Member Since: 09 Feb 2016
Location: york
Posts: 31
Route Forward
I am at a junction with my Disco 3. (2007, SE, Auto)
I have a company car available and not sure whether to take it. Although I love the Disco, this could be the most sensible option.
It is providing me with trouble free motoring... torn between my head and my heart!
I am also unsure of what value I could get it for it if I sold it.
It has 96k on the clock, MOT until Feb and around 18 months left on a warranty I took out.
Anyone got any ideas?
Cheers Chaps
James
(Stuck in between a rock and a hard place)
14th Sep 2016 11:09 am
jamesspeke
Member Since: 09 Feb 2016
Location: york
Posts: 31
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14th Sep 2016 11:13 am
Ted Newman
Member Since: 09 Oct 2010
Location: SE London
Posts: 840
A good indicator is We Buy Any Car - be truthful with the description!LR Discovery 4 XS pulling an Airstream 532 Caravan also own (since new) a 1996 MGF
14th Sep 2016 11:32 am
Scott #55
Member Since: 15 Apr 2015
Location: UK
Posts: 1683
A company car would need to go some to beat the Disco. Tax on it will be horrendous as well.
Ask the company to give you a car allowance and a fuelcard - when I had a fuelcard, I paid tax on the fuel used, not a calculated value based on list price. I liked paying 40% of the pump price....
How likely is it that your company car will be able to do (or you be allowed to do) the things you've done in the Disco?
14th Sep 2016 11:57 am
smudgeh
Member Since: 21 Nov 2011
Location: Worthing
Posts: 36
I have just got shot of my company car Audi A3 2.0TDi, and went back to car allowance and got myself a BMW 135i on PCP. The BMW costs me the same as what the Audi was in monthly payments once tax return is included per year.
Unless you are doing very high levels of mileage, I wouldn't go the company car route again personally.2008 Discovery 3 HSE, Stornoway Grey
14th Sep 2016 12:07 pm
adam
Member Since: 20 Sep 2005
Location: Home and Happy
Posts: 6917
If a car allowance is an option - take it
I opted out of our car scheme in 1999 and would never opt back in, taxation position now is more favourable, you can claim the difference in miles expensed and what HMRC allow as an increase in your allowance and you can choose what you want
Also note the BIK rules look likely to change - so it may become even more beneficial to take the allowance in the near future
14th Sep 2016 12:10 pm
Eagle_D4_Conversion
Member Since: 01 Jun 2016
Location: Basingstoke
Posts: 82
I'm on the reverse side of this. I handed my company car back to swap it for an allowance as I needed a bigger car for the family and purchased a D3. I guess it depends what you need it for? I didn't do a huge amount of work miles so it made sense for my space requirements.
I do miss having no running costs or big surprise bills to pay. The allowance and tax difference pays for the running costs and I don't have to drive a Ford focus anymore! ha ha.2008 XS Java Black
Geoff. & Flack Full Belts and Oil pump change
Full D4 Conversion, Wings, bumper, 2016 headlights & Rear lights.
22" Alloys (285/35) Full Autobox flush, full fluid change (Trans/diffs)
TPMS added, rear headrest screens.
14th Sep 2016 12:18 pm
plocker
Member Since: 14 Mar 2016
Location: Preston
Posts: 828
I'm unfortunately an accountant. The next 4 years company car tax gets worse, the % keeps moving blame George! To the point where its not viable.
Keep the disco, keep the smile!!05 V8 HSE Bonatti Grey
14th Sep 2016 8:27 pm
plocker
Member Since: 14 Mar 2016
Location: Preston
Posts: 828
And yes that's an accountant in a v8. We are not all rights arses! 05 V8 HSE Bonatti Grey
Choose the Mitsubishi Outlander PHEV & pay 7% Benefit in Kind tax compared to the 25% or more that most others will pay.
I'm retired so that's not such an incentive for me, but I am beginning to think that I'll run the Disco 3 for a few more years & then go for a hybrid petrol/electric vehicle, possibly Disco 5 if there is one, or maybe Jaguar F-Pace.
Failing that there's always a pure electric car like those built by Elon Musk.
NJSSAm I Gammon or Woke ? - I neither know nor care.
2016 Discovery 4 Landmark
2011 Mercedes Benz SL350 (R230)
1973 MG B GT V8 - 3.9L John Eales engine, 5 speed R380 gearbox, since 1975.
1959 MGA roadster - 1.9L Peter Burgess Engine - 5 speed gearbox
Past LRs - Multiple FFRs, Discos & a Series I - some petrol, some diesel,
none Electric or H2 fuel cell - yet.
There are 10 types of people in this world: Those who understand binary, and those who don’t.
Last edited by NJSS on 14th Sep 2016 8:42 pm. Edited 1 time in total
14th Sep 2016 8:41 pm
maxbasscat
Member Since: 03 Jan 2016
Location: Cambridgeshire
Posts: 1267
Stick with it!!! It seems to make sense, you have a warranty in place, not major miles on it, it's running well So lucky you why change what you appear to be happy in and pay more tax. If it goes wrong set off against the notional tax bill you definitely would have to pay.D3 2.7 Zermatt silver (not another one)
D3 4.4 V8 Zambezi silver
D3 4.4 V8 Adriatic Blue
D3 2.7 (gone) Tonga Green
D3 4.4 V8 LHD Tonga Green
FFRR TDV8
Defender 300
14th Sep 2016 8:42 pm
plocker
Member Since: 14 Mar 2016
Location: Preston
Posts: 828
7% now but it will be 16% by 2019 they don't tell you that on the advert. And that is already enacted!05 V8 HSE Bonatti Grey
14th Sep 2016 8:46 pm
RDR
Member Since: 24 Mar 2013
Location: Derbyshire
Posts: 2260
Had both and prefer to choose and own my own. Works out financially better but also I found that having a company car prevented me modifying and using it for normal active family things without worrying about damage. The car was scrutinised on return and i was charged for what i would have considered wear and tear which me offMY06 S - Gone but not forgotten
MY12 HSE - Gone
MY16 HSE Luxury - Sold
MY20 D5 HSE - Sold
Current RR L460 PHEV
14th Sep 2016 8:52 pm
Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7441
I and most of my colleagues have given up in company cars. Unless you are happy to drive something that's a horrible compromise, it makes little sense. I am particularly averse to driving cars and prefer to make my own choice.
Glad that the Achilles' heal of the Phev's taxation has already been raised.2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: 2 x FL2 as “second” cars 🙄
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
14th Sep 2016 9:04 pm
RDR
Member Since: 24 Mar 2013
Location: Derbyshire
Posts: 2260
Slightly off topic but related. Anyone know the implications of taking say a Tesla as a company car and your employer also contributing to your household electric bill by letting you claim back the electric used as an expense? is HMRC geared up to handle that?MY06 S - Gone but not forgotten
MY12 HSE - Gone
MY16 HSE Luxury - Sold
MY20 D5 HSE - Sold
Current RR L460 PHEV
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