Can I add in a second income that is not part of the salary sacrifice, and has a second tax code BR (but makes my overall income 40%)
@CarFinanceSimplified2 күн бұрын
Hi. Not currently.
@441stainesphil519 күн бұрын
Nothing like a real life example.
@geraintjones719220 күн бұрын
Hi, Great videos, thanks! Struggling to get the spreadsheet for PCP. Can you clarify please? Thank you
@CarFinanceSimplified20 күн бұрын
Hi. Many thanks. Have you tried emailing me - [email protected]. This will provide the links. Or they should be in the description of this video. Best wishes.
@geraintjones719220 күн бұрын
@@CarFinanceSimplified thank you, will do!
@slicklace24 күн бұрын
Great informative video! People need to see this as I don’t think they are aware.
@stevenbarrett764824 күн бұрын
Very good, we did this a few years ago with a Range Rover, no issues at all, no negative impact on our credit rating either.
@slicklace24 күн бұрын
That’s amazing! Did your credit score improve from the settlement or just stayed the same?
@stevenbarrett764824 күн бұрын
@@slicklace No change, then again we both had 5 Star credit beforehand which may have helped
@slicklace24 күн бұрын
@@stevenbarrett7648 that’s great!
@geraintjones719220 күн бұрын
@@stevenbarrett7648 out of interest, did the finance company carry out checks when you returned the car?
@queensberryrulez5306Ай бұрын
Is the cost per kwh significantly higher in winter?
@CarFinanceSimplifiedАй бұрын
@@queensberryrulez5306 It wasn’t last winter no.
@queensberryrulez5306Ай бұрын
@@CarFinanceSimplified thanks mate. Have the standing charge and average rate pre kwh gone up since your vid?
@CarFinanceSimplifiedАй бұрын
@@queensberryrulez5306 Possibly! I’ve now moved to Intelligent and that is higher.
@queensberryrulez5306Ай бұрын
@@CarFinanceSimplified thanks. I have an EV and so was tempted but my house is all electric including heating system so was more attracted to lowering the kwh price for everything rather than just the car. Convenience of charging whenever also appealed to me.
@rossbennett762 ай бұрын
is the latest 2024-2025 spreadsheet available ?
@CarFinanceSimplified2 ай бұрын
Yes. Please email me if you’ve previously purchased.
@rossbennett762 ай бұрын
@@CarFinanceSimplified I haven't purchased previously, do i just email you?
@rossbennett762 ай бұрын
@@CarFinanceSimplified I haven't previously purchased from you.
@CarFinanceSimplified2 ай бұрын
@@rossbennett76Ah ok. Please email me [email protected] and you will receive instructions. Best wishes.
@stevenbarrett76482 ай бұрын
I don't see why we pensioners can't be included in some sort of Salary Sacrifice from our state / private pensions, why should we have to pay tax on earnings when employee's get this perk?
@RichardTait-up7zh2 ай бұрын
Why are salary sacrifice car deals gross value so much higher than personal lease deals, my salary sacrifice scheme comes out just about the same as i can get a ersonal lease for
@CarFinanceSimplified2 ай бұрын
That’s sometime the issue. It’s I think because they build in a lot for insurance. Better if you to do a straight business lease and sacrifice that.
@gadgetgaz662 ай бұрын
please sort the audio mate, all out of sync
@sevsevs2 ай бұрын
Super helpful. Thank you 🙏🏻
@CarFinanceSimplified2 ай бұрын
You're so welcome!
@mydrone96062 ай бұрын
Fucking hate the uk tax system....so complicated
@Smile3424 ай бұрын
The best pcp is with a bank and a car is yours. You pay a little more, but when you realise how much you spend on coffee, chips etc etc at work you can save.....£70 per month .Cooking at home is cheaper and better. Kind regards a poor 😂😂😂Nurse from NHS
@slicklace4 ай бұрын
Nice new car mate! You able to talk about your deal on it?
@CarFinanceSimplified4 ай бұрын
Don’t see why not - will do another video soon!
@stevenwilkins36874 ай бұрын
What was the payments on the Tesla / BMW please?
@stevenwilkins36874 ай бұрын
Perfect thanks 👍🏼
@peterurquhart71914 ай бұрын
That is 🥰🥰
@nitrofic21854 ай бұрын
👎👎🤢🤢
@SStickells4 ай бұрын
When doing a salary sacrifice, is insurance added into the price? Or is that just a free benefit typically?
@CarFinanceSimplified4 ай бұрын
If it’s a true complete scheme, yes but it’s definitely not free!
@SStickells4 ай бұрын
@@CarFinanceSimplified How would I know if it was a complete scheme? Is that something I talk to work about or is it dependent on the company I go through?
@CarFinanceSimplified4 ай бұрын
@@SStickells I would imagine that if your employer is offering it, it will include insurance. My experience though is that they can be quite expensive at times if the insurance is included since it has to be a constant amount for the whole 3 or 4 years. I would get some details from your employer.
@SStickells4 ай бұрын
@@CarFinanceSimplified 👍 cant properly get serious about it until past my probation period but just weighing up the options right now! appreciate it!
@wuffothewonderdog4 ай бұрын
Octopus Energy are a company that has increased its daily standing charges daily rate from 12p per day in 2022 to today's rate of 32p per day. What are they doing differently supplying me with electricity? They regularly try to take far too much money to build up their cash balance with my money. They haven't done anything except give themselves more cash in dividends. All the public utilities, electricity, gas, water, should be taken back into public ownership.
@CarFinanceSimplified4 ай бұрын
They’ve always been superb to deal with for me and always great value. Their tracker tariffs have been extremely good value over the past 12 months compared to the price cap.
@ColinSimp5 ай бұрын
I paid and downloaded your spreadsheet but it did not include the Scotland tax codes tab which was shown on the video ?
@CarFinanceSimplified5 ай бұрын
Sorry about that - the version on the online store currently doesn’t have the Scotland tab as I am yet to update it again. Please email me and I will try and get it updated ASAP. Best wishes, Justin
@leonbaptiste34956 ай бұрын
If you salary sacrifice in a big company it is a much higher price as the leasing companies and employers add all sorts of insurances , tax , protection insurance (if you leave the company they are stuck with a car so they add this on ) maintenance , tyres , and because the the Tesla is classed as a high value ev , they won’t even allow you to get the car if you have any points on your license. I got the model 3 highland for £810 salary sacrifice. As a 40% taxpayer I’m paying £589 for the car.
@CarFinanceSimplified6 ай бұрын
Yep. I’ve seen some silly quotes which aren’t much cheaper than a personal lease.
@johndoyle47237 ай бұрын
Thanks, I am probably wrong as I am new to Intelligent, but I believe that with my Ohme charger, when I get an active charging slot then the whole house is on the cheap rate. Everyones use case is different, so well done Octopus giving us so many tariffs to choose from, obviously you need smart meters and I cannot understand the reluctance to have them installed.
@kn587 ай бұрын
I have a similar ev use as yourself but I have a solar PV system with a 10kwh battery and was wondering if moving to intelligent from tracker will be cheaper for me as I can top up my house’s battery to charge at night too at the cheaper rate
@aneesahmed24647 ай бұрын
Hey, quick question doesnt the BIK payable need to be deducted from pay aswell as the BIK total amount being deducted from pwrsonal allowance ?
@welsh8bit6473 ай бұрын
@@CarFinanceSimplified Does you spreadsheet have the option to switch between these two? I have the spreadsheet and it only deducts from the tax code.
@CarFinanceSimplified3 ай бұрын
@@welsh8bit647 No but you could just add the BiK amount onto the taxable pay instead.
@Torchman-7 ай бұрын
Happy new year, thank you for the video!
@BalintGulyas7 ай бұрын
🎉 Thank you JD! Hope the best next year Feb i can order the Highland 👍 have a gret New Year's Eve! 420£/m is not that bad for this car...
@CarFinanceSimplified7 ай бұрын
Happy new year!
@iKaGe018 ай бұрын
Have a great start to the new year! Better start than the start of this video 😂
@BalintGulyas8 ай бұрын
Great video, thanks for your hard work. Please do a calculation on the Tesla SR highland too.
@CarFinanceSimplified8 ай бұрын
Many thanks. Good idea! I’ll get on it when I can find some figures for it.
@pkerry128 ай бұрын
tried the seal and tried the new highland 2024 model 3, and I have to say the model 3 highland has come along way and is definatlly better than the ByD but if you can't afford a tesla then a BYD is good option.
@CarFinanceSimplified8 ай бұрын
Interesting. I’ll be giving the highland a go next month. Lease prices are very similar so it’s not about affordability - I just liked the premium fit and finish of the Seal compared to my 2021 Model 3. Thanks for the comment.
@gregb15998 ай бұрын
I tried the new Model 3, and it was great until I hit that dreaded roundabout! LKA just works on the Tesla, all others seem to work until you go around a corner, and then good luck! One pedal driving on all BYD is a huge miss! But I personally will never buy a Tesla until they bring back indicator storks a front display or HUD a 360 degree camera and V2L!
@borinvlogs8 ай бұрын
I am still waiting for the release of the Model 3 Plaid or Ludicrous with carbon sleeved motors from the Model S Plaid. Currently use Model 3 Performance as my daily and there are not many alternatives that give this sort of performance, handling, trackability, technology and fun factors for the money.
@pkerry128 ай бұрын
@@gregb1599 i was lucky to get the last model 3 the 2023 model that had the stocks, after test driving a highland I am glad I didnt' wait for it. That being said the highland is very good they fixed alot fo the ride issues and its much quiets, drives less bumpy and smoother too.
@user-yn3vv3ct1p8 ай бұрын
I tried the BYD seal. Really liked it apart from the intense steaming up of the cabin on a really cold day. Has the app been updated with the new NI yet or is it just the spreadsheets?
@stewartcraigie50478 ай бұрын
We have 2 EV's with combined annual milage of over 25k, it makes IO a no brainer.
@andrewdent6968 ай бұрын
Has your insurance gone up on the Tesla? What's the depreciation like?
@user-yn3vv3ct1p9 ай бұрын
Please can you link the app as I can’t find it
@CarFinanceSimplified9 ай бұрын
@@user-yn3vv3ct1p please email me for details. [email protected]. I don’t accept PayPal. Best wishes.
@Smile3429 ай бұрын
Have bought the Toyota Aygo X cross on a PCP and after one year I had decided to apply for a loan from Natwest Bank and have my own PCP contract. Work in NHS and many people are worried about bills etc. Cars are too ekspensive etc. Don't believe that they will ban petrol cars, because electric cars from China are better and cheaper 😂😂😂. Hybrid, Hydrogen and diesel cars are future. Cutting %%%%% is the key when people can bay more and more, but there is too many id... 😠😡😡😡🥴🥴😵😵😵😵In Government these days
@charlesatkinson45879 ай бұрын
Hi, how do you do the spread sheet
@brianbaines49059 ай бұрын
Car insurance for electric are up to 110% more for some drivers. Push you need to add at least 30% of the time you might use a fast charger cos you’re away from home. It’s really ain’t worth it. PS you said on average 40mpg on the petrol that’s what I get racing my corsa. (36-38 mpg) city driving 48+ motorway 80+ mpg. Well done with your working out. That definitely would have helped a couple of people. Meany thanks
@CarFinanceSimplified9 ай бұрын
It depends on a few factors. For example, for me who salary sacrifices the lease payments and can charge at home, it’s an absolute no brainer. I’ve spent less than £500 to cover over 25000 miles over the past 2.5 years. The lease payments including all servicing and tyres on my Tesla also work out less than £350 per month with zero deposit. Many thanks for the comment.
@lharris82810 ай бұрын
Octopus rules me out because I have a charger, EV, solar and shortly an Octopus heat pump. Work out the problem ....... and I'll give the 'reason' later on 🤔😢😮
@stevecaunt719110 ай бұрын
An interesting comparison. Of course, the government is happy to allow their tax take from fuel duty to go to almost nothing for now…to get us all to switch to an EV. But if you factor in the fact that it cannot afford to lose this tax/duty income over the longer term, they are going to have to find a way to make the EV motorist pay more. Then the comparison may not look as evenly balanced as today’s figures might suggest.
@intothemultiverse103310 ай бұрын
Great stuff. Crazy savings until the Gov decide they lose to much money on it
@gsingh3011 ай бұрын
Thanks for all your efforts. Got a sub 👍
@CarFinanceSimplified11 ай бұрын
Thanks for watching!
@cdhayward11 ай бұрын
Gas is currently cheaper on the tracker tariff too. Could make a big difference now we're getting into winter. I don't believe you can have tracker gas prices without tracker electricity.
@ZoolsEpicMusic11 ай бұрын
It's kind of null and void if you don't have one of the supported cars and chargers though.😐
@ZoolsEpicMusic11 ай бұрын
@@CarFinanceSimplified also if you have intelligent octopus you can export at 15p /kWh
@marklola1211 ай бұрын
Hi i was on go faster for a year which ended so flexible was offered a fixed tariff at flexible prices on the new prices that is for 12 months Do you think i should do tracker at all Car charging wise its 3 pin only but i do not want go tariff or a tariff where cheap rate is 11.30.or 12 midnight as i wouldnt sleep with car plugged into a 3pin so its a no go for me Thinking tracker may be better since id be charging in day or morning now Will the prices go way up in winter though?
@CarFinanceSimplified11 ай бұрын
Tracker is excellent as you can plug the car in whenever you like. Who knows where prices will go but for the past 12 months it’s averaged only just over 20p.
@CarFinanceSimplified11 ай бұрын
*** Apologies - I forgot to amend the P11D value for the BMW! But, essentially we would just amend the P11D value to say £30k and then the multiply by the percentage.
@CJ017511 ай бұрын
You didn't change the P11D value in the 116D example though... Question though... if the amount you sacrifice brings you below the 40% tax threshold, is the BIK based on 20%?
@XStrikeSuper11 ай бұрын
I only drive about 100 miles per week. Would tracker be cheaper for us?
@CarFinanceSimplified11 ай бұрын
My wife does about 150 and it is for us. It’s still averaging about 18p all day at the moment. Even with the new price cap from October 1st, it’s still averaging much less.
@pistonslapuk11 ай бұрын
Good to see you back mate. Hope you’re well? I’d love to see a video in which you use a brand new bmw m3 for this haha.
@richiegsimpson Жыл бұрын
Hi, what is your opinion on 0% PCP deals. Cupra are currently offering 0% on their Cupra range. I am considering this offer on a Formentor VZ2 and would be glad of your opinion.