So cars are expensive now, huh? (Leasing)

Its all bonkers.

Ive been waiting for a BMW 128ti since July 2021. Its due any day now. It was a good deal at the time, on a PCP with the same mileage & deposit, it was £100 a month less than a Hyundai i30N (with auto and swanky seats). Its a spectacular deal today as the car is much more expensive and at twice the interest rate. Ive been assured my current deal still stands, and i'm going to cause a proper scene in the showroom it that suddenly changes.

Another thing that irritates me, is that the arbitrary 40K "luxury car tax" hasnt moved with the times. If you buying a 60k car, it makes no odds, but i'm buying at that level where more and more cars, which arent particularly luxurious are hitting that price. they should move it up a bit really
 
The fact it doesn't move is half the point of the £40k+ tax - it was a high enough figure to be palatable at the time as everyone thought 'only rich people buy £40k+ cars' and then it gets left there for ages gradually collecting more and more revenue as more and more cars fall into it.
 
VincentHanna said:
I don't really agree with this, assuming you don't commute (like me)

Yes 10,000 ÷ 365 is "27 miles per day" and most people who drive only do 20 miles a day, and that includes commuting.

But if you are like me, then some days you don't drive at all and other days you do 200+ miles. Take out that pointless waste of time commuting the same roads day in, day out and suddenly the car you use to do 10K miles per annum in becomes a bit more important.
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I say this as my Polestar is having a dent repaired (someone knocked it whist the car was parked up) and I am driving a Fiat 500 courtesy car, which is as basic as cars come (no remote locking, no air con, hideously misted up inside - literally water falling on my head the other day)

So I appreciate my car even more than usual.

flea.rider said:
and people wonder why they can't afford life .. lol £5-700 a month on a car ??
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I can afford it, but also I appreciate value for money and £700+ isn't value for money.
 
I've been paying just over £250 on an electric Ioniq for nearly 2 years, luckily they let me extend for another year on pretty much the same terms as anything equivalent is nearly 50% more expensive. Hopefully sales slow in the intervening period and there's some decent bargains about otherwise I'll just buy a grotbox for running around in.
 
Worth bearing in mind, despite perhaps being commonly known as the 'luxury car tax', it's actual name is the 'expensive car supplement'.

Whether something is luxury or not, I expect plenty of people if polled would describe a £40k car as 'expensive' still.

Maybe not on this forum though, where we're all ballers and £40k is pocket change :p
 
It's not expensive compared to all the other new cars though. A base spec focus is 27k now.
Your average person would probably think 40k is a lot for a new car but I bet they would guess a new focus was 18k
 
MissChief said:
Most will have some sort of options.
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Not really, certainly not enough to make the average one cost more than £40k. Most things you'd want are standard - the options list doesn't look very big and with the exception of the Track Package even adding Driving Assistant, Head Up Display and a sunroof doesn't put the price into the £40k tax bracket.


The 'A Focus starts at £27k now' fact is interesting as well. It is true, the cheapest Focus is £27k. But the base model is now the trim level which used to be the top of the range Focus about 10 years ago! What they've done, as well as making it a bit more expensive, is remove all of the cheaper trim models entirely, which makes it look like prices have gone up more than they really have.
 
Lease prices have definitely gone up - started PCH on a Fiesta ST Line X a month ago at £212/month. Was paying £50/month less on a similar book value Astra before that.
 
VincentHanna said:
Yeah, lots of BEV's that aren't really luxury cars are 40k+

At the very least they could tie it to inflation.
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Why? Its a very easy way fro e govt in increse it tax revenue with hardly anybody complaining or kicking off about it. I can never see them increasing it from £40k to be honest.
 
Yup they won't increase it, more dough for them, similarly bet the Government is loving all these inflationary wage rises as ultimately has the same effect of pushing more people into higher bands paying more tax.
 
VincentHanna said:
I say this as my Polestar is having a dent repaired (someone knocked it whist the car was parked up) and I am driving a Fiat 500 courtesy car, which is as basic as cars come (no remote locking, no air con, hideously misted up inside - literally water falling on my head the other day)

So I appreciate my car even more than usual.
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Off topic but the clutch just went on this piece of **** courtesy car, and I am currently stranded in Southend.

When I rang the repair centre (whose courtesy car it is) they said "That's the second Fiat 500 that's done that"

It only has 3300 miles on the clock! I imagine people don't treat it well, as it's not their car though.
 
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