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Has anyone actually done this? I have tried looking on the Gov. websites and am now more confused then when i started. They say you can end up paying much less tax.
Does your company allow it? At our place if you take a car allowance one of the mandates is that it has to be less than four years old IIRC.
If it was your own car/business I could see it might work but I doubt a large organization would be prepared for the potential maintenance bills and also concerns about safety and liability insurance. From what I understand old cars pay no road tax. New cars can work well for business as they can write the depreciation off against tax.
i own the company, so i guess it does! i don't have a company car, but it seems i could get a classic which is worth less than 15k and only pay the benefit on the original ticket price. i also get all the maintenance and so on too.
Yes, we have a 1971 camper as one
@hora plenty of old camper vans used as commercial vehicles in the Bois de Boulogne, I think the owners where born before 71 too.
Yes,twice.
Reliant Scimitar SE6a - brilliant fun, uneconomical and suffered from long journeys
1972 VW Beetle 1200 - great fun very different from the usual repmobiles not brilliant on long drives but you arrive less stressed.
You have to consider the age of the car, it's all old so unless it's had a complete resto things will fail, and they will fail faster than on a new car. Do not expect the jump in and drive experience you may have with a modern car.
Would I do it again? Yes, so much more fun than boring modern stuff.
Hmmm interesting, i knew you get taxed on original cost but never thought of a classic car... may be shopping soon!
rog, i'm not going to use it as a daily driver. it's just a way of having a classic in the garage
it's just a way of having a classic in the garage
Avoidance or evasion?
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yeah, whatever
Oh aye, we also have this as our company event van (this it's old livery):
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[url= http://www.ebay.co.uk/itm/1933-Austin-7-Super-Accessories-Sportsman-/131251353225?roken=cUgayN ]what about this ?[/url]
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Bond bug with a fireblade engine? 😉
😯 dear God 😯Bond bug with a fireblade engine?
Or a good old V8 German barge? 😀
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8Odear God 😯
+1
Avoidance or evasion?
Not sure, as it won't depreciate then he can't write it off his accounts. My MG is pretty much cost neutral, it appreciates at the same rate it goes wrong, a £5k new car would have lost all it's value by now.
Do you not need to justify it for your job?