Planning for the worst - Post April 2016 will company cars be better value?

[SimonMac]

Just doing some sums, and with the rise of ultra efficient cars which could potentially bring BIK down to as little as 5% for Hybrid/Electric cars could this be the most effective way of working away in the future?

Not sure if you can sleep in the back of some of the larger PHEV but that would help with hotels too

[wantacontract]

decent mileage range?? I was looking at Nissan note and BMW I3, and it's useless for motorway commuting.

[LondonManc]

decent mileage range?? I was looking at Nissan note and BMW I3, and it's useless for motorway commuting.

Take a look at the Vauxhall Ampera - petrol engine never powers the wheels, just acts as a generator for the batteries. It's one I'm considering in a couple of years.

[SimonMac]

decent mileage range?? I was looking at Nissan note and BMW I3, and it's useless for motorway commuting.

I was thinking about Hybrids rather than pure EV, the Mitsubishi Outlander PHEV still have a 500 mile range but 5% BIK, also the Merc E-Class as a possible

[Bluespider]

Mate of mine has a PHEV as a company car. he's happy BIK is about 80 quid a month but the actual mileage is waaay different from advertised...

To be fair he says its been charged twice since he got it (9 months) and both of those were when it was back at the garage. the rest of the time its just ballast.

gets about 24 mpg out of it i think.

I've been batting the idea around for a while, given the changes coming next April etc. woudl it be favorable to:

take less of a divi say (3-400 a month less (cost of a private lease)
lease a hybrid or EV via the ltd
pay the BIK (circa 100 quid a month or less depending on model)

This would reduce the dividend you take and therefore the dividend tax you pay. Over all though its more cash out but is it less going to Hector?

can we bash out the sums and see what it looks like?

[SimonMac]

Mate of mine has a PHEV as a company car. he's happy BIK is about 80 quid a month but the actual mileage is waaay different from advertised...

To be fair he says its been charged twice since he got it (9 months) and both of those were when it was back at the garage. the rest of the time its just ballast.

gets about 24 mpg out of it i think.

I've been batting the idea around for a while, given the changes coming next April etc. woudl it be favorable to:

take less of a divi say (3-400 a month less (cost of a private lease)
lease a hybrid or EV via the ltd
pay the BIK (circa 100 quid a month or less depending on model)

This would reduce the dividend you take and therefore the dividend tax you pay. Over all though its more cash out but is it less going to Hector?

can we bash out the sums and see what it looks like?

I was also thinking with the saving on Corp Tax not having to take it as a dividend that is where the real saving would be

[Bluespider]

some of the EVs have zero BIK which would be ideal.

but even 70-100 quid a month, it may start balancing out and be favourable when taken into context with the divi tax and the loss of T&S?

[BolshieBastard]

A wholly EV like the Leaf will give you a range of about 100 miles. There's a new larger battery version just come out that ups that to around 150 miles with a 200+ mile version in development.

Hybrids are useless imho. The range on their batteries is about 20 miles. The idea behind them is for city stop start driving where a larger percentage of petrol is spent getting the car moving and up to 30 mph.

Its nonsense to say EV like Leaf and BMW I3 are no good for motorways. When Im not doing 85 - 90 on the M6, I regularly see I3's in particular doing 70.

When an I3 or similar can do a round trip of 200 miles, I'll buy one (if I went back to retirement mode, Id buy one tomorrow).

The Tesla just isnt an affordable option at £70k+. Besides, musk is a twat and Im not contributing to his wealth after the fiasco he created with Paypal.

[BolshieBastard]

some of the EVs have zero BIK which would be ideal.

Not from this year (April) they dont. All EV's now attract a 5% BIK.