reality is, I would always be driving a company car, my career is such, so I would never look to buy the car after 4 years, and in my experience,people generally dont get a discounted price to buy them anyway now.
Ive had a drive of the volvo today and its a nice car overall, but not as big as i thought in the back and its got a horrid gearchange, 5 pot diesel is a plus though.
I was suprised at the boot capacity figures for the V60 compared to my Saab saloon - I guess if you want a Volvo load lugger they want you to buy the V70.
[TW]Fox;21379760 said:
You make a very good point, and a subsidised lease scheme can be very good sometimes. Especially when you are saving a bucket load if you actually wanted that specific car.
I however would prefer to purchase the car and for it to be my own asset. Thus allowing me to do whatever I please with it e.g. remap, lowering, track days etc..
Suppose the best compromise would be a superb lease scheme with a weekend toy. And if I were to ever be given the chance I would take that sort of deal