When are you going fully electric?
- Thread starter Ricochet J
- Start date
Don't forget company car
Company car drivers get an absolute bargain, assuming the lease companies can get their (rather conservative, profit-driven) heads around better residuals, fewer breakdowns and far less frequent servicing. The BIK and Class 1A National Insurance savings make Teslas equivalent to BMW for instance.
Company car drivers get an absolute bargain, assuming the lease companies can get their (rather conservative, profit-driven) heads around better residuals, fewer breakdowns and far less frequent servicing. The BIK and Class 1A National Insurance savings make Teslas equivalent to BMW for instance.
Similar findings here after switching to Octopus Energy intending to use the Agile tariff. However Go is proving to be a very good tariff for me. ~800 miles per month and an average of 8.59p/kwh over the last 125 days. 25% saving compared to the Agile tariff which has not come down as expected over time.
I find Octopus are inconsistent in working out the bills. The underlying data collection system is pants so I use Octopus Watch App to view my stats. You can see the missing days in the data which eventually gets collected and then Octopus can calculate the bill.
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Soldato
- Joined
- 25 May 2008
- Posts
- 3,901
- Location
- North Wales
tbf they've been around this price since it was launched last year, could normally find one for just under 20k but they've all disappeared in the last few weeks.
Will be interesting to see the new 'long range' model in a couple of months with it's 60kwh battery and 249 mile range and adaptive cruise control. Doesn't look like we're getting the visual facelift like the euro cars which is a bit disappointing.
Just looking a bit more into range figures, and realised we get the "combined" figure quoted. Didn't realise how much bigger the range was for city driving, seeing more than 20% uplift in some cases! This certainly helps as the majority of my driving will be "city" driving, commuting into work 3 days a week which is mostly just traffic light then stretch of 30, traffic light, stretch of 30, rinse, repeat.
+1 on shame the MG5 isn't get the facelift for UK. That's really not great, but the 250 mile combined range will hopefully give 200-210 real-world motorway range which may be enough to consider over paying a lot more for an iD.3, for example.
+1 on shame the MG5 isn't get the facelift for UK. That's really not great, but the 250 mile combined range will hopefully give 200-210 real-world motorway range which may be enough to consider over paying a lot more for an iD.3, for example.
The only reason I drive an EV is that the BIK rates make it insanely cheap.
Yep, did a lease check through work salary sacrifice and here is a rough comparison. For 10,000 mile 3 year lease monthly rates.
Ford Fiesta basic petrol model £222
Nissan Leaf ~£240
Hyundai E Kona 64kw version, premium spec with ~250 miles range. £240
Audi A1 basic petrol model £330
Audi Q4 77kw model with ~250 miles range. £360
When you factor in the savings on petrol the EV cars are cheaper to run. I went with a budget in mind rather than like for like comparison.
But a Q4 E-Tron 77kW model compared to an A1. I know what car I would prefer for ~£350 per month.
Ford Fiesta basic petrol model £222
Nissan Leaf ~£240
Hyundai E Kona 64kw version, premium spec with ~250 miles range. £240
Audi A1 basic petrol model £330
Audi Q4 77kw model with ~250 miles range. £360
When you factor in the savings on petrol the EV cars are cheaper to run. I went with a budget in mind rather than like for like comparison.
But a Q4 E-Tron 77kW model compared to an A1. I know what car I would prefer for ~£350 per month.
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Does that include P11D savings versus the petrols?
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Yes, hence why the prices are as they are. It's really not anything like a level playing field.
Well if it continues to reduce localised pollution, brings lots of vehicles in at the top of the funnel for used cars, I don't really see an issue
Assume you based the running cost of the EV's on a home charger?
Where on earth do you work to get such cheap rates? I just did the same spec for a Kona, 10k miles and 3 years, even chose solid paint to keep the price down:
Hyundai KONA SUV 0.0Electric 64kWh 204 Premium 10.5kW Charger Auto
- Amount taken from gross salary:
£715
- Income Tax saving:
-£134
- National Insurance saving:
-£86
- Pension contribution saving:
-£46
- Benefit in Kind:
+£6
- Effect on net salary:
£455
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Kona's are only ££269.74 per month to lease, depending on mileage. Suprised its as much as £240 under salary sacrifice, suppose he must have gone for higher mileage?
https://www.leaseloco.com/car-leasi...kw-premium-64kwh-5dr-auto/29496/2-36-5000-3-0
Still only £339 per month for 10,000 miles with one payment up front.
Yea sorry I edited to say I did three years and 10k miles. Maybe my salary sacrifice provider is just crap?
Yea sorry I edited to say I did three years and 10k miles. Maybe my salary sacrifice provider is just crap?
Salary sacrifice would cost you £116 more than if you paid for the car yourself!!!
Your company are making a profit from you!
Better to keep yopur salary and just lease one. You will also still get £46 a month going into your pension
It won’t be as straightforward as that - company cars generally have insurance and maintenance included which could easily swallow the difference.
Different employers use different lease car providers and some also subsidise behind the scenes (especially EVs as it gets their fleet CO2 down). Tax savings can also vary greatly depending on 20/40% tax payer etc. It’s difficult to compare.
Different employers use different lease car providers and some also subsidise behind the scenes (especially EVs as it gets their fleet CO2 down). Tax savings can also vary greatly depending on 20/40% tax payer etc. It’s difficult to compare.
Maybe not but no way should it be costing £376 per month more. Even maintenance and insurance yourself, you still wouldnt be gaining anything from salary sacrifice in his case.
Its just a very very poor deal from his employer IMO
EDIT: Just checked my work and fully insured and full maintenance it would be £444 gross so under salary sacrifice it would be £283.80 per month net for a 20% tax payer.
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Our company are just launching salary sacrifice for EVs and everyone is getting excited about the wonderful tax savings they'll be able to make if they get one - i'm interested to see it but have a suspicion that the lease rates on offer will be inflated compared to 'market rates' to the point you'll effectively be paying the same as you would in the retail market.