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Leasing a performance hybrid car

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    Leasing a performance hybrid car

    Hello, I wonder if anyone can provide some guidance.

    I have been running my company for little under a year, I want to get a company car but not sure if I would be better off leasing it personally or through the company.

    Now, as far as I understand it, if you want to get a fairly high powered car, it works out better to lease it personally, and claim milage back through the company.

    But, the twist to this tale is I am looking at a performance hybrid - specifically the Volvo XC60 T8, which I believe has a lower BIK, which is the single biggest reason against getting a company car with a larger engine

    I could be talking rubbish though, hence my question - can anyone advise what the best thing to do here would be?

    #2
    Originally posted by Dazza666 View Post
    can anyone advise what the best thing to do here would be?
    Your accountant?
    'CUK forum personality of 2011 - Winner - Yes really!!!!

    Comment


      #3
      what's more important to you?

      a) money
      b) tax
      c) flashy car
      See You Next Tuesday

      Comment


        #4
        Company Cars

        Originally posted by Dazza666 View Post
        Hello, I wonder if anyone can provide some guidance.

        I have been running my company for little under a year, I want to get a company car but not sure if I would be better off leasing it personally or through the company.

        Now, as far as I understand it, if you want to get a fairly high powered car, it works out better to lease it personally, and claim milage back through the company.

        But, the twist to this tale is I am looking at a performance hybrid - specifically the Volvo XC60 T8, which I believe has a lower BIK, which is the single biggest reason against getting a company car with a larger engine

        I could be talking rubbish though, hence my question - can anyone advise what the best thing to do here would be?
        You may find the link here useful, HMRC's car BIK calculator so you can make comparisons with other vehicles.

        Comment


          #5
          Pollution
          All around
          Sometimes up
          Sometimes down
          But always around
          We're on different buses, pollution
          But we're both using petrol
          Bombs....

          Get a Maserati, stuff the environment, forget BIK...

          Comment


            #6
            Originally posted by stek View Post
            Pollution
            All around
            Sometimes up
            Sometimes down
            But always around
            We're on different buses, pollution
            But we're both using petrol
            Bombs....

            Get a Maserati, stuff the environment, forget BIK...
            Amen sister

            Comment


              #7
              Originally posted by Dazza666 View Post
              Hello, I wonder if anyone can provide some guidance.

              I have been running my company for little under a year, I want to get a company car but not sure if I would be better off leasing it personally or through the company.

              Now, as far as I understand it, if you want to get a fairly high powered car, it works out better to lease it personally, and claim milage back through the company.

              But, the twist to this tale is I am looking at a performance hybrid - specifically the Volvo XC60 T8, which I believe has a lower BIK, which is the single biggest reason against getting a company car with a larger engine

              I could be talking rubbish though, hence my question - can anyone advise what the best thing to do here would be?
              Have a look at the BMW 330E

              Comment


                #8
                Originally posted by stek View Post
                Pollution
                All around
                Sometimes up
                Sometimes down
                But always around
                We're on different buses, pollution
                But we're both using petrol
                Bombs....

                Get a Maserati, stuff the environment, forget BIK...
                Maserati's break down so often they're good for the environment.
                See You Next Tuesday

                Comment


                  #9
                  Originally posted by Lance View Post
                  Maserati's break down so often they're good for the environment.
                  Mine's only broken down twice! Clutch position sensor and then engine RPM sensor. Both times in first fortnight of ownership. Fingers crossed ok since...

                  The Ferrari F430 engine in it is largely bulletproof, and F1 gearbox too (also Ferrari), only gripe is clutch wear. Other than that the QPV is pretty reliable. That paddle-shift F1 box is great tho, a smile-generator if ever there was one.

                  Comment


                    #10
                    I’ve never heard of a Volvo being called a performance car before.

                    Comment

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