chrisbin Posted January 31, 2005 Posted January 31, 2005 Apple or Pear? Ok, basis behind this choice is, I have established that way to go is to have company car (don't do enough biz. miles to go private route). Therefore I want to get best car for least taxation outlay. I've set a ceiling of £200/month taxation cost (@40%), obviously would be nice to be lower! New 5 door Golf GTi should be about £175/month. Other route is to go diesel, but if I do that I really want an auto, which immediately sends Co2 shooting up, and hence taxation. Best I can see is the A4 Tdi 130 Auto - will cost around same as Golf Gti....... Saab 9-3 has great figures - Tdi 150 only costs about £100/month as a manual, but auto takes it up to £200 approx. BMW diesels have the same problem (for me). I'm favouring the Golf route, as it will be fun and still has enough image/quality to make sense/satisfy. I need 4/5 seats and 4 doors to accommodate 2 young kids/school run, but doesn't need to be too roomy - we have T'reg for long journeys. Any other thoughts.....?? Edited to add: anyone else looking at potential company car replacement, try looking here - very useful tool for working out CO2/tax liability www.comcar.co.uk Quote
chrisbin Posted January 31, 2005 Author Posted January 31, 2005 Why petrol manual but diesel auto Simple really....its a personal thing....just don't like manual diesels.....sorry!! Quote
Bananaman Posted January 31, 2005 Posted January 31, 2005 New Golf GTi's supposed to be a hoooooot.......... Quote
the bear Posted January 31, 2005 Posted January 31, 2005 Going through the same decision process with the same cars although all of them in auto. We've had a few out on test drives. So far we've considered Audi A3 Sportback DSG in both 2.0 T FSI and 2.0TDI SAAB 93 in 1.9 TDI and 2.0T Golf GTI Audi A4 in 2.0, 2.0T FSI and 2.0 TDI. Currently my business partner likes the Golf with a DSG and the A3 DSG both in the petrol. The deisel is a bit dissapointing with the DSG. I like the SAAB 2.0T but we are concerned about the residual value and based on 10000 business miles and 5000 private were I pay for the fuel, the most cost effective over three years is the Audi A4 2.0. Test driving one tomorrow. PM me and I will email you a spreadsheet we are using for comparison. Quote
chrisbin Posted February 1, 2005 Author Posted February 1, 2005 Going through the same decision process with the same cars although all of them in auto. We've had a few out on test drives. So far we've considered Audi A3 Sportback DSG in both 2.0 T FSI and 2.0TDI SAAB 93 in 1.9 TDI and 2.0T Golf GTI Audi A4 in 2.0, 2.0T FSI and 2.0 TDI. Currently my business partner likes the Golf with a DSG and the A3 DSG both in the petrol. The deisel is a bit dissapointing with the DSG. I like the SAAB 2.0T but we are concerned about the residual value and based on 10000 business miles and 5000 private were I pay for the fuel, the most cost effective over three years is the Audi A4 2.0. Test driving one tomorrow. PM me and I will email you a spreadsheet we are using for comparison. Nice one! I'm glad I'm not the only one! You have pm! Quote
the bear Posted February 1, 2005 Posted February 1, 2005 Going for the 2.0 non turbo A4 well impressed, bit of discount and a residual quoted by What Car and CAP at 58 -60 % Quote
Guest Posted February 1, 2005 Posted February 1, 2005 can you not use an ECO car scheme where you use company money , non taxed , and by the car in your name , its what i've done .zero tax to pay. Quote
shaun Posted February 1, 2005 Posted February 1, 2005 Just gone for new company car and looked at similar options to yourself. Low emissions to keep the Tax bill down was high on my agenda which is why I went for the VW Golf 2.0 GT TDI Quote
chrisbin Posted February 2, 2005 Author Posted February 2, 2005 can you not use an ECO car scheme where you use company money , non taxed , and by the car in your name , its what i've done .zero tax to pay. 'Another nail in the coffin for ECOs’ 10 August 2004 FLEETS and leasing companies may ban cash-for-car schemes as a result of new disclosure rules. Black-i Vehicle Management, a company that has campaigned for companies to reaffirm their allegiance to the company car, says it feels certain cash-for-car schemes will be at risk. Black-i managing director Nick Brown said: ‘We have taken expert tax advice and believe that Employee Car Ownership (ECO) schemes potentially fall within the tax disclosure regulations.’ The majority of companies implementing an Employee Car Ownership scheme seek Inland Revenue approval. However, under the new rules companies operating schemes that fall within the tax avoidance net will also have to formally disclose details of those arrangements to the authorities. Brown said: ‘Getting an ECO scheme rubber-stamped is one thing. However, formally disclosing its existence on company annual tax returns will, I believe, be unacceptable to a lot of companies. ‘The disclosure clearly implies that the company is working on the fringes of tax legislation and could lead to many questions being asked by shareholders. Boards of directors will be very wary. I am aware that the drafting of the new rules is very wide and I am sure that tax experts are discussing with Inland Revenue officials whether ECO schemes that have been approved and those yet to be implemented can be made exceptional to the disclosure regulations subject to certain guarantees.’ Brown argues that some of Britain’s largest companies have either established ECO schemes or are looking at implementing them and believes the new guidance will mean those companies will look to abandon ECO in favour of the company car. He added: ‘Companies do not like attracting the attentions of the taxman and operating an ECO scheme will ensure that happens if they fall within the disclosure rules. ‘Experience shows that ECO schemes invariably do not generate the savings claimed for either the employer or the employee. ‘They also require expensive professional advice both to establish and operate on an on-going basis. The fact that they could now fall within Inland Revenue disclosure of tax avoidance regulations puts another nail in the coffin of ECO schemes.’ Providers of ECO schemes clearly disagree. ECOS are here to stay, says firm FIONA Massey, head of consultancy at Whitechapel, disagrees that the new regulations will have an effect on ECO schemes. She said: ‘It would seem rather drastic to suggest that, following the introduction of the new tax avoidance regulations on August 1 2004, ECO schemes are at risk and fleets and leasing companies will ban them. ‘The regulations are designed to provide the Inland Revenue with better intelligence on the taxable aspects of employee benefits, with a view to providing the Government with the necessary information it needs to be able to quickly clamp down on benefits that are not tax compliant. ‘The regulations are specifically targeted at employee benefit arrangements which involve securities, payments to trustees and intermediaries and financial products that include the making of and the release of loans. ECOs do not involve any securities or payment to trustees.’ Massey added that although a third-party ECOS provider such as Whitechapel does receive the payment of allowances, it does not hold or use any payments for the benefit of employees. She claimed that a well-structured ECOS provider will calculate tax contributions and co-ordinate Inland Revenue approval before a scheme is implemented. This ensures that the scheme is fully tax compliant and that a company pays the correct amount of tax. Massey said: ‘Companies should be more wary of poorly-equipped ‘providers’ that don’t have this financial and taxation acumen or infrastructure, as ultimately this will attract the attention of the tax man and bring their ECO schemes and financial records under scrutiny. Quote
itguy Posted February 2, 2005 Posted February 2, 2005 Hang on a minute - take a look at the DSG gearbox - my dad has just got a VW Touran with the 2.0 diesel and DSG, its faster than the manual, same tax bracket - its not like a normal auto... It drives very well indeed - very slick changes and suits that engine really well. From memory I don't think Audi offer it on the A3 diesels but VW do on the Golf. (by the way, I have a golf tdi 130 mk4 at the mo and am sorely tempted by a new gti/5dr/dsg) Will. Quote
chrisbin Posted February 2, 2005 Author Posted February 2, 2005 Yep....I think its gonna be the Gti.....just means 2 Vee Dubs on the drive.... Still, will mean that the wife will have something to go shopping in..... Now just find the best Contract Hire deal..... Quote
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