Man maths engaged

[daverichardson]

I am available though!

 

[MarkMas]

I am doing this too - well not with MrsMarkMas

Well, that's good to know!

I am available though!

I will put forward your application.....

 

[CatmanV2]

Hmm, so train is out.
Rental is not looking too attractive. To do overnight (which is my intention) I'll need two days + fuel. I guess that might save some money but not a huge amount. I might end up with a more comfortable car and fewer miles on the maser. Significant risk of not making it back in time to return and having to leave late to avoid 3 days rental.

It's a bit of a conundrum.

C

 

[rockits]

Seems it makes the most sense to keep and use the GT. It is going to be tough to sell at a decent price so may as well enjoy it, get the use of it & don't think you'd drop as much as you would if you changed it out for an intermediate car until to GT-S time.

How long you talking for? 18 month?

 

[Navcorr]

Rental is not looking too attractive. To do overnight (which is my intention) I'll need two days + fuel. I guess that might save some money but not a huge amount. I might end up with a more comfortable car and fewer miles on the maser. Significant risk of not making it back in time to return and having to leave late to avoid 3 days rental.

C

Possibly useful & surprisingly close by too:
https://www.avis.co.uk/car-hire-offers/european-offers/free-days-3-for-2-europe#

Need to include a Saturday though. Which still covers you for Mon, Thurs & Fri. Sods law dictates you'll need Tue & Wed though

 

[outrun]

I’d buy a GTS and do the boring commute in a banger. Just bought my dogs a Saab 9-3 turbo sport wagon with 64k, two owners and full history for £1300. They sell for £3k or so at a dealership with 100k miles on them so I reckon is I keep it 2 or 3 years, let the dogs scratch the bumper etc, i will still see at least a grand back.

 

[CatmanV2]

Possibly useful & surprisingly close by too:
https://www.avis.co.uk/car-hire-offers/european-offers/free-days-3-for-2-europe#

Need to include a Saturday though. Which still covers you for Mon, Thurs & Fri. Sods law dictates you'll need Tue & Wed though

More *early* Thursday am to late Friday. Which comes in at about £150 plus fuel.

If I picked up at 0900 on Thursday it drops drastically but then I'm not in Nottingham until 1200.

Hmmm

C

 

[CatmanV2]

Seems it makes the most sense to keep and use the GT. It is going to be tough to sell at a decent price so may as well enjoy it, get the use of it & don't think you'd drop as much as you would if you changed it out for an intermediate car until to GT-S time.

How long you talking for? 18 month?

18 months, give or take yes.

Apart from the 'it feels wrong' the GT is playing **** with my hips right now.

C

 

[CatmanV2]

I’d buy a GTS and do the boring commute in a banger. Just bought my dogs a Saab 9-3 turbo sport wagon with 64k, two owners and full history for £1300. They sell for £3k or so at a dealership with 100k miles on them so I reckon is I keep it 2 or 3 years, let the dogs scratch the bumper etc, i will still see at least a grand back.

Heheh if I had the cash in hand, I'd agree!

Trying to avoid doing the 3 car family thing.

But there's an interesting argument. Does anyone have any sort of cost per mile on the GT? All in?

Cheers

C

 

[Scaf]

Thanks all

Comfort is definitely a factor here as well. I get 22p per mile so renting may well make some sense.

I shall think on

C

If they are business miles then the tax man will allow you to claim the tax back on the difference between 45p and the 22p you are getting (for 10,000 Miles) that’s worth best part of a grand.

 

[rockits]

I don't do so many miles any more so when I do them I want to do them in a car or two I enjoy driving. Sod bangernomics.

Always feels like a compromise too far for me. I'd rather pay more a drive a big V8. If I did lots more miles I agree it changes things a bit. As I don't.....V8 all the way!

 

[CatmanV2]

If they are business miles then the tax man will allow you to claim the tax back on the difference between 45p and the 22p you are getting (for 10,000 Miles) that’s worth best part of a grand.

Will they? Even though I get a car allowance?

C

 

[rockits]

Yup, if your car costs more to run than the allowance offered/given that doesn't cover it then you can claim tax relief against the difference.

 

[CatmanV2]

Yup, if your car costs more to run than the allowance offered/given that so doesn't cover it then you can claim tax relief against the difference.

Good to know! Thanks!

C

 

[Caldy999]

I thought that ‘commuting’ mileage was not allowed as being tax deductible?

 

[D Walker]

I thought that ‘commuting’ mileage was not allowed as being tax deductible?

Me too, I was of the opinion you just get the 45p for first 10k then 22 or 25 thereafter. That's it.

 

[rockits]

Only if it is to and from a permanent place of work as is not construed as business mileage at that point. Catman should be fine as this should be classed as clear business mileage.

I thought that ‘commuting’ mileage was not allowed as being tax deductible?

 

[rockits]

Me too, I was of the opinion you just get the 45p for first 10k then 22 or 25 thereafter. That's it.

That is the recommended govt. guidelines of 40p for first 10k then 25p per mile over that. That is for full fuel & wear/tear. Your employer can pay more or less than these guidelines or just the fuel element. However either way you claim tax relief if it doesn't cover it or pay more tax strictly if it costs you less as is seen as income/benefit.

All Catman needs to work out is his cost per mile for the chosen vehicle & claim tax relief in the difference to what is being given.

 

[D Walker]

Ah, I see, hence also why I get it for 2 years unless I move on.

 

[rockits]

This is my understanding of all the rules & guidelines after many discussions with my accountant.