Golf GTE Shocker! - 6.3sec 0 - 100 instead of 7.6sec

[Mark V GTD]

Actually - if I was financing my own car now (3-door GTD DSG with options), with the current GFV and APR, it shows an increase in payments of 36 quid a month!

[Raffe]

Very interested in this car as a company car driver.

I have to pay the BIK% in the higher tax bracket, with the GTE showing as 5%(yr1), 7%(yr2) and 9%(yr3) this compares directly with the GTD at 22,21 & 23% respectively.

This alone makes a massive difference to what I would have to pay each month, using the 3 year average % on a car spec'd to £32k (few options) we are comparing £234pm vs £75pm...or a £159pm/£1908pa/£5,7243yrs...or to put it another way its the equivalent to an annual £3k pay rise at 40% tax.

All business fuel is covered so mpg isn't really a concern and I do minimal personal mileage each year to be of concern.

Not sure why any company car drivers would even consider there GTD from those financials.

[fredgroves]

Unless you are charging the car up at your business premises (and probably you'd only be doing that if you left it overnight, in which case you could probably argue no BIK) then you won't be able to claim the electricity costs.

There is no HMRC approved method for reimbursing employee electric car charging.

Personally, I'm not keen on paying for my company's expenses, you might argue that in terms of cash in pocket I would still be better off, but its the principle in my case.

Plus, I regularly do long journeys, not so many short ones - so the oil burner makes more sense to me.

[Raffe]

My understanding is that the car charges the batteries from the petrol engine whilst driving so you don't need to charge from a wall socket...is this not correct?

[mcmaddy]

Why would you need to leave your car at work overnight? It charges in a few hours and although you can't claim your electric back you still get re imbursed for your mileage claims.

[Mark V GTD]

My understanding is that the car charges the batteries from the petrol engine whilst driving so you don't need to charge from a wall socket...is this not correct?

It has the ability to do that but its not the most efficient mode of operating the car as I understand it...

[fredgroves]

Why would you need to leave your car at work overnight?

So that your employer pays to charge it and not you?

[mcmaddy]

It charges quicker than overnight so no need.

[fredgroves]

Unless you have a meeting before its charged

[mcmaddy]

Get to work a bit earlier then haha