How to get an Electric Car How to get an Electric Car
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  1. #1

    Nervous Newbie


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    Default How to get an Electric Car

    Hi - I am sole Director and employee of Ltd company [ not vat registered]. I want to get a new [fully ] electric vehicle from April 2020.

    I understand that Bik is 0% / 1% / 3% over next 3 years.

    1. My company can lease a car and make it available to me, Bik is as above and there is new [beneficial] rules regarding how this affects company profits as it is an EV. As an employee I can claim 4p a mile for charging

    2. There is also the salary sacrifice option :

    2.1 - Does SS only apply to leasing a car - can it also apply to a car loan ? and if so – how does this work ?

    2.2 - If SS is for lease only - can I set up a SS scheme for this single employee [ me] and how? Do I have to go through specialised SS car lease company?

    2.3 For the car that I get through SS - when I use it for work can I claim 45p / mile ? [I do approx 600 miles a month for work ]

    Which is the best option - have I missed something?

    Thoughts?

  2. #2

    Respect my authoritah!

    NotAllThere's Avatar
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    Quote Originally Posted by abcdef4 View Post
    How to get an Electric Car

    Thoughts?
    Buy one.
    <-2 5m->

  3. #3

    Double Godlike!

    BR14's Avatar
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    buy two.
    drive one, charge one.
    swop and repeat.
    Entropy is NOT what it used to be.
    Inertia, however........................

  4. #4

    Contractor Among Contractors


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    If you don't have an accountant, do not do this.

    It is feasible to DIY stuff if you keep things simple, don't do out of the ordinary. Where it's almost guaranteed to go wrong is when people do more complex stuff, relying on snippets they read on the internet.

  5. #5

    Double Godlike!


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    Private lease.
    PCP
    HP
    Outright purchase.

    Ask your accountant which is most tax efficient for your situation.
    The greatest trick the devil ever pulled was convincing the world that he didn't exist

  6. #6

    My post count is Majestic

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    Type electric site:contractoruk.com/forums in to Google and have a read of all the other threads on electric cars.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  7. #7

    Nervous Newbie


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    Quote Originally Posted by abcdef4 View Post
    Hi - I am sole Director and employee of Ltd company [ not vat registered]. I want to get a new [fully ] electric vehicle from April 2020.

    I understand that Bik is 0% / 1% / 3% over next 3 years.

    1. My company can lease a car and make it available to me, Bik is as above and there is new [beneficial] rules regarding how this affects company profits as it is an EV. As an employee I can claim 4p a mile for charging

    2. There is also the salary sacrifice option :

    2.1 - Does SS only apply to leasing a car - can it also apply to a car loan ? and if so – how does this work ?

    2.2 - If SS is for lease only - can I set up a SS scheme for this single employee [ me] and how? Do I have to go through specialised SS car lease company?

    2.3 For the car that I get through SS - when I use it for work can I claim 45p / mile ? [I do approx 600 miles a month for work ]

    Which is the best option - have I missed something?

    Thoughts?
    When you have bought it contact me with any advice on charging infrastructure :-)

  8. #8

    Still gathering requirements...


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    Octopus EV will set up and manage a salary sacrifice scheme for your business. Not sure if there's a minimum size for the business to qualify.

    Octopus Electric Vehicles - EV Business Solutions

  9. #9

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    Quote Originally Posted by EVConsult1 View Post
    When you have bought it contact me with any advice on charging infrastructure :-)
    this will be our 2nd EV - already have a 2nd hand leaf - once you get one there is no going back!

  10. #10

    Contractor Among Contractors

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    If you go for a Tesla, use my referral code, you get free supercharging miles - http://ts.la/mark8506
    Politicians are wonderfull people, as long as they stay away from things they don't understand, like working for a living!

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