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Conference terri::cars_uk

Title:	Cars in the UK
Notice:	Please read new conference charter 1.70
Moderator:	COMICS::SHELLEYELD

Created:	Sun Mar 06 1994
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	2584
Total number of notes:	63384

2138.0. "Car Scheme financials......." by DS3100::stuart (Stuart Broderick) Thu Aug 19 1993 17:03

I'm currently in the process of selecting a replacement car - I'm going
to stay in the scheme, but decided to do some calculations based on GM
cars and my favourite Citroen.

The resultant calculation proved to be very interesting and certainly
gave me food for thought.


The calculations are based on a level 8/9 paying 40% tax. The basic
premis is that I require ABS on my car and possibly metallic paint and
electric sunroof --- no comments on my choice please ;-)


Regardless, read and enjoy perhaps even comment.

Stuart

------------------------------------------------------------------------------

Lease Money            3560.00          Curr Tax     1196.00
                                                                Additive   Cost   
Car                    Cost     Total     Lease    Tax        fy 93/94 fy 94/95
============================================================= NOTE 1    NOTE 2
Test car             12409.24   12814.24   3560   1196.00        0.00      0.00

Cavalier CDTD        15476.00   15881.00   3320   1482.23     -144.00    142.23
inc Elec S/roof                                              

Citroen Xantia SXTD  13950.00   14365.00   3916   1340.73      213.60    358.33
                                                                      
Cavalier GLSTD       13891.00   14296.00   2981   1334.29     -347.40   -209.11
inc Elec S/roof                         
inc ABS            

Cavalier GLSTD       12885.00   13290.00   2865   1240.40     -417.00   -372.60

Astra Conv 2.0i      15994.00   16399.00   3964   1530.57      242.40    576.97
inc metallic paint                                                    

Astra GLS TD         11920.00   12325.00   2824   1150.33     -441.60   -487.27
saloon                                                                

Corsa GSi 1.6i 16v   10975.00   11380.00   3328   1062.13     -139.20   -273.07
                                                                      
                        negative is money I gain
                        positive is money I pay to taxman or Digital

                        NOTE 1 The fy93/94 figure assumes is the difference 
                               between the std 3560 and the cost of the vehicle
                        NOTE 2 Calculated via (tax - 1196) + 0.6*(lease -3560)

T.R Title User Personal
Name Date Lines

2138.1 Additional Info to .0 DS3100::stuart Stuart Broderick Thu Aug 19 1993 18:11 10

T.R	Title	User	Personal Name	Date	Lines
2138.1	Additional Info to .0	DS3100::stuart	Stuart Broderick	`Thu Aug 19 1993 18:11`	10
	In the previous note, the 'total' column is the total price of the car + option AND the delivery price. The local tax office stated that the taxable benefit INCLUDED the delivery charges AND any options fitted to the car and that the LIST price NOT the purchase price was used as the basis of the tax assessment Stuart

In the previous note, the 'total' column is the total price of the car +
option AND the delivery price. 

The local tax office stated that the taxable benefit INCLUDED the delivery 
charges AND any options fitted to the car and that the LIST price NOT the 
purchase price was used as the basis of the tax assessment


Stuart