Member Since: 11 Mar 2009
Location: Somerset
Posts: 3551
Commercial D4 funding advice
Evening.
How are most of you here doing it....whats the best way to fund a new commercial D4 as a LTD company i do about 30k a year
Any advice apart from "don't do it" is welcome Wanted D4s non runners pm for competitive price.
IID Pro MV License - D3/4 RRS - Enabling, Updates,Transmission flushing.
Mobile or workshop,PM for details.
11th Nov 2015 10:18 pm
stew 46
Member Since: 01 Dec 2011
Location: cornwall
Posts: 10146
Easy mate , just got to work 100 hours a week -------------------------------------------------
if you cant hold on dont let go , it ill come in handy for something even if you never use it.
D3 SE 05,
110 s wagon 300 tdi SOLD
h top transit
crew cab transit
transit connect
ausa dumper, muck truck .
peljob 2.5 digger
06 L 200 crew cab
11th Nov 2015 10:40 pm
woody32 Site Sponsor
Member Since: 11 Mar 2009
Location: Somerset
Posts: 3551
Yeah I've got that bit sorted stew so thought id work myself to death in comfort Wanted D4s non runners pm for competitive price.
IID Pro MV License - D3/4 RRS - Enabling, Updates,Transmission flushing.
Mobile or workshop,PM for details.
11th Nov 2015 10:58 pm
sailorboi
Member Since: 26 Oct 2012
Location: Bristol
Posts: 2020
07 Java Black TD V6 D3, EGRs Blanked, Tow bar, Full dog guard & divider, LED Spots , DRLs, GG ATs, RLD Sump guard, RLD Spare Wheel Protector, D4 LED Rear Lights, Limo tints on boot and Midnight tint on rear windows, Kenwood screen with Garmin nav, Rear cameras, D4 Steering wheel with flappy paddles, T-max split charge system, Tree sliders, Prospeed roof rack & Ladder, Alisport fast road inter cooler,
Massey Ferguson 35x
Sankey Narrow Track Camping Trailer (Gone but to a great home)
11th Nov 2015 11:04 pm
stew 46
Member Since: 01 Dec 2011
Location: cornwall
Posts: 10146
you work hard mate and there's no point giving it to the tax man
I'm thinking of a 110 again -------------------------------------------------
if you cant hold on dont let go , it ill come in handy for something even if you never use it.
D3 SE 05,
110 s wagon 300 tdi SOLD
h top transit
crew cab transit
transit connect
ausa dumper, muck truck .
peljob 2.5 digger
06 L 200 crew cab
11th Nov 2015 11:04 pm
Bodsy Site Sponsor
Member Since: 06 Nov 2006
Location: In the Clubhouse
Posts: 21361
Your accountant should be able to advise on the best most cost effective method for you to get the d4 commercial. Bodsys Brake Bible
I just took HP under my company's name. My business pays the monthly payments... pretty much exactly if you were to take the loan yourself and wanted to own the vehicle at the end of the term (so not like lease-hire, where you hand it back).
As long as your company has been running long enough and you can prove you can cover the payments, you should be ok. But be sure about it before you make the purchase – you'll be looking at something like a £1000 bill every month, and those payments won't go away if you decide to get a full-time job!2016MY Discovery 4 Commercial , 3.0 SDV6 Auto, Santorini Black, side-steps, 510s.
Mods: LED interior lights. Front guard.
Soon: black grille, tinted windows.
23rd Nov 2015 10:07 pm
LiftedDisco
Member Since: 10 Jun 2010
Location: Towcester
Posts: 997
Kris...
Hope you are well - I know there are sponsors on here, but I suggest you speak to Paul White at Alpha Contract Hire and Leasing in Northampton.
He's done vehicles for me for around 17 years now, including 3 Commercials and our fleet of company vans and has always been best on either price or delivery... or a combination of the two that makes it viable.
He's a top chap... tell him I sent you!
Rob... met you with a bumper from someone, somewhere obscure, some time ago!D4 Commercial - 65 Plate, 2016MY
D5 Commercial - Handed back when I left that job…
D4 Commercial (2014MY) - gone
D4 Commercial SDV6 - Baltic Blue (also gone)
D1 300TDi... 2" lift, HD bumpers (both), detachable tow hitch, 9,500lb winch, 235/85/16 muds and plenty of other toys (gone to make way for the next toy...)
Smiles per Mile - Tornado Motorsports caged Evo 3... 100" Defender look-alike, with Range Rover running gear - all fully IVA'd and registered!
23rd Nov 2015 10:30 pm
Walkzinho
Member Since: 01 Oct 2011
Location: Chester
Posts: 140
Im about to push the button on a HP deal along the lines of this:
£38.8k commercial (spec'd up a bit)
pay the £8k VAT (which you then reclaim), pay a further £3k deposit, 48 monthlies of £589 followed by a HP balloon of £13.5k. It'll be worth more than the £13.5k in 4 years so whatever you can get for it after that is a bonus really. For me, that kind of deal keeps the cash flow situation for my seasonal business.
24th Nov 2015 5:28 pm
Walkzinho
Member Since: 01 Oct 2011
Location: Chester
Posts: 140
BTW I dealt with Paul @ Direct Vehicle Sales in Ripon, lovely chap and knows the business side of things.
24th Nov 2015 5:30 pm
woody32 Site Sponsor
Member Since: 11 Mar 2009
Location: Somerset
Posts: 3551
Walkz
That's great thank you just what I was after
Thanks to the rest of you too
LD
All good my end
I will give ALPHA a bell and see what they can do Wanted D4s non runners pm for competitive price.
IID Pro MV License - D3/4 RRS - Enabling, Updates,Transmission flushing.
Mobile or workshop,PM for details.
25th Nov 2015 12:04 am
Disco dazboy
Member Since: 02 Dec 2013
Location: Leicestershire
Posts: 1782
Walkzinho wrote:
Im about to push the button on a HP deal along the lines of this:
£38.8k commercial (spec'd up a bit)
pay the £8k VAT (which you then reclaim), pay a further £3k deposit, 48 monthlies of £589 followed by a HP balloon of £13.5k. It'll be worth more than the £13.5k in 4 years so whatever you can get for it after that is a bonus really. For me, that kind of deal keeps the cash flow situation for my seasonal business.
Do you have to pay another deposit if you renew the deal again after the 4 years?D3 x2 now gone
Volkswagen Tiguan Allspace 4motion
25th Nov 2015 6:52 am
Walkzinho
Member Since: 01 Oct 2011
Location: Chester
Posts: 140
If I wanted to exchange the car after yr4, I will probably roll whatever equity I have in it into a new vehicle.
Ive just sold the 10' plate GS with 90k on the clock to a local garage for £15k, so that'll sort the VAT & deposit on the new one with enough left over for a few bits when it arrives (side tubes, AT tyres, livery etc).
The beauty of the commercial is that it is written down within one year and will mean that I won't pay any corporation tax next tax year.
25th Nov 2015 10:03 am
Walkzinho
Member Since: 01 Oct 2011
Location: Chester
Posts: 140
Disco dazboy wrote:
Do you have to pay another deposit if you renew the deal again after the 4 years?
It totally depends on where the market is. For example, in November 2019 I make my ballon payment of £13.5k, I then sell the car for £20k (rough estimate based on 4 year old vehicle with 90k on the clock) it means in theory have £6.5k to play with for a deposit.
When I worked it out the total cost of ownership was roughly £25k over 4yrs. It was £20k for a Ranger Wildtrak, so to me its well worth an extra £1.2k per year to drive the Disco, which has pulled me out of many sticky situations in the past. I don't put anywhere near as much faith in the new Ranger Wildtrak we have when it comes to towing 3.5t trailers off road.
25th Nov 2015 10:47 am
joness7
Member Since: 09 Feb 2006
Location: West London
Posts: 233
Personal Tax
How does that work on your own personal tax? Does it get counted as a benefit in kind? Is it dependent on mileage? Are you expecting to pay any tax for having access to the company car?
I have a Ltd Co but no real need to own a vehicle in it, apart from the finances!! Just curious how it might work from a Self Assessment point of view.2018 1.5Ti Skoda Octavia - dull as f&ck
2019 D5 SdV6 SE Anniversary - black/black - good riddance!!
2010 D4 TDV6 HSE - Nara Bronze with black - now gone!!
2006 D3 TDV6 HSE - Buckingham Blue with Alpaca - now gone!!
BMW R1200GS - also blue, also gone!!
Honda CRF1000L Africa Twin DCT - Dakar colours
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