Forums › Other › London life › Electric company car – Tesla – advice
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Thinking of an EV electric car due to the impressive BIK rates.
A few questions led to a scratching head… assume insurance, charging unit, mot, service can be expensed? What happens if you sell the car? What happens after 3 years, is this model sustainable? Any pros or cons. Been informed its a no brainer from casual call. Asking for a friend.surely thats a rather how long is a bit of string, no…?
im looking at one as I can get the complete package, ie car, servicing, insurance, road tax etc in one package through my work portal and its looking a very good all in price but common sense tells you the BIK is not going to remain so low for ever…
- This reply was modified 54 years, 4 months ago by .
Also looking at one. Getting hold of them seems difficult. Jaguar quoted 6 months, so went with Audi who initially quoted 4 and have now changed it to 11, so cancelled that one. Now looking at a Tesla.
Tried to look at chargers and podpoint, that has a great reputation aren’t taking on any more orders for pre-MArch 31 delivery.
It’s becoming so difficult, if the maintenance on OHs car wasn’t becoming super expensive we might not bother.
Getting hold of any kind of car is difficult right now.
I no longer have any cars. Did not renew my leases at the start of 2021.
I’m using the monthly savings from that to pay for Ubers when needed.
Admittedly, I have had to hire a car a few times – sometimes for a weekend, and once for two months (from Onto – thanks @memesweeper )
I am up quite a bit and also finding myself walking to the shops more often (uber on the way back).
For me, not having access to a vehicle on my driveway isn’t as difficult as I thought it would be and in fact has been beneficial overall.Of course your circumstances may be different and indeed literally your mileage may vary.
I will look to obtain a vehicle later this year if availability and prices come back down to a sensible level.I ordered my Tesla and was initially quoted a lead time of 2/3 months.
Got a text a few days later and it was ready to collect within 2 weeks of my original order. I understand that most deliveries of Tesla’s happen towards the end of each quarter.surely thats a rather how long is a bit of string, no…?
im looking at one as I can get the complete package, ie car, servicing, insurance, road tax etc in one package through my work portal and its looking a very good all in price but common sense tells you the BIK is not going to remain so low for ever…
BIK is 1% 2021/22 and then following 2 years for 2%
I ordered my Tesla and was initially quoted a lead time of 2/3 months.
Got a text a few days later and it was ready to collect within 2 weeks of my original order. I understand that most deliveries of Tesla’s happen towards the end of each quarter.New right? What is the deprecation like, assume its £1300 per annum? MOT is bog standard and service is £80?
New right? What is the deprecation like, assume its £1300 per annum? MOT is bog standard and service is £80?
Yes, it was new.
Not sure on depreciation to be honest – values do seem to be holding really well at the moment (similar to most cars I presume?!)There’s no standard annual service. Depending on usage, Tesla just recommend checking brake fluid and tyres.
Will the company be buying it or lease? A lot of companies are now doing electric car lease schemes which can be done as salary sacrifice and save you quite a bit in tax potentially. We use Tusker at my company and it’s and all in price, including insurance, road tax, servicing etc.
If you can swap the car for an allowance and use a salary sacrifice scheme it may work out more beneficial?
Took delivery of a Polestar 2 at the start of this month. I’m really enjoying the car and drive. Previously only ever bought vehicles outright, always bought ‘right’ and a better deal than leasing etc.
This is not the first EV or Hybrid i have purchased. However, given the uncertainty re residual values etc on EV’s, leased this one.
Tesla V Polestar. My take was one is built by a technology/battery company that builds cars, the other a car company (Volvo) that build high tech cars.
HFP hive mind query:
Anyone in the know about how the Company is accounting for it? We’ve been told that the company does not want the lease liability on their balance sheet under new accounting standards, supposedly this is still the case even though it’s salary sacrifice?
I think the company can be convinced if the above isn’t the case, but I don’t think they can be bothered to research it, so if anyone knows about these things then pointers would be well received!
HFP hive mind query:
Anyone in the know about how the Company is accounting for it? We’ve been told that the company does not want the lease liability on their balance sheet under new accounting standards, supposedly this is still the case even though it’s salary sacrifice?
I think the company can be convinced if the above isn’t the case, but I don’t think they can be bothered to research it, so if anyone knows about these things then pointers would be well received!
With Tusker they own the car and lease it to your as well as arranging all of the insurance etc. They invoice your employer each month and then your employer deducts it from your pay each month before tax and NI is taken off. So the higher tax band you are in the more you save.
If you look on the Tusker website it should give you all the info. They’re happy to do 1 or 2 cars with a company too from what I remember.
On.to is the no-risk option as @Aston100 suggests. Trouble is, depending on your area and vehicle preferences, they may have no stock.
I’ve been a happy Tesla Model S and 3 owner for years and cheerfully recommend the cars without any BIK benefit. The tax break really is the cake icing.
If you need referrals to Tesla or on.to let me know.
Thanks for the leasing suggestions, this has been done in the past personally twice albeit not via business. Infact doesnt have to be Tesla can be an alt full electric vehicle but considering a 2017 S model vs 2019 model 3
Thanks for the leasing suggestions, this has been done in the past personally twice albeit not via business. Infact doesnt have to be Tesla can be an alt full electric vehicle but considering a 2017 S model vs 2019 model 3
Model S is big and you might not like the turning circle. Model 3 feels more nimble and easier to park.
If you decide on Model S get a post-facelift one, the headlights are drastically better.
Get air suspension and the ride is streets ahead of Model 3.
I’ve driven many miles in both and would take the older Model S myself, provided I could get air suspension and cold weather pack. I’m a high mileage driver, if you do fewer long journeys and more in cities then M3 might be ideal. The big gotcha is poor sound proofing which is noticeable at high speeds.
Although they are quiet ‘marmite’ I’ve found Teslas to be much better than any other EV, including the Polestar, although it is a beautiful looking machine. I’ve got an Etron 55 at the moment, which is the first EV I’ve been in to better the MS for ride comfort. This comes at the expense of worse tech and shorter range though.
Thanks for the leasing suggestions, this has been done in the past personally twice albeit not via business. Infact doesnt have to be Tesla can be an alt full electric vehicle but considering a 2017 S model vs 2019 model 3
On.to has only a one month commitment on the lease deals. It’s a no-brainer if you want to dip you toe in the market, there’s nothing remotely as well priced and flexible.
Took delivery of a Polestar 2 at the start of this month. I’m really enjoying the car and drive. Previously only ever bought vehicles outright, always bought ‘right’ and a better deal than leasing etc.
This is not the first EV or Hybrid i have purchased. However, given the uncertainty re residual values etc on EV’s, leased this one.
Tesla V Polestar. My take was one is built by a technology/battery company that builds cars, the other a car company (Volvo) that build high tech cars.
I got a P2 in August and can’t fault it, it’s a fantastic car in every way. Tried a Model 3 but wasn’t impressed, good charging network and fast – but that’s about it. The P2 is plenty fast, especially withy new OTA power upgrade, and Tesla charging network will be open to everyone soon if I need it – which I don’t.
Build quality and driving experience much better with Polestar.
It’s a bit of a stretch to say “Tesla charging network will be open to everyone soon”. In reality, there’s a very limited trial in 1 country.
In terms of which is “better”, they are clearly both great cars but the sales numbers say it all. 930k model 3 v 29k P2 in 2021.
Considering the model 3 as not a heavy user. The model s has depreciated almost 50% in 5 years and would consider switching in 3 years. Not sure how the battery life is on these
930k isn’t all Tesla sales?
Sorry both figures are total sales but majority will be 3 and P2 i believe.
It’s a bit of a stretch to say “Tesla charging network will be open to everyone soon”. In reality, there’s a very limited trial in 1 country.
In terms of which is “better”, they are clearly both great cars but the sales numbers say it all. 930k model 3 v 29k P2 in 2021.
I think that’s the general intent, depends on your definition of soon. Fact is when I see a Tesla supercharger station – no-one is using it, all the Teslas are plugged into the public charger network. That tells you something as well!
On numbers, you can only sell what you produce, volume isn’t a measure of quality.
It’s a bit of a stretch to say “Tesla charging network will be open to everyone soon”. In reality, there’s a very limited trial in 1 country.
In terms of which is “better”, they are clearly both great cars but the sales numbers say it all. 930k model 3 v 29k P2 in 2021.
I think that’s the general intent, depends on your definition of soon. Fact is when I see a Tesla supercharger station – no-one is using it, all the Teslas are plugged into the public charger network. That tells you something as well!
On numbers, you can only sell what you produce, volume isn’t a measure of quality.
Interesting point. I read the free supercharger is not transferrable, if the user has sold it back to tesla or something?
Considering the model 3 as not a heavy user. The model s has depreciated almost 50% in 5 years and would consider switching in 3 years. Not sure how the battery life is on these
Battery life is good, had a Renault for six years and no appreciable deterioration. Long term it would logically seem to be an issue.
Interesting point. I read the free supercharger is not transferrable, if the user has sold it back to tesla or something?
Tesla used to give free supercharger access but not so much now, I think they are expensive to use but their real benefit is rapid charging, they are 150kw+
It’s a bit of a con with Teslas – when they get sold back to dealer network they can turn off any of the software features and ask the next owner to buy them again.
Fact is when I see a Tesla supercharger station – no-one is using it, all the Teslas are plugged into the public charger network. That tells you something as well!
Why on earth would a Tesla owner use a public charger network, if a supercharger was an option? That makes zero sense.
I’m more than happy to find there is always space at a supercharger. Saves me the hassle of having multiple apps on my phone, slower speeds, poor reliability & a boot full of various adaptors.
- This reply was modified 54 years, 4 months ago by .
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