Do you also post on iphone deals that is would be cheaper to buy a 2nd hand Nokia 3310 and run it for 10 years than to switch smart phone every year or 2? Firstly people who want a new car are usually after something different than people who want a 2nd hand car. I used to only drive 2nd hand cars, but now I have paid off my mortgage and the mortgages of our 2 other properties I feel that I can afford new cars, and don't want the hassle of repairs, mots etc... but equally I buy Chinese android phones rather than splash out on an iphone or a Samsung. Secondly people like myself who are in the market for a long range EV (electric vehicle) are not in the market for any ICE (internal combustion engine car). Fundamentally they are different, once you have driven an EV you will understand that no ICE can ever drive as smoothly. If you have solar panels on your roof, you may also like that you can utilise your spare solar capacity to give yourself 1000-2000 free relatively green miles of driving. Also I like not being a local polluter. Driving past children walking to school (or more likely them walking past me as I am stuck in traffic jam going 1-2mph) it is good to know I am not belching out harmful fumes directly into there lungs. So with all that said my next car will be a long range EV. This deal beat the depreciation of the car of the year by a lot. Now hypothetically if I was in the market for a 2nd hand long range EV I would be limited to a Tesla model S/X or a Kia E-niro. 2nd hand Kia E-Niro are currently all more expensive than new ones that have a 1 year waiting list... but if I keep an Kia E-Niro for 3 years it will likely be worth around 50% of the price paid which means its depreciation would be roughly the same. This is because there will be more long range EVs around in 1-3 years so pent up demand may be satisfied. The Model S and Model X both depreciate at a similar pace but being 2nd hand I would also have to pay repairs. Sure if I buy one and drive it for 10 years I may come out ahead but I like changing car frequently, and this is all new technology so maybe I need a new battery pack and electronics controllers before the car makes it to 10-12 years old and maybe I spend the extra £5-15,000 on this and then it dies and I scrap it, and now my 2nd hand Tesla that I just purchased for £40,000 works out way more expensive than this deal.
Do you have to buy a new car? Cheaper to buy a used car and run it to the ground.
In those test the I-Pace had a small advantage at low speeds (3.5%) compared to the Tesla but seeing as the Model X has a cargo capacity of 2487L vs 1453L of the I-Pace the little efficiency gain is hardly worth anything and at higher speeds that gain is lost.
Sorry I think I misjudged your question and thought you were trying to think of a naive way to pay for the car with a company that can't afford it, like the sarcastic people who say ' you can buy a 4 year old 3 series for that.' As for what method would I use to see if viable, then just some basic maths, which I'm hoping is roughly correct. If my company is showing £100k profit after salary and pension contributions to my wife and I, I know I'm in for a £19k corporation tax bill. If I lease a car that costs £10k+vat for arguments sake per year, then my net profit reduced by £11k, and corporation tax reduced too by about £2000 each year. Then take in to account to pay for the car privately I'd need an additional £11k income each year. First £2000 free but then 7.5% on the remaining £9000, and that assumes I'm not drawing dividends already. I claim full child benefit too so wouldn't want to go in to the higher rate band. Add on the extra corporation tax and business leasing is looking far more efficient. I do pretty much zero business miles so no real benefit of claiming 45p. So yeah, if a deal comes up like this in time for April next year, there will never be a better time to purchase an electric car through business contract hire.
I'm not sure if how you're intending to come across but it's not the greatest. Yes, of course you need to be able to afford things, what I was simply asking open ended was......what method are you going about making it financially viable through your limited company. One thing is being able to afford something and the other is being efficient and doing so. For example, I can afford to buy the brand new RS6, do I want to? No. Can I afford to buy a Tesla? Depending which one, yes. Do I want to? Yes, because it makes financial sense if done properly, specially since the BIK changes proposed for 2020. Clever accounting isn't necessarily the direct answer, amazing accountants could be crap at certain things or miss stuff out, they're human after all. The advice given on here, can and will help/guide others. (The right advice of course). Nevertheless, thanks for having taken your time to reply.