New car options:

[TW]Fox said:
That works out at £370 a month and does not include maintenance.

So, where can you lease a fully maintained one for less than £300 a month? I think the answer is 'nowhere'.
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Even at £370 it's still less than £650...
 
You also need to factor in P11D costs on that car versus the P11D on an electric...

OP what job do you do, how big of a car do you need?

Could you consider something like the EV9?
 
Is my maths wrong? At £35k new can't you buy one and own it in 54 months at £650pm?

Obviously you have to factor in insurance and maintenance, but you also get resale value too?
 
Begbie said:
Is my maths wrong? At £35k new can't you buy one and own it in 54 months at £650pm?

Obviously you have to factor in insurance and maintenance, but you also get resale value too?
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You are excluding financing charge which over 54 months will be considerable (especially at todays rates).

[TW]Fox said:
£650 as a net amount does seem incredibly expensive. So much so that you should probably check you've got the numbers right.
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Obviously provider dependent but for me I can get an XC40 for £530 month (base model 175kw recharge 69kwh). For £650 month I am getting a 300kw twin ultimate 82kwh. This is net impact too; so actual amount sacrificed on the expensive one is £1,050 lol. I guess it is a 70k+ car.
 
dlockers said:
You are excluding financing charge which over 54 months will be considerable (especially at todays rates).


Obviously provider dependent but for me I can get an XC40 for £530 month (base model 175kw recharge 69kwh). For £650 month I am getting a 300kw twin ultimate 82kwh. This is net impact too; so actual amount sacrificed on the expensive one is £1,050 lol. I guess it is a 70k+ car.
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P11D is just under £62k, not 70+. Also your scheme is way better than ours, seeing almost £1.5k p/m gross on that model, or around £900 net. Mental! Need a lot more than free charging at work to make that make sense.
 
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Diddums said:
£650 a month for an entry level SUV. Absolute insanity :eek:
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Assuming it’s the dual motor ultimate spec then it’s not exactly entry level - 408bhp and virtually every tech/spec option included.

Just make sure you get the 2024 model as it’s much improved over the 2020 version.
 
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MagicUK said:
Hello. The time has some to look at a new car. I’m wondering what option to go with as correct choice. The wife is thinking to do salary sacrifice on a Volvo xc40 working about £650 a month. The other option is though my LTD company. Need a ULEZ vehicle anyway and she works from home in the week and a few site visits. I’m looking at an EV and would look at a Volvo also. Obv I need a decent size boot to carry parts and some tools for doing my work plus quoting. Any advice appreciated.
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heard great things about the xc40 recharge . for me the cupra born would have to be worth a test drive , as well as the MG4 if you want a little cheaper.
what is the lease deals on the model Y like? I only ask because my mate claims.he got a phenomenal deal on one at the end of last month, it's delivered in September.
 
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ahenners said:
P11D is just under £62k, not 70+. Also your scheme is way better than ours, seeing almost £1.5k p/m gross on that model, or around £900 net. Mental! Need a lot more than free charging at work to make that make sense.
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I have a colleague whose company offers a tier system. They pay like 500 gross exchange for an ipace. Jealous!
 
dlockers said:
I have a colleague whose company offers a tier system. They pay like 500 gross exchange for an ipace. Jealous!
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I would love some form of company car scheme... sadly I am no where near important enough to get one. the joy of scientific research in academia, so I have to pay the going rate :(
 
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