Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[STEMO]

Of course, it sounds ideal for what you need. I need something that I'm not too precious over, to transport a muddy dog and a smelly old man 

[tunnie]

Of course, it sounds ideal for what you need. I need something that I'm not too precious over, to transport a muddy dog and a smelly old man 

 

[Viral_Jim]

There are many, many factors though. I expect my mileage to increase significantly. With a salary sacrifice deal I would:

Never have any repair or service costs
Never have to pay for tyres
Never have to pay for insurance.
I get a brand new car every 3 years.

It will cost me sub £5 to charge at home and cover 300 miles.

I expect my petrol fuel bill to rise to nearly £200/£250 so already some big savings. But I need to wait until the new commuting style kicks in before I make a decision.

Then of course getting something nice and new has its appeal, along with never having to do any service work on it.

Sounds like you and I are in a fairly similar boat. I took the iX for exactly this reason last year. Except in our case we both use it to commute and clock up around 25k per year.

I worked out I was basically maintaining my own cars for the fun of it, while paying about £25 pcm for the privilege. There is also a great sense of comfort knowing that I don't have any repair bills coming and anything that does go awry (3 punctures in 11 months in my case) I just ring a number and a nice polite man makes it all better for me 

As for the i5, it's a lovely car, I had a razz round in one while the iX was having a little niggle sorted at the dealer. Better to drive than the iX for my money, but SWMBO wanted an SUV, and the i5 wasn't out when we ordered.

Let us know how you get on with it

[YZ250]

…………
There is also a great sense of comfort knowing that I don't have any repair bills coming and anything that does go awry ……………

Are they still subject to the ‘Fair Wear and Tear’ policy clause?  Even though I still owned my own cars, I did lease through our company scheme for a few years. Not quite the same as normal leasing but something similar to Mr DTM I would imagine. No deposit, no insurance, no road fund, no maintenance etc., I simply just had to put fuel in it. It was a good scheme to start with, the vehicles were reasonably priced and the cost was deducted from my wages before I even saw it, so nothing could be simpler.    Then the prices started to climb so I purchased new vehicles using my employee discount, and then I could sell them 11 months later (tax implications if I sold them earlier than that) for what I’d paid for them.
The main worrying clause on our lease was that the vehicle had to be returned in almost mint condition. Any over mileage, any scratches, dents, kerb’d alloys etc were chargeable. I was lucky, I never got charged once, but then I do look after my cars quite religiously.   
In our case, if you scratched the car badly, it was cheaper to slam it into a wall and then pay the £50 excess to claim on the insurance.     
As I say, mine was a vehicle manufacturer employee scheme so may have been much different. 

[Field Marshal Dr. Opti]

…………
There is also a great sense of comfort knowing that I don't have any repair bills coming and anything that does go awry ……………

Are they still subject to the ‘Fair Wear and Tear’ policy clause?  Even though I still owned my own cars, I did lease through our company scheme for a few years. Not quite the same as normal leasing but something similar to Mr DTM I would imagine. No deposit, no insurance, no road fund, no maintenance etc., I simply just had to put fuel in it. It was a good scheme to start with, the vehicles were reasonably priced and the cost was deducted from my wages before I even saw it, so nothing could be simpler.    Then the prices started to climb so I purchased new vehicles using my employee discount, and then I could sell them 11 months later (tax implications if I sold them earlier than that) for what I’d paid for them.
The main worrying clause on our lease was that the vehicle had to be returned in almost mint condition. Any over mileage, any scratches, dents, kerb’d alloys etc were chargeable. I was lucky, I never got charged once, but then I do look after my cars quite religiously.   
In our case, if you scratched the car badly, it was cheaper to slam it into a wall and then pay the £50 excess to claim on the insurance.     
As I say, mine was a vehicle manufacturer employee scheme so may have been much different. 

That description is very subjective.

I've been to see cars described as 'mint' that looked as though they had been thrown from a tall building. Needless to say I walked away.

[Field Marshal Dr. Opti]

We had leasing options explained to us when we bought the Yaris, but neither of us like being in debt for anything + we're both at the age where we could " wake up dead " one morning so certainly don't need finance payments to deal with, so bought it cash apparently only eight percent of car purchases are cash ones so we were told but you can't take it with you, exactly the same when we bought the caravan outright purchase no finance, thanks to her cousin who died at 58 years of age , so SWMBO inherited a fair old chunk of cash we've certainly no intention of leaving our kids bundles of cash they can have the house and as for paying interest on anything, they can poke that completely.👍

Sounds about right.

They don't make much on 'cash only' deals in 2025......so they usually try to tack on a load of worthless crap like alloy wheel protection, paint protection, and leather protection. The dealer makes good money on this tat.....££££££.

[Sir Tigger KC]

We had leasing options explained to us when we bought the Yaris, but neither of us like being in debt for anything + we're both at the age where we could " wake up dead " one morning so certainly don't need finance payments to deal with, so bought it cash apparently only eight percent of car purchases are cash ones so we were told but you can't take it with you, exactly the same when we bought the caravan outright purchase no finance, thanks to her cousin who died at 58 years of age , so SWMBO inherited a fair old chunk of cash we've certainly no intention of leaving our kids bundles of cash they can have the house and as for paying interest on anything, they can poke that completely.👍

Sounds about right.

They don't make much on 'cash only' deals in 2025......so they usually try to tack on a load of worthless crap like alloy wheel protection, paint protection, and leather protection. The dealer makes good money on this tat.....££££££.

In a former life I sold static caravans on a big site in Devon for a living. I got better commission for selling the finance than I did the caravan.

[Viral_Jim]

As I say, mine was a vehicle manufacturer employee scheme so may have been much different. 

Ours is through a third part leasing agent (Octopus). I have a mileage limit on the lease but beyond that, all I do is add electrons. There's no tax, insurance, maintenance to pay. For us, wear & year and acceptable damage is covered under BVRLA guidelines. Given I'll have done 100k miles in it if I keep it the full 4 yrs, I may have to get a few bits paint corrected as I'm not as religious about looking after my car's as you 

[YZ250]

As I say, mine was a vehicle manufacturer employee scheme so may have been much different. 

Ours is through a third part leasing agent (Octopus). I have a mileage limit on the lease but beyond that, all I do is add electrons. There's no tax, insurance, maintenance to pay. For us, wear & year and acceptable damage is covered under BVRLA guidelines. Given I'll have done 100k miles in it if I keep it the full 4 yrs, I may have to get a few bits paint corrected as I'm not as religious about looking after my car's as you 

It worked well for me for around 9 years and as I changed mine every 9 months it gave me the opportunity to try out different models.    I always opted for the biggest engine as they fitted most of the toys on them as standard, saving me the hassle of ticking off options.
There were those that said I was throwing money away for something I’d never own but I’d bought 2 Omega’s when they were around a year old so I was well versed in losing lots of money.    As you say, there’s a lot to be said for not having to worry about maintenance, tyres, insurance and tax, so it does suit some of us. 

[Viral_Jim]

It does work well for us, but sadly my next car will be something a bit more modest, clearly I didn't work as hard at school as Mr Tunnie, so I'm nowhere near maxing my pension contributions, also, whole I don't know I suspect I'm 1-0 up on divorces.

These two facts, combined with me now being the wrong side of 40 mean I really need to start chunking money into my pension so I can retire before my state pension age of 107. 

[STEMO]

It does work well for us, but sadly my next car will be something a bit more modest, clearly I didn't work as hard at school as Mr Tunnie, so I'm nowhere near maxing my pension contributions, also, whole I don't know I suspect I'm 1-0 up on divorces.

These two facts, combined with me now being the wrong side of 40 mean I really need to start chunking money into my pension so I can retire before my state pension age of 107. 

It's going up to 109 in 2028 

[tunnie]

There are many, many factors though. I expect my mileage to increase significantly. With a salary sacrifice deal I would:

Never have any repair or service costs
Never have to pay for tyres
Never have to pay for insurance.
I get a brand new car every 3 years.

It will cost me sub £5 to charge at home and cover 300 miles.

I expect my petrol fuel bill to rise to nearly £200/£250 so already some big savings. But I need to wait until the new commuting style kicks in before I make a decision.

Then of course getting something nice and new has its appeal, along with never having to do any service work on it.

Sounds like you and I are in a fairly similar boat. I took the iX for exactly this reason last year. Except in our case we both use it to commute and clock up around 25k per year.

I worked out I was basically maintaining my own cars for the fun of it, while paying about £25 pcm for the privilege. There is also a great sense of comfort knowing that I don't have any repair bills coming and anything that does go awry (3 punctures in 11 months in my case) I just ring a number and a nice polite man makes it all better for me 

As for the i5, it's a lovely car, I had a razz round in one while the iX was having a little niggle sorted at the dealer. Better to drive than the iX for my money, but SWMBO wanted an SUV, and the i5 wasn't out when we ordered.

Let us know how you get on with it

25k a Year 

Yeah at those miles and EV cost at home that's a no-brainer.

Good to know about the i5, reviews do look good.

One thing holding me back currently is the 100% of the EV gross figure (which are stupidly large) goes straight into my pension. So at the moment, I'm keeping that flowing as that is the true cost to me. I need to find out about some structure changes at work, which is due to happen later this year.

Trouble is I really like my 435i - Near perfect blend for me of power and economy.

Another aspect is all these new cars have all these stupid active saftey systems, which are difficult to turn off.

[Field Marshal Dr. Opti]

It does work well for us, but sadly my next car will be something a bit more modest, clearly I didn't work as hard at school as Mr Tunnie, so I'm nowhere near maxing my pension contributions, also, whole I don't know I suspect I'm 1-0 up on divorces.

These two facts, combined with me now being the wrong side of 40 mean I really need to start chunking money into my pension so I can retire before my state pension age of 107. 

I don't have a pension.

[Viral_Jim]

One thing holding me back currently is the 100% of the EV gross figure (which are stupidly large) goes straight into my pension. So at the moment, I'm keeping that flowing as that is the true cost to me.

Yes, this is where I am. I think the iX 'costs' around £14k p.a. and I could really do with boosting my pension by this amount, but on the other hand, it is a nice car. I also have another 17yrs of private school fees to pay, so retirement is a little way off for me! I think the way I will go is a second hand EV, once decent ones fall into a sensible price bracket, until I fill out my pension annual allowance (should I ever get there!).

All that said, the 435i is going to be a hard act to follow. Other than my ar$e not fitting in the M-Sport seats, its a really nice motor!

I don't have a pension.

I should imagine a man of independent means such as yourself is well above such paltry financial trifles 

[Mr Skrunts]

I don't have a pension.

I had 2 but sold one last week.