Soldato
so how much do you pay
Who is personal leasing for?
- Thread starter Sarduk
- Start date
so how much do you pay
How do you think your lease car is paid for? Not to mention the lease companies admin costs and all of those tax/service costs.
ALL funded by you.
Soldato
Yes but for some people its just less hassle to lump all in to one monthly payment and not worry about it I suppose. I would consider leasing if I just wanted a brand new car for business. I'm just not that way inclined tho.
Soldato
- Joined
- 4 Apr 2003
- Posts
- 8,052
Leasing or business PCP makes perfect sense, especially for those who get car allowances. A lot of car allowances have conditions that require a car 3-5 years old max and 4 seats. To buy outright, maintain a decent car in this time frame would cost a lot more in depreciations etc than to simply lease or PCP. If you buy at the end of this scale i.e. a 4 year old car then you would have to change it within the year or loose your allowance. With 3 year clauses, you never get to buy a car after its had the main depreciation but you would always be selling it when its lost its most value.
People receive this allowance as they need their car for business use of some description. Therefore it is an essential part of your job.
If you can't travel, you don't get paid. Thus the circle is complete.
Since I have been working for my company which pays the car allowance, I have looked into this a lot more and got others opinions.
Some prefer to own their own car, pocket the cash and set aside money for bills/services etc. Other prefer to lease. If you're a contractor or own your own business, it is tax deductable.
Lease hire is one of these things that doesn't make full sense or seem worthwhile until you are in a position to require it or benefit from it, then it all clicks into place. Some people wouldn't benefit from it and thus don't do it. Its very hard to explain all the benefits as they are situation to job and circumstances.
People receive this allowance as they need their car for business use of some description. Therefore it is an essential part of your job.
If you can't travel, you don't get paid. Thus the circle is complete.
Since I have been working for my company which pays the car allowance, I have looked into this a lot more and got others opinions.
Some prefer to own their own car, pocket the cash and set aside money for bills/services etc. Other prefer to lease. If you're a contractor or own your own business, it is tax deductable.
Lease hire is one of these things that doesn't make full sense or seem worthwhile until you are in a position to require it or benefit from it, then it all clicks into place. Some people wouldn't benefit from it and thus don't do it. Its very hard to explain all the benefits as they are situation to job and circumstances.
Soldato
Essentially you are funding the depreciation for the car over a certain term, it works better with prestige manufacturers such as MB, BMW, Audi.
You only have to look at the websites for examples of deals that are available to Joe Public.
Ie: You can buy a MB E320CDI Sport for less than £400 p month.
Thats a £40k car for less than £400 per month, to borrow £40k over 3 years your payments would be way in excess of £1000 per month.