PCP Car Frustration

[bobspud]

Doesn't anyone buy cars outright with their own money these days?

I think that will happen far less now the Dividend Tax is higher. But as an example I got 4 year interest free loan on my current toy so why would I pull the money out the company to buy it when I can break the costs down over 4 tax years and keep most of it under the 40% margin?

[The_Equalizer]

indeed I buy old ones and wait till they are 16 then they are ready to be F*cked.

I'll look at my 18-year-old Merc in a different light tonight. I actually found the original dealer price list for it last night. Someone paid the best part of £38K in today's money. The leather option alone cost its first owner twice what I paid for the whole car.

[The_Equalizer]

I think that will happen far less now the Dividend Tax is higher. But as an example I got 4 year interest free loan on my current toy so why would I pull the money out the company to buy it when I can break the costs down over 4 tax years and keep most of it under the 40% margin?

I'll give you that one.

[BrilloPad]

Pickup phone ----> Ring dealer now ------> Question answered.

Jeez, what's wrong with people these days? Is it a Facebook generation thing?

Should I ask my accountant first?

[vetran]

I'll look at my 18-year-old Merc in a different light tonight. I actually found the original dealer price list for it last night. Someone paid the best part of £38K in today's money. The leather option alone cost its first owner twice what I paid for the whole car.

I drive a battered Mondeo. When I finish the house I'll buy something nice, but you don't put paving slabs in a Merc if you can avoid it.

[diseasex]

I bought my 2 YO beemer for 20k, 16k miles. It was 39k new so someone paid 19k to drive only 16k miles and sold for half the value

[WTFH]

... you don't put paving slabs in a Merc if you can avoid it.

I do. Particularly when they park really badly. Paving slabs/bricks/etc.

[The_Equalizer]

I drive a battered Mondeo. When I finish the house I'll buy something nice, but you don't put paving slabs in a Merc if you can avoid it.

Sounds jolly sensible. I've got a 1982 Land-Rover for the donkey work. I do know of a friend's Dad - think Del Boy, but 'done good' - who drives round picking up his BTL money in the most sha66ed Bentley Continental you'll ever see. It's more like a builder's Transit van than top end motor, with car parking stickers all over the windscreen, newspapers and coke cans in the foot wells plus it's not had a wash in heaven knows how long. I'm sure he does it on purpose.

[WTFH]

I bought my 2 YO beemer for 20k, 16k miles. It was 39k new so someone paid 19k to drive only 16k miles and sold for half the value

"Bought" or "Leased"?

[diseasex]

"Bought" or "Leased"?

Bought. The only reason i didnt take lease was that i couldnt get it as have only 1 year on LTD.