x5 spec

Skidder · 6 Aug 2015 at 14:55

It's car change time. Actually it's past time, the balloon payment went out on my current car this week.

I've started a couple of threads on here over the past couple of months, debating things from older range rovers / sports or a move to a Cayenne or a Macan (or if I had my way entirely then a non-Suv could be on the cards) but all that aside, I think we've decided on another X5.

I have a contact at BMW finance who is able to do me a good deal again and I can contract hire without BIK as I am a partner in an LLP.

So the X5 is pretty well specced as standard but I think M Sport is probably worth it for the electric seats, looks and wheels. The entertainment type stuff seems fine as is with professional nav but I think one peg up on the speakers (business) is probably worth it. I also want a panoramic roof as I like the light.

Anything I am really missing out on with just those options? I'd quite like 3rd row seating but only remember using it two or three times in the last 3 years I've had it.

Dr House · 6 Aug 2015 at 15:04

What the overall cost of ownership not be much lower over say 3 years if you took a bank loan and bought a Macan?

Also if you buy a Cayenne hybrid you are allow 100% depreciation in the first year.

Skidder · 6 Aug 2015 at 15:11

Cost of ownership probably would be less to buy a Macan but this puts the lending off either my personal books or the companies. It feels pretty neat and easy this way (but that's not necessarily the priority!)

How does the depreciation write off work with a hybrid if you are financing it?

Yaayuh! · 6 Aug 2015 at 15:14

Dr House said:
bank lone

RSR · 6 Aug 2015 at 15:46

Skidder said:
Cost of ownership probably would be less to buy a Macan but this puts the lending off either my personal books or the companies. It feels pretty neat and easy this way (but that's not necessarily the priority!)

How does the depreciation write off work with a hybrid if you are financing it?

The Problem with a Macan is ordering the dammm thing, they are on a long back order from what I have heard at the moment. :eek:

Skidder · 6 Aug 2015 at 15:48

[RXP]Andy;28409222 said:
The Problem with a Macan is ordering the dammm thing, they are on a long back order from what I have heard at the moment.

This is true but Dr H put me in touch with someone who can potentially help with that.

Skidder · 6 Aug 2015 at 15:54

Just looking at the cayenne hybrid I think it is now too high in terms of C02 for the 100% write off 79 vs 75

Dr House · 6 Aug 2015 at 17:11

Skidder said:
Just looking at the cayenne hybrid I think it is now too high in terms of C02 for the 100% write off 79 vs 75

My understanding is that it needs to be under 75g to get the £5k gov grant but for the 100% allowance you only need to be under 95g

http://www.hmrc.gov.uk/manuals/camanual/ca23153.htm

Maybe the rules have changed but I ordered the Panamera based on this.

Dr House · 6 Aug 2015 at 17:13

[RXP]Andy;28409222 said:
The Problem with a Macan is ordering the dammm thing, they are on a long back order from what I have heard at the moment.

Yes as Skidder said I put him in touch with a OPC dealer that had one sitting there and ready to go but I know another guy that has 3 of them for sale at only a couple of K over list

RSR · 6 Aug 2015 at 17:14

Dr House said:
Yes as Skidder said I put him in touch with a OPC dealer that had one sitting there and ready to go but I know another guy that has 3 of them for sale at only a couple of K over list

You have been keeping that one quite

Dr House · 6 Aug 2015 at 17:22

[RXP]Andy;28409632 said:
You have been keeping that one quite

I did not buy one :confused:

They are actually not that hard to get especially if you don't mind a C25 car.

Skidder · 6 Aug 2015 at 17:37

Dr House said:
My understanding is that it needs to be under 75g to get the £5k gov grant but for the 100% allowance you only need to be under 95g

http://www.hmrc.gov.uk/manuals/camanual/ca23153.htm

Maybe the rules have changed but I ordered the Panamera based on this.

From April 15 I think from what I read earlier but will check my understanding

xs2man · 6 Aug 2015 at 18:37

Dr House said:
What the overall cost of ownership not be much lower over say 3 years if you took a bank loan and bought a Macan?

Also if you buy a Cayenne hybrid you are allow 100% depreciation in the first year.

My wife is now just gone self employed. So how does this work? Never bought a car through a business before, so not sure of the ins and outs.

RSR · 6 Aug 2015 at 20:50

Dr House said:
I did not buy one

They are actually not that hard to get especially if you don't mind a C25 car.

My attempt at humour failed.

Dr House · 6 Aug 2015 at 22:52

xs2man said:
My wife is now just gone self employed. So how does this work? Never bought a car through a business before, so not sure of the ins and outs.

Well I don't know if the rules have changed now but when we ordered the car is used for 75% business use (its actually a bit more but we put it down to 75%) so if the car cost £100k, we claimed £75k against her income that year reducing her tax bill by £30k

[RXP]Andy;28410607 said:
My attempt at humour failed.

Sorry its like 38"C here today so I am only half with it and your humor went right over my head

Dr House · 7 Aug 2015 at 10:22

You are right its down to 75g now
https://www.gov.uk/government/uploa...ta/file/315604/factsheet-tax-implications.pdf

Skidder · 7 Aug 2015 at 11:08

Yeah I looked again last night.

I think I probably will get an X5, I do like them. I do keep getting drawn to getting a late last model range rover and saving some money (two things that have never been said in the same sentence before).

Dr House · 7 Aug 2015 at 12:10

Well if you want to save money the Panamera is the way to go but it's a very different car but after discounts and 5k grant it's going to work out very well