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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > UK > UK Off-Topic Discussions > Your idea of the perfect company car



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      08-03-2011, 05:22 PM   #23
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You need a Soundracer V8, job jobbed
I am now off to google what that means
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      08-03-2011, 05:26 PM   #24
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Been that long since i had a company car that it used to be the more you drove, the less tax you paid. If you did more than 18k per year, you only paid tax on 10% of the cars value. How times have changed.

Perfect company car now? has to be a F10 520d. Predictable I know.
I got a quote for one and it was £500 with no options. If I left the company I would have had to pay the £50 a month extra multiplied by the remaining months on the 48 month lease.

If I was sure I was stopping then it would be worth it but if I left after 1year then the bill would be £1800.

Great car though.
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      08-03-2011, 06:27 PM   #25
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I am now off to google what that means


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      08-04-2011, 02:50 AM   #26
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318d is the sensible option, I went for something with a little more power with the 320d having come from a 1 series with the same 143bhp engine as the 318d I wanted something with a little more punch.....still its no 335i lol

JLR ... Why did you just not order an msport with the suspension deletion?
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      08-04-2011, 03:10 AM   #27
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Why has no-one mentioned the 320d efficient dynamics? No brainer right there.
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      08-04-2011, 03:18 AM   #28
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I don't have a company car and I don't think I want one. People might start to expect me to do stuff, like drive places to meet people and it could mean I'd have to get up early. Or be home late for dinner.

Of course if someone just gave me a car, I'd be quite happy.

How does the tax work on company cars if they are provided as a perk for 100% personal use? Is it like getting a free car or does the extra tax make you wish they just upped your basic pay instead?
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      08-04-2011, 05:49 AM   #29
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Originally Posted by Dizzle View Post
318d is the sensible option, I went for something with a little more power with the 320d having come from a 1 series with the same 143bhp engine as the 318d I wanted something with a little more punch.....still its no 335i lol

JLR ... Why did you just not order an msport with the suspension deletion?
The extra cost of the m-sport meant that I would not be able to have any other extras. The only bits I wanted were the seats, steering wheel and black roof.
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      08-04-2011, 05:52 AM   #30
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Originally Posted by Dannyrado View Post
Why has no-one mentioned the 320d efficient dynamics? No brainer right there.
The only issue I had with the 320d ED was the wheels, I really think they look awful and ruin the car. Appreciate they contribute to the efficiency though.

From memory the 320d ED cost more than the 318d which limited the options I could add.
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      08-04-2011, 05:56 AM   #31
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Quote:
Originally Posted by Dannyrado View Post
Why has no-one mentioned the 320d efficient dynamics? No brainer right there.
Quote:
Originally Posted by kaishang View Post
I don't have a company car and I don't think I want one. People might start to expect me to do stuff, like drive places to meet people and it could mean I'd have to get up early. Or be home late for dinner.

Of course if someone just gave me a car, I'd be quite happy.

How does the tax work on company cars if they are provided as a perk for 100% personal use? Is it like getting a free car or does the extra tax make you wish they just upped your basic pay instead?

Basically your are taxed on the P11d value of the car and it's emissions. The higher they are the more you pay. A 320d v 318d is an extra £40 ish pounds a month. My car costs me £120 actual cash which is deducted through your tax code. It does not matter how you use the car.
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      08-05-2011, 02:26 AM   #32
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Quote:
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The extra cost of the m-sport meant that I would not be able to have any other extras. The only bits I wanted were the seats, steering wheel and black roof.
Ahh ok that makes sense.
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      08-05-2011, 03:27 AM   #33
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i have a 320 ED, with over £7k of options tax is under £150pm. nothing better in the market today. OK it runs on 16"s, i dont care to be honest. i have some 18"s sat in my garage anyway! LOL
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      08-05-2011, 03:34 AM   #34
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Quote:
Originally Posted by jimmylimmy View Post


That is genius! He also says there is a V10 version

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Originally Posted by R80TER View Post
i have a 320 ED, with over £7k of options tax is under £150pm. nothing better in the market today. OK it runs on 16"s, i dont care to be honest. i have some 18"s sat in my garage anyway! LOL
7k of options!?
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      08-05-2011, 03:56 AM   #35
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WTF did you get for 7k of options!?
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      08-05-2011, 04:24 AM   #36
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Originally Posted by Dizzle View Post
WTF did you get for 7k of options!?
A lot I am guessing but the following soon add up

Pro Nav £2000
Full leather £1100
Logic 7 £1000


That leaves £3000 for a lot of little extras.

For that sort of money I would have got a 5 series.
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      08-05-2011, 04:52 AM   #37
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It is very easy to do. Mine has nearly £5k worth without going too silly. As JLR says, add a sunroof and some better audio and you're there.
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      08-05-2011, 05:19 AM   #38
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Quote:
Originally Posted by Dizzle View Post
WTF did you get for 7k of options!?
pro media
visibilty pack
heated leather sports seats
sun glass
folding rear seats
business hifi upgrade
arm rest
cruise control

think thats it.... LOL i didnt pay! but it ended up just under £35k for a 320d!! LOL
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      08-05-2011, 05:22 AM   #39
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Never understood how the company car thing works!
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      08-05-2011, 06:06 AM   #40
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Quote:
Originally Posted by MEGA View Post
Never understood how the company car thing works!
The system changes every few years.

It currently works on the emissions of your vehicle dictate dictate what percentage of its retail value (including options) you pay tax on.

So, using my car as an example:

It has an emissions figure of 319 and a tax band M

Based on a £60,000 full retail value figure and a private fuel allowance I am taxed @ 40% on £27,580 worth of benefit per annum (the car being £21,000 and the fuel £6,580)

This equates to £11,032.00 in tax per year.
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      08-05-2011, 06:09 AM   #41
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Quote:
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Never understood how the company car thing works!
Its pretty straight forward.

The company give you a car to use as you wish and the HMRC make you pay tax on its value and emmisions as its classed as a benefit.

On average a 40% taxpayer driving a 318D will pay £120 a month actual cash to the HMRC.

The HMRC have a chart that links the emmisions to a % cost. I think that the 318D is based on 13% of the cars value and the 320d on 14%.

You could say that all I pay for a fully funded and maintained £29K BMW is £1440 per year. That includes all insurance and associated costs.

Cheap motoring!! Except I have only got 143BHP to play with.
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      08-05-2011, 06:14 AM   #42
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Quote:
Originally Posted by sheps View Post
The system changes every few years.

It currently works on the emissions of your vehicle dictate dictate what percentage of its retail value (including options) you pay tax on.

So, using my car as an example:

It has an emissions figure of 319 and a tax band M

Based on a £60,000 full retail value figure and a private fuel allowance I am taxed @ 40% on £27,580 worth of benefit per annum (the car being £21,000 and the fuel £6,580)

This equates to £11,032.00 in tax per year.
So you actually pay £919 a month in cash for the C63 (inc fuel)
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      08-05-2011, 07:01 AM   #43
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Makes sense..

So who buys the car from BMW? A leasing company? Or HMRC. I guess it wouldn't be your company leasing direct from BMW?
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      08-05-2011, 07:08 AM   #44
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Makes sense..

So who buys the car from BMW? A leasing company? Or HMRC. I guess it wouldn't be your company leasing direct from BMW?
My car is leased from a company called Alphabet who I believe are part of BMW. The cost is £450 a month over 4 years. At then end of 4 years it goes back and I can order another car.

My company are good in as much as I can add any extra to the car as long as I pay the cost of that extra each month. I have a limit of £450 so I could have ordered a Golf TDi for £300 and had £150 a month paid as salary.
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