[KP1602]

Hi all...

Been lurking for a few weeks, reading and seeing whats going on etc...

Ive changed job, and instead of being told what car i had to have, have now been told i can have anything i want providing it fits 2.0 Diesel engine, and the car is big enough for my role and the list price is below £32k

So instantly went to Barons in Farnborough to have a drool over my options...

Ive opted for a 320d ED Business, with the comfort interior and front parking sensors in white.. Im extremely excited already - but wont have access to my car until June :-(

How do you all cope? lol

Ive seen some threads discussing programming, is there much that can be programmed thats worthwhile? I seem to understand that my car should have EBT already as its build date is definitely going to be after Week 10... but not having access to the leasing company or anything this time round have no data about the build etc..

Anyway... Hi! :-)

[Spoonhead]

Welcome. Im currently in a e90 ED , and have really enjoyed 3 yrs of frugal motoring. This time though, have opted for more performance. But the ED was no slouch. A long wait till June, but I'm sure the time will fly.

[....,,,,..,,..]

Welcome to the mad house.

There are some coding threads knocking about, some quite recent discussing EBT.

Same here June wait sometime between 02 and 10.

[KP1602]

Well im going from a 115bhp Saab 9-3 ........................................

So will be a huge difference to me... lol

I took a 12 plate out that they had on the forecourt that was a ED... and it felt nice.. didnt really get to play in a 330 or anything to compare.. but the new company are insistent on 2.0 diesel engines for some reason... pretty much the only rule as to the car you can choose :-/

I ordered the car in the first week of March, and start with the new company on the 2nd June - so hoping its there waiting for me.... and that one of the other toe rags hasnt been out enjoying it... lol

[teaston]

Welcome!

So weren't you tempted by a 320d M Sport as they are under £32k book price?

[KP1602]

I was tempted.... but not knowing my new employer well yet - didnt know if they would frown at me ordering an M Sport.... :-/ lol so went with the safer bet - besides have you seen the BiK on the M Sport... i think its 19% or something lol

[teaston]

Originally Posted by KP1602

I was tempted.... but not knowing my new employer well yet - didnt know if they would frown at me ordering an M Sport.... :-/ lol so went with the safer bet - besides have you seen the BiK on the M Sport... i think its 19% or something lol

I've never had a company so don't really know about BiK, how much would a 19% BiK car cost you per month?

[KP1602]

Using comcar.co.uk

Works out difference of about £35 a month for the standard M Sport

[teaston]

Originally Posted by KP1602

Using comcar.co.uk

Works out difference of about £35 a month for the standard M Sport

But what's the total cost to you per month?

[....,,,,..,,..]

That's why am pleased we have Opt Out car allowance, bloody easier and get a better choice.

[KP1602]

Sorry Teaston...

£180 on the 320d ED
£214 on the 320d M

[teaston]

Originally Posted by KP1602

Sorry Teaston...

£180 on the 320d ED
£214 on the 320d M

Wow that is cheap!! I'm paying £432pm plus insurance!

With your new companies car rules i'd have gone for a fully loaded 325d M Sport

[paulf]

Originally Posted by teaston

Wow that is cheap!! I'm paying £432pm plus insurance!

Thats just the tax element - you still forgo the allowance too (which has a monthly cash value)

[teaston]

Originally Posted by paulf

Thats just the tax element - you still forgo the allowance too (which has a monthly cash value)

Ah right, i did ask what the total cost per month is!

[paulf]

Originally Posted by KP1602

Ive opted for a 320d ED Business, with the comfort interior and front parking sensors in white.. Im extremely excited already - but wont have access to my car until June :-(

I love my ED, its been a great car. Friends are surprised with the mix of performance and MPG...

When the lease company has it back - someone is gonna get a right deal on it.

[....,,,,..,,..]

Originally Posted by teaston

Ah right, i did ask what the total cost per month is!

Another reason I am pleased don't get company car allowance, it's just too bloody complicated lol.

[paulf]

Originally Posted by Brigand

Another reason I am pleased don't get company car allowance, it's just too bloody complicated lol.

I struggled to get a 330d MS for less than the cash I would get it I didnt have a company car. Especially when you factor in unlimited mileage and not having to pay a deposit.

Horses for course :-)

[Torquein]

It worked out (BIK + allowance) about even for me as the company car is completely maintained, rubbered, insured, taxed (fixed if some scrotum scratches it) - hassle free! Completely free choice for me also, there was a max rental value which I had to pay the diff in cash if I went above it. It just covered a 330d MSport + adaptive, I owe just £123 in cash - better than a £2k deposit!! If the BIK% keeps increasing though it won't be worth it in 3 yrs.

[KP1602]

What do you guys refer to as your allowance? Is that your fuel allowance?

I opted out of private mileage fuel a couple of years ago... unless your doing more than 15k private mileage a year, its actually costing you money to have the perk...

If you go here

http://comcar.co.uk/newcar/companyca...25452442&clk=1

It shows you the per month cost in tax... the company pays for everything other than my private mileage... So my on the road cost is £180 per month

[Torquein]

Originally Posted by KP1602

What do you guys refer to as your allowance? Is that your fuel allowance?

I opted out of private mileage fuel a couple of years ago... unless your doing more than 15k private mileage a year, its actually costing you money to have the perk...

If you go here

http://comcar.co.uk/newcar/companyca...25452442&clk=1

It shows you the per month cost in tax... the company pays for everything other than my private mileage... So my on the road cost is 180 per month

The cash they give you instead if you opt out is what I meant. So BIK+ the allowance (after tax) you don't get if you take the car = the cost to you. Mine worked out about £550/month, so 550 is about what the car would cost me private to hp, tax, insure etc.

[paulf]

Originally Posted by KP1602

It shows you the per month cost in tax... the company pays for everything other than my private mileage... So my on the road cost is £180 per month

I get given a monthly amount to spend on a car - or an annual amount to have in cash instead. Thats what I meant by allowance...

I would either get taxed the BiK or PAYE on the additional income.

In my case, I dont have a company funded fuel card. So that is out the equation.

[KP1602]

Ok, a little confused..... you dont get a BIK deduction in your tax if you take the allowance instead... you just pay your standard tax rate against the allowance..

So if you opt out of a company car, and get an allowance instead - you would pay 20/40/45% in tax based on your total income on that allowance....

With the BIK, the 320d ED is now 17% (was 16% last year) - so the amount i get taxed on is 17% of the list value of the car per year.. so £31,675 (inc. my options) i think.. So my benefit in kind is £5384 and i pay 40% of that value to HMRC as a tax deduction = £2154 per year... I think if i opted for the fuel, thats another £1500 ish per year too that HMRC take off me...