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Author Car finance
Pop
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Registered: 8th May 03
Location: Reading
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4th Sep 06 at 19:07   View User's Profile U2U Member Reply With Quote
there's plenty of franchises that have 0% offers on car £20k+... just depends how much you have for the deposit
Ian
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Registered: 28th Aug 99
Location: Liverpool
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4th Sep 06 at 19:49   View Garage View User's Profile U2U Member Reply With Quote
Personal lease figures need VAT adding to them, or if you want a company just for this then you need VAT registration so you need to turning over 50k ish.

Leasing is also only OK if the car you want holds its value, so you don't really get so much choice.
antonOO2
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Registered: 17th Sep 02
Location: Midlands
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4th Sep 06 at 20:00   View User's Profile U2U Member Reply With Quote
You can be VAT registered under 50K but you dont have to.You can volanteer god knows why people do ,but they do
JadeM
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Registered: 9th Feb 06
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4th Sep 06 at 20:25   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by antonOO2
You can be VAT registered under 50K but you dont have to.You can volanteer god knows why people do ,but they do


I thought you had to declare all earnings to the tax man no matter how big / small your company
JadeM
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Registered: 9th Feb 06
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4th Sep 06 at 20:31   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Fad
Loans with low rates are the best bet if you want to keep a car and dont do what my mate did...remortgages his house to buy an M3


Humorous but not at all daft!!!

Way I see it:

My house is worth maybe £25k more than when I bought it 18months ago, I could in theory remortgage & have a £25-£30k car for £100/month......over 25years (in increased repayments), but in reality the house will be sold on & other mortgage deals signed in the next say 2-3yrs anyway so the car-emortgage could be pretty much washed under the carpet in no time at all!! Kinda like my house bought me a car
Ian
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Registered: 28th Aug 99
Location: Liverpool
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4th Sep 06 at 21:50   View Garage View User's Profile U2U Member Reply With Quote
You have £25k equity whichever way you look at it. If you remortgage you are in exactly the same position as if you bought your house now not 18 months ago.

Depends if you would want to take on your current flat for 25k more than you had to buy with last year. Personally if I add 25k to the price of mine it makes it far too expensive and I wouldn't have bought it!
John_C
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Registered: 5th Mar 03
Location: South east, Bromley
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4th Sep 06 at 22:01   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by JadeM
quote:
Originally posted by antonOO2
You can be VAT registered under 50K but you dont have to.You can volanteer god knows why people do ,but they do


I thought you had to declare all earnings to the tax man no matter how big / small your company


u do get taxed wot ever. vat is added to goods and services if vat registered. u have to be vat registered if ur company earns over 60k a year.

u can't setup a company just to run a car off it. the company would look like its making a loss each year, making it insolvent. if ur clearing that kind of money a month be sensible overpay ur mortgages then retire early

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