Conference terri::cars_uk

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Note 1127.0        Lease Car Renewal:  Months *and/or* Miles??         2 replies
YUPPY::FOX "Monotony on the Bounty"                  11 lines  29-JUN-1990 13:58
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    I notice on VTX that the Car Fleet section has recently been updated
    to provide more information relating to the scheme, but there are
    no specifics relating to duration.                                          
                             
    The standard lease contract is "30 months/50,000 miles".  Does this
    mean that you can have a new lease car after 30 months *OR* 50,000
    miles?  Presumably it does.
    
    If this is the case, I've only got 2,000 miles to go instead of
    12 months.
       

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Note 1127.1        Lease Car Renewal:  Months *and/or* Miles??            1 of 2
NEARLY::GOODENOUGH                                    3 lines  29-JUN-1990 14:08
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    Gosh, you get around, John
    
    Jeff.

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Note 1127.2        Lease Car Renewal:  Months *and/or* Miles??            2 of 2
YUPPY::FOX "Monotony on the Bounty"                   2 lines  29-JUN-1990 14:13
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    Yep.  I love going to BP Aberdeen :-)
    

    Thank you Mr Mod for moving my note, I did a DIR/TITLE="LEASE" before
    I created a new topic ....
    
  

    
    Parts of the VTX description on who's entitled to lease cars
    is c**p. 
    
    Reads as if it was badly written several years ago.

    R.
    

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Note 1128.0                Misquote or price increase?                No replies
PIPKIN::MALTBY "Mike Maltby 0734 853952 {830 3952}"  15 lines   2-JUL-1990 22:36
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    I've come up with a method of working out the lease cost of Vauxhall
    Carltons, based upon the price of the car plus add-ons, and I can get
    to within 50p. It works for all the quotes up on VTX at present, with
    one exception, and that's the one I had back last Thursday, which is
    over 200 pounds too high. Now I know that both lease companies have
    probably made the same mistake, and that the requote I've asked for
    will come in at the right price, but I find it a interesting that 2
    days before the car supplements go up by between 100 and 350 pounds, I
    get an error like this.

    Has anybody else been watching car prices closely, and if so, have any
    other prices taken a hike in the last few days? Does anybody know if
    the lease companies put up their prices at this time of year?

    Mike

work out the four Daihutsu prices then and post your findings here 
(with workings please).

Simon

    Simon,

    I can't see any pattern in the Daihutsu quotes, and I don't have a
    price list for them. I've noticed before, that if the resale value at
    the end of lease is unknown, then the quotes become erratic. In the
    case of Carltons, you get a straight line graph if you plot price vs
    lease cost.

    Mike

	Is it possible to lease a second hand car, or failing that an older 
model of a new car (one that hadn't been registered) ? e.g. Would it be possible
to lease an old model MR2 (1600cc) ?
	Yours in a state of ignorance,

	Andy.

Re prev by Andy

I'm pretty sure the lease has to be for a new vehicle.  The quote system 
wouldn't really work for second hand cars because no two second hand cars would
be in exactly the same condition.

As for old models, I suppose there would be nothing to stop you trying but
probably PHH and Hertz wouldn't be able to find them so would refuse to quote.

In short, you specify a car which they then find.  If you happen to know there's
an unregistered old MR2 at Bloggs Garage there's no obvious way of telling the
lease companies about it.

Jon
 

Jon,
	Thanks for your help.

Regards,
	Andy.

    Hi,
    	You may not be able to lease second hand cars through DEC but
    that doesn't mean it can't be done. My dad leases a second hand
    jag through PHH. It arrived one month old with 1,000 miles on the
    clock and was quite a bit cheaper than a "new" one.
    
    
    Cheers,
    
    Tim
    

    
    Re: .84
    
    Through the DEC Leasing scheme....no.

    	Can we expect all the quotes to be reduced by 5% now?
    
    	Ian.

RE:    <<< Note 170.89 by COMICS::WEGG "Some hard boiled eggs & some nuts." >>>

�    	Can we expect all the quotes to be reduced by 5% now?
    
    I doubt it, it should be slightly more. The VAT figure of 17�% is
    levied on the base price, PLUS, the 10% car tax. Thus, the VAT element
    should drop a little too.
    
    Laurie.

    >> I doubt it, it should be slightly more. The VAT figure of 17�% is
    >> levied on the base price, PLUS, the 10% car tax. Thus, the VAT element
    >> should drop a little too.
    
    	But surely the lease companies reclaim the VAT anyway, don't they?
    
    	Ian.

�    	But surely the lease companies reclaim the VAT anyway, don't they?
    
    No,
    	Companies can't claim the VAT back on new cars.
    
    		Rik :-(

... and if the retail price drops, then so will the second-hand price, so the
lease companies will get less residual value so will have to increase leases!

You just can't win,

mb

Re: .90

>    I doubt it, it should be slightly more. The VAT figure of 17�% is
>    levied on the base price, PLUS, the 10% car tax. Thus, the VAT element
>    should drop a little too.
    
As the VAT is levied on the base price and its rate has not changed the VAT
element will not change at all.

The old price is Base Price + 17.5% VAT + 10% Car Tax = 1.275 * Base Price

The new price is Base Price + 17.5% VAT + 5% Car Tax = 1.225 * Base Price

A car that sold for �10,000 will now sell for �9608 - a 3.92% reduction.

jb

    Actually, Jeremy, I believe that you'll find VAT is added AFTER the Car
    Purchase Tax has been added, i.e.
    
    (Base Price + 5%) * 1.175, as witnessed on TV last night !!
    
    This has long been criticised as a way of taxing car purchase twice !!

    
    .95 gets my vote.
    
    Chris
    

    .92�    	Companies can't claim the VAT back on new cars.
    
    What was that about some VAT limit being raised from �8K to �12K? I
    thought that was about companies claiming back the VAT on new cars.

    The increase from �8K to �12K is the value of the car for which a
    'capital allowance'  can be made - whatever that means.
    
    Taxi and car hire firms, and driving schools, and now going to be able
    to reclaim the VAT on cars - impling that all other businesses (still)
    can't.
    
    Ian.

    The calculation for SCT is 5% x 5/6 of the basic price before VAT.
    17.5% VAT is on top of this.
    
               John

    
    Cars are one of the few things a company can't claim VAT back on (when
    it's a genuine company expense), vans are a different matter.
    
    Mark

    
    re: .170
    
    Presumably not true if the cars are simply stock-in-trade and not used
    as cars (eg. for a motor dealer).
    
    Mike H.
    
    

    I don't think it was Re.170 but..   

    	There is a special secondhand car VAT scheme and I guess a ``new''
    car scheme but I guess that you have to prove that you are a car
    dealer. But I don't know any details...
    
    	Mind you Rutter probably qualifies for this :-)
    
    		Rik

    
    Yep, I guess you can claim back the tax if you can _prove_ you are a 
    dealer, but I also _Guess_ you have to collect VAT when you sell!
    
    Mark

    
    I know I'll be corrected if I'm wrong but as far as I know there is no
    VAT on secondhand cars.
    
    Chris
    

    Second-hand car dealers have to pay VAT on the profit that they make.
    
    Ian.

    ... and they don't have to tell you the VAT, 'cos that way you could
    work out their profit !!
    

    
    
    I've been sent two vouchers that can be exchanged for a 48 hour test
    drive in any model of a Vauxhall Vectra or a Vauxhall Omega. 
    
    To use these vouchers you must be:
     
    	a) a company car driver
    	b) over 25 years old
    	c) possess a credit card
    	d) in possession of "a full driving licence which has been valid for
    		at least one year"
    
    The vouchers are valid until 31.3.97 
    
    If anyone wants one of these vouchers please mail me and let me know if
    it's the Vectra or Omega you want.
    
    Dave
    

Why a credit card ?

Alan

    I think it's to ensure Vauxhall can recover the cost of repairing any
    damage or replacing any fuel used. The cars arrive with a full tank of 
    fuel less the amount used for delivery. When returned the cars are 
    expected to have a full tank also. 
    
    

    Thanks  Dave for the offer but all Digital company car drivers
    can get extended test drives of 48hrs or more directly through
    leaseplan for virtually any model (BMWs are a problem though). Although
    a few weeks notice is needed.
    
    A free tank of fuel is usually provided too :-)
    
    Royston