Another finance question

[adekil]

I know theres other finance leasing questions but would like to ask specifically about my case....

So I'm paying salary sacrifice around £560 a month plus an additional £120-130ish BIK via leasedrive (this includes £120 a month personal insurance!!)

I feel a personal lease or finance would be better for me financially as I would then switch to car allowance (circa £200 after tax) with the option to give the car back after the loan period (not pay the final settlement and get a new car)

So after looking at carwow I am seeing deals with 19" santiagos on a GTD with keyless coming out at £25K with just over £2.4K discount.

Would like to know what sort of monthly payments people make and the deposit including extra for maintenance?

[ffrank]

Have you had a play with the VW finance calc? If you get the amount of discount from CarWow or DTD, add it to any deposit from you - and then use this as the deposit on the calc, you can play with the figures/term length/miles.

You can also copy the url for the calc and save it so you can easily go back to it to compare etc (it remembers your spec).

[adekil]

OK thanks, so roughly £385 per month on 36 months and 10K a year mileage, minus my allowance I would be paying next to nothing compared to what I'm paying now. Probably need to add £15-20 a month for maintenance but still a lot less.

got me thinking now....

[ffrank]

Your current rates sure sounds high 

[adekil]

yeah, you're supposed to get something back through tax savings on salary sacrifice, but TBH I don't think we see much of a saving. Plus the insurance with Aviva placed the GTD in band 30 which puts it at £1200 a year, when checking privately I get quotes of around £350-450 a year on band 26 at most.