Yes and the the base price of the lease on the vast majority of cars I priced through the portal was considerably higher than what I could get by going private after factoring in the other relevant costs costs (insurance, servicing etc.) I’d need to pay on a private lease/PCP.BIK is half. Big number on 8% BIK, per month
40k+ car is £40 a month
Are you even on a SS ? They are massively competitive especially 60-45% tax band
The difference in price between private and SS after the tax incentive isn’t anything like you’d expect given how much tax you are meant to be saving.
It was only competitive because of the tax incentive. When you reduce (and eventually remove) the tax incentive, you take away their pricing advantage. It will not take much to swing things back in favour of taking the cash and buying your own car as it was before. Yes it will take a lot more at if you are in the 60% marginal band due to the silly tax system but that not really impacting the vast majority of the salary sacrifice market.
I feel like I’m repeating myself.
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