DrSlackBladder
Well-known member
maby said:jdsx said:I bet you drink coffee at Costa (EDIT I meant Starbucks, obviously ), shop at Amazon and bank with HSBC too :mrgreen:spellinn said:Personally buying the PHEV made financial sense, even if I never charge it.
It's the only car that was viable to buy via my company (which I'm a director of) for private use, which means I get the 5% BIK (increasing to 13% over the next 5 years) and also can write off 100% of the cost of the car in year 1, thus saving around £6000 in corporation tax.
So, ignoring any fuel savings made by charging, I come in about £300@5%BIK per month better off than my current private lease arrangement, and even with the increase in BIK each year it still costs me less.
Obviously everyone's situation is different..but I would of bought this even if I couldn't of charged it.
Cheers
Neil
(PHEV arriving March 15)
Nothing wrong with tax avoidance - and the PHEV is a no-brainer!
+1, although I prefer to call it tax saving!