Oddsocks
Ryder Cup Winner
I’m interested to hear peoples opinions and advice on opting out verses with an allowance verses sticking with the conversion company car offering.
I’m currently getting nothing short of raped on BIK tax on the current car but we are looking shortly to transfer to a fleet of hybrids, the issue being that they are smallish hybrids which are still going to see a BIK tax hit of £220 a month ish. Being a smaller hybrid they are not best suited for my personal life and when I’ve asked about potentially choosing a larger hybrid car within the same budget it’s been shot down as they want to keep a standard fleet, this is strange giving my proposed choice being a cheaper option in both leasing and BIK TAX.
anyway, moving on the allowance would nett down to an additional £300 tax home plus the saving of £220 so an approx budget of £500 a month. I will do on average 15,000 - 20,000 a year in business miles but as all of this is claimable the choice of ICE over EV isn’t really a debate with current energy costs.
My initial thoughts are a diesel with approx 55mpg for three years on a PCP and then moving to full EV once this energy crisis is over. I’ve only looked at diesel more for the cost per mile (£0.15) verses petrol (£0.19) , has anyone done similar recently and are there any things I need to be aware of other than claimable mileage rates?
it appears that depending on car allowances it depends what companies opt to repay and then there is always the assessment to reclaim any differences.
Thanks in advance for any advice.
I’m currently getting nothing short of raped on BIK tax on the current car but we are looking shortly to transfer to a fleet of hybrids, the issue being that they are smallish hybrids which are still going to see a BIK tax hit of £220 a month ish. Being a smaller hybrid they are not best suited for my personal life and when I’ve asked about potentially choosing a larger hybrid car within the same budget it’s been shot down as they want to keep a standard fleet, this is strange giving my proposed choice being a cheaper option in both leasing and BIK TAX.
anyway, moving on the allowance would nett down to an additional £300 tax home plus the saving of £220 so an approx budget of £500 a month. I will do on average 15,000 - 20,000 a year in business miles but as all of this is claimable the choice of ICE over EV isn’t really a debate with current energy costs.
My initial thoughts are a diesel with approx 55mpg for three years on a PCP and then moving to full EV once this energy crisis is over. I’ve only looked at diesel more for the cost per mile (£0.15) verses petrol (£0.19) , has anyone done similar recently and are there any things I need to be aware of other than claimable mileage rates?
it appears that depending on car allowances it depends what companies opt to repay and then there is always the assessment to reclaim any differences.
Thanks in advance for any advice.
