Mega-MPG Figures? What engine is it I need.

[Blobcat]

45ppm is tax free for the first 10K miles then it drops to 25ppm - worth taking this into account as you'll be paying tax on the 20ppm after 10K

 

[MBDevotee]

True - but they allow you to be self-employed as a VAT registered LTD company and charge VAT on your services (they are VAT registered so it makes no odds to them) - this means I could then get back the VAT on the fuel and servicing etc so I should be well ahead. It's still £4500 tax free plus say £2250 of which onyl half will be taxed - so that's £5600 or so tax free and only tax on £1100 or so - which will easily cover most of my annual motoring cost - including fuel and servicing etc - so I'm ok with that.

It's why I'd like to get an EV for it - my fuel is currently working out just under 0.6 pence per mile - so that £5k would pretty much cover the lease cost / insurance and everything as well on a brand new car - however as mentioned - my credit score just won't allow it...

I could just get a cheap Skoda diesel I guess... but not much love going on for that as a solution!

 

[s5tuart]

I could just get a cheap Skoda diesel I guess... but not much love going on for that as a solution!

I've travelled in a Skoda Superb Estate and it was comfy, luxurious and quiet. I don't know how far they go back though or what they cost

 

[JBell]

Polo or Golf diesel. Or the SEAT or Skoda equivalents, but for my money the VW cars have better build quality. They’ll see you to 60mpg real world.

Something like this

https://www.autotrader.co.uk/car-details/202105243009348?onesearchad=New&onesearchad=Nearly%20New&onesearchad=Used&aggregatedTrim=GTD&make=VOLKSWAGEN&price-to=5500&model=GOLF&include-delivery-option=on&sort=price-desc&advertising-location=at_cars&radius=1500&postcode=tq12lr&page=1

 

[JBell]

True - but they allow you to be self-employed as a VAT registered LTD company and charge VAT on your services (they are VAT registered so it makes no odds to them) - this means I could then get back the VAT on the fuel and servicing etc so I should be well ahead. It's still £4500 tax free plus say £2250 of which onyl half will be taxed - so that's £5600 or so tax free and only tax on £1100 or so - which will easily cover most of my annual motoring cost - including fuel and servicing etc - so I'm ok with that.

It is impossible to be Self Employed as a VAT Registered Ltd company, you are an employee of that company and the sole director OR you can be self employed and VAT registered, you then need to be careful of IR35 tax rules.

The first 10k miles can be paid at 45ppm then 25ppm after and you can't claim the VAT back on fuel or servicing as the 45ppm is classed as a mileage allowance.

 

[MBDevotee]

You are correct - what I meant was I can bill them as a VAT registered company - then pay myself as a sole director.

Surely if you have paid VAT on something (I.e. the fuel) you can recover it (apart from VAT on contract hire payments where I think you can only get 50%.

Are you saying the 45p per mile can only be paid tax free to an individual not a company?

 

[MBDevotee]

Something like this

https://www.autotrader.co.uk/car-details/202105243009348?onesearchad=New&onesearchad=Nearly%20New&onesearchad=Used&aggregatedTrim=GTD&make=VOLKSWAGEN&price-to=5500&model=GOLF&include-delivery-option=on&sort=price-desc&advertising-location=at_cars&radius=1500&postcode=tq12lr&page=1

Not sure that actual car, but yes something along those lines perhaps....

 

[MBDevotee]

More something like....

https://www.autotrader.co.uk/car-details/202107155074768

 

[Blobcat]

More something like....

https://www.autotrader.co.uk/car-details/202107155074768

Nothing wrong with that at all. If you’re going to be spending a lot of time in a car why not take a look at something you actually want to be in (budget constraints accepted)

 

[T5R+]

You are correct - what I meant was I can bill them as a VAT registered company - then pay myself as a sole director.......................

You can actually invoice out at £1/mile if agreeable.

What you claim as an employee is generally 10K @ 45p and then subsequent at 25p/mile................as avoids "tax complications".
However, you could claim at £1/mile and be paid a £1/mile but then end up having tax calculations to complete/submit to HMRC.

 

[BillyBoy]

Do you mind high mileage?

https://www.autotrader.co.uk/car-details/202107104885281?atmobcid=soc3

 

[Taffy7hfa]

Only 204 thousand miles ..barely run in !

 

[Blobcat]

Do you mind high mileage?

https://www.autotrader.co.uk/car-details/202107104885281?atmobcid=soc3

I bet that was an exec airport taxi. I’ve taken a few from West Yorkshire to Heathrow

 

[Jim2]

I bet that was an exec airport taxi. I’ve taken a few from West Yorkshire to Heathrow

If it was serviced properly and on time, I'd have no problem with that kind of mileage... in fact, I'd prefer it to a lower mileage car with a poor service history.

 

[MBDevotee]

Nothing wrong with that at all. If you’re going to be spending a lot of time in a car why not take a look at something you actually want to be in (budget constraints accepted)

This will be.my problem- common sense will say get something sensible (and Mondeos are actually brilliant cars) but heart will say c350 cdi estate or coupe!

 

[MBDevotee]

Actually heart says cl55 but that would be absurd for what I want it for......

 

[Blobcat]

This will be.my problem- common sense will say get something sensible (and Mondays are actually brilliant cars) but heart will say c350 cdi estate or coupe!

Life is too short to drive boring cars…

 

[MBDevotee]

Realistically, what mpg can be achieved with a 350 cdi ? I actually do stick to 70 these days on Motorways so I'm guessing late 30's?

 

[Jim2]

I've travelled in a Skoda Superb Estate and it was comfy, luxurious and quiet. I don't know how far they go back though or what they cost

We have 2 Superbs plus 2 Octavia's, and they are fine cars ( especially the Superbs ) they will cruise all day long at the legal max here in Ireland, and in comfort too.

 

[Jim2]

OP - the only true way is brim-to-brim to appreciate a true MPG over any meaningful fact.
Sometimes see people post great figures over shortish run with warm components which for me is meaningless.

I cover approx 25K/annum and have found MB cars to return

# C220/W204 will return low 60s​

# E250/W212 will return low 50s
# E350/W212 will return mid/high 40s
reduce by approx 5MPG for winter time

If you fancy a V8/ML diesel then the ML450 will return 32MPG on a run (if you drive like a nun).

Are these figures from mainly motorway driving? In comparative terms, UK imperial Gallon equals 4,546 Ltrs,,,,,so in the case of your C220/W204, its approximate consumption in Ltrs would be 13 Miles per Ltr. Thats very good mileage.

OP - the only true way is brim-to-brim to appreciate a true MPG over any meaningful fact.
Sometimes see people post great figures over shortish run with warm components which for me is meaningless.

I cover approx 25K/annum and have found MB cars to return

# C220/W204 will return low 60s​

# E250/W212 will return low 50s
# E350/W212 will return mid/high 40s
reduce by approx 5MPG for winter time

If you fancy a V8/ML diesel then the ML450 will return 32MPG on a run (if you drive like a nun)