Reply to: Timing of Electric car purchase

[courtg9000]

If you get anything by JLR you have reliability problems anyway.
I like them but they are tulip.

I live quite close to one of the JLR plants.
Every other vehicle round here is JLR and prototypes are driven past my house every day.
I know quite a few JLR people(friends/neighbours) hence the discounts I can get - Mahoosive.
My friends keep telling me that the stories about crap reliability are bulltulip and a thing of history but I am taking that with a pinch of salt
My current available list with free adaptations is not looking very inspiring though!

[Lance]

I must admit I am in the camp where I would prefer a good bangernomics motor over an EV. I did have a look at the Jag I Pace for my pending renewal and it was nice (range anxiety and the cost of the mods I need mean it didnt stack even though the discounts I get on JLR are very nice headline wise.) but I had to go else where and am currently looking at a new motor for a Feb/March delivery.

If you get anything by JLR you have reliability problems anyway.
I like them but they are tulip.

[courtg9000]

Really weird, some people have 'range anxiety' with the current crop of 300 miles range EVs. I have bangernomics anxiety with the reliability bit!

I must admit I am in the camp where I would prefer a good bangernomics motor over an EV. I did have a look at the Jag I Pace for my pending renewal and it was nice (range anxiety and the cost of the mods I need mean it didnt stack even though the discounts I get on JLR are very nice headline wise.) but I had to go else where and am currently looking at a new motor for a Feb/March delivery.

[TheDogsNads]

Google "James Ruppert Bangernomics" or check out Shed Of The Week on Pistonheads if you want something more inspiring than a 5 year old Mondeo for the same sort of dosh or even less

Really weird, some people have 'range anxiety' with the current crop of 300 miles range EVs. I have bangernomics anxiety with the reliability bit!

[northernladuk]

I often get asked to do more work when I'm already booked up. I can't suddenly create time and I don'y want to work non-stop. So sometimes I tell a client that if they want me to do more work, they have to wait until I am free. If they demand their extra work is done now I politely remind them I am not an employee and carry on with my contracted work.

My accountant is the same. The existing compliance work they have to and will deliver on time. If I ask them to do more work, as far as I am concerned they are within their rights to get through the other work already booked in before getting to my work. I could ask another accountant - but I would prefer to just wait.

You aren't asking them to do more work. You are asking for the service you've paid for and expect. Get that in to your head. You pay, you expect an SLA. You asking them questions is the service they provide, not extra work.

So the above is just wrong. Prefering to wait isn't working out very well for you though is it.

[WTFH]

I have 100k in the bank for a car and a separate warchest.

If I had £100k in the bank, I'd not blow it on an electric car.
The normal way to get an electric car is to lease it - specifically, you're leasing the batteries. These have a lifespan that is less than the rest of the car and the technology behind them is changing and improving all the time.

So, unless there's missing parts to the story - such as where the office is located relative to where you live, how soon you plan to close down the company and privately acquire all its assets, who will actually be using the car, where your clients are based, how often you drive to them, how you plan to insure the car, etc, etc, then I'd strongly advise against it.

[eek]

Why makes a VM one better in your mind?

In my mind the shorter range ( hence same price )Tesla but with the supercharging network is the better option.

Build quality, not having to look sideways to see the speed....

[Hairlocks]

It was useful though - as I looked at the price and thought - nope better to get a VW group one.

Why makes a VM one better in your mind?

In my mind the shorter range ( hence same price )Tesla but with the supercharging network is the better option.

[Lance]

I understand that I cannot count commenting miles as a business expense.

is the place of work you travel to temporary?
If it is you can claim as a business expense.

HINT: Most outside IR35 contractors, who are at a client for <24 months, do claim business miles for travel to and from clients' sites. Rule apply. Read them.

[Bonglim]

The best time to get a company car was 1992.... Before they were taxed to death.
Spending £100k on a toy, today is sheer madness. Let's put aside the recession for now. Home working is on the rise. If you need a vehicle short term, rent it. If you need a vehicle for a 3/6 month project, buy/drive a personally owned banger (5 year old Mondeo for example) and make money on 45p per mile.

If you've got £100k in the bank then that's your warchest.
If you need to borrow the money then you need to re-align your priorities.

HTH

I have 100k in the bank for a car and a separate warchest. I totally agree in principal that over-stretching yourself is not a great idea at the moment.

[Bonglim]

Office = home?

You're trying to claim the maximum offset by fiddling around the edges of the tax laws. And you're not even being clever about it. JFRO.

I tried that before, but my accountant says it is not really okay to claim expenses for a massive office, and also claim that my home is my main office.

[Bonglim]

Out of interest, how will you get to the car? Will you drive a separate one to the office car park to pick up the company car when you need it? Will you claim mileage on the 2nd car?

I plan to keep my existing car (which is very old/ low value) and commute with that until the start of the next financial year.
I cannot claim business use on the old car, because I understand that I cannot count commenting miles as a business expense. Also as the car is fairly old, it won't be a huge amount of tax relief I'm missing out on.

[Bonglim]

You pay your accountant for a service. Two weeks delay isn't acceptable. Lean on them harder or move. Asking a bunch of contractors because your accountant isn't available doesn't really work.

I often get asked to do more work when I'm already booked up. I can't suddenly create time and I don'y want to work non-stop. So sometimes I tell a client that if they want me to do more work, they have to wait until I am free. If they demand their extra work is done now I politely remind them I am not an employee and carry on with my contracted work.

My accountant is the same. The existing compliance work they have to and will deliver on time. If I ask them to do more work, as far as I am concerned they are within their rights to get through the other work already booked in before getting to my work. I could ask another accountant - but I would prefer to just wait.

[eek]

i.e. showing cost.

It was useful though - as I looked at the price and thought - nope better to get a VW group one.

[WTFH]

That was a pricing error by Tesla (data entry admin?) back to normal now.

i.e. showing cost.