Purchase or pay tax

For the discussion of hand tools, power tools, operated and non-operated plant, and all sorts of kit associated with the paving and drainage trades
Forestboy1978
Posts: 1000
Joined: Sun Oct 23, 2011 9:57 am
Location: southampton, hampshire

Post: # 112182Post Forestboy1978

I need another vehicle... I'm going to have to pay a load of tax as I have 2 businesses both ticking over as a sole trader. New guy seems good but now quite often my little vivaro is used as well as my truck leaving me without a vehicle.

Need something that pulls 3.5 tons so a pick up is what I'm looking to get. I'm sorely tempted to just say "XXXX it" and get this http://www2.autotrader.co.uk/classif....&page=2

and then pay no tax for like,, ever lol.. but with that money I could get a 3.5 ton trailer, digger, cheap wagon etc.. so I'm probably not going to do it but by god am I tempted..

Opinions always bloody appreciated :-)

dig dug dan
Posts: 2504
Joined: Thu Jul 10, 2003 10:20 pm
Location: hemel hempstead,herts. 01442 212315

Post: # 112184Post dig dug dan

first, dont even think about a ranger. Another forum I am on, the tree guys are all slating them, some have blown engines after 6 months, broken drivetrains, all sorts of problems, and by the sounds of it, ford are not sorting it.
one guy was assured he could tow 3.5tonnes, only to find the vin plate stating 2.3!
Best thing, lease a vehicle, its 100% tax deductable, and what you rather,pay the taxman, or have a decent vehicle??

Tough choice that one! :D
Dan the Crusher Man
01442 212315
www.crusherhire.co.uk
"a satisfied customer? we should have them stuffed!"

rxbren
Posts: 394
Joined: Thu Jan 05, 2012 11:41 am
Location: northampton

Post: # 112185Post rxbren

i have literally just picked up a couple of weeks ago a 2016 3.2 auto wildtrack with roller shutter, tow bar, tech pack and 240v socket in the rear its also the first pickup to ever get 5 star ncap rating

48k (with vat) is so much money for what is essentially just a few bolt ons fair enough it has rear diff lock (its an extra fairly cheap one but not many spec it) but far to much money the m sport version is cheaper but again still silly money you will get a facelift model at about a year old for just under half of the one in your link and will have a roller shutter (over a grand to buy) and a fitted towbar

youll still pay tax next year youll only be able to write off aia down to you personal allowance (unless you want to make a loss) then write the rest down at 18% for the next few years

only things to consider are you cant load any of the pickups to the hilt and pull 3.5t the ranger losses around 700kg of possible load nissan a bit less not sure on the dmax the l200 has the highest max permissable load it tows less but with it being the lightest truck you can have more payload on it but not heard many good reports and considering mitsubishi have halved the mileage (was 5yr 125k now 5yr 62.5k) on the warranty dont think they have much faith in the new engine plus the brochure in my local dealer lies/misses out information on the comparisons it makes between other pick ups.

in 3.2 auto with tech pack the ranger weighs in over 2.2t so technically doesnt count as a dual purpose vehicle as it over 2.04t so you have lower van speed limits on dual carrigeways and nation speed limit single lane a and b roads

seems all the pickups with getting bigger and safer are piling the kgs on so you have some versions that are under 2.04t and with bigger engines/more options push you over the threshold

and on the hilux front all you need to see is this https://www.youtube.com/watch?v=xoHbn8-ROiQ

Forestboy1978
Posts: 1000
Joined: Sun Oct 23, 2011 9:57 am
Location: southampton, hampshire

Post: # 112186Post Forestboy1978

Ah, yeah, I don't have a mortgage btw so it's more of a consideration than it first appears.

I'll do some more research on the ranger. I do know a few guys with them though and they love them. Only complaints being ride being not so comfortable.

rxbren
Posts: 394
Joined: Thu Jan 05, 2012 11:41 am
Location: northampton

Post: # 112187Post rxbren

not seen any issues with the rangers the 4x2 dont have the 3.5t tow

as far as i know for leasing you can only claim the interest back as you will never own the vehicle same thing for hiring so you cant claim the full cost

rxbren
Posts: 394
Joined: Thu Jan 05, 2012 11:41 am
Location: northampton

Post: # 112188Post rxbren

look at the austrailian forums there on there with hundreds of thousands of k of no issues

Forestboy1978
Posts: 1000
Joined: Sun Oct 23, 2011 9:57 am
Location: southampton, hampshire

Post: # 112189Post Forestboy1978

Cheers for the info RX

Looking at lease options atm and I haven't got much time on it tonight but the lease hire rates per month alone, not including deposit seem to outstrip depreciation rate....

Not seeing it as value for money at first glance

Yeah that Toyo video was shocking....wow

dig dug dan
Posts: 2504
Joined: Thu Jul 10, 2003 10:20 pm
Location: hemel hempstead,herts. 01442 212315

Post: # 112190Post dig dug dan

rxbren wrote:not seen any issues with the rangers the 4x2 dont have the 3.5t tow

as far as i know for leasing you can only claim the interest back as you will never own the vehicle same thing for hiring so you cant claim the full cost
Nope. I lease purchase. Its 100%tax deductable. I buy mine for 2% of the value, keep it another year, then sell it for another
Dan the Crusher Man
01442 212315
www.crusherhire.co.uk
"a satisfied customer? we should have them stuffed!"

rxbren
Posts: 394
Joined: Thu Jan 05, 2012 11:41 am
Location: northampton

Post: # 112192Post rxbren

Lease purchase different sorry bud I thought lease hire

dig dug dan
Posts: 2504
Joined: Thu Jul 10, 2003 10:20 pm
Location: hemel hempstead,herts. 01442 212315

Post: # 112195Post dig dug dan

I have to do a confusing thing of selling it to the lease company, then buying it back again, some sort of tax loophole. Done it for 20 odd years like that. Seems to work. Always have a new reliable truck, no repair bills and good resale value
Dan the Crusher Man
01442 212315
www.crusherhire.co.uk
"a satisfied customer? we should have them stuffed!"

Forestboy1978
Posts: 1000
Joined: Sun Oct 23, 2011 9:57 am
Location: southampton, hampshire

Post: # 112196Post Forestboy1978

Rx that's 40k including VAT not plus vat. I'd end up paying 34k

Forestboy1978
Posts: 1000
Joined: Sun Oct 23, 2011 9:57 am
Location: southampton, hampshire

Post: # 112197Post Forestboy1978

Plus it is damn sexy;-)

Forestboy1978
Posts: 1000
Joined: Sun Oct 23, 2011 9:57 am
Location: southampton, hampshire

Post: # 112198Post Forestboy1978

dig dug dan wrote:I have to do a confusing thing of selling it to the lease company, then buying it back again, some sort of tax loophole. Done it for 20 odd years like that. Seems to work. Always have a new reliable truck, no repair bills and good resale value
Yeah I have no idea what you're on about but 2% per years sounds damn good.

rxbren
Posts: 394
Joined: Thu Jan 05, 2012 11:41 am
Location: northampton

Post: # 112199Post rxbren

still silly money for some bolt on mods and a matt black spray over considering (im guessing due to seats) its based on a limited with off road pack and sat nav extras its an additional 8.4k (inc vat) for derranged bolt ons than what it would cost new from ford

on looking closer its 6 months old and it is a limited model

Forestboy1978
Posts: 1000
Joined: Sun Oct 23, 2011 9:57 am
Location: southampton, hampshire

Post: # 112200Post Forestboy1978

yeah it's not for me. Too flashy really. I do like it though.

Thinking of tricked up defender instead. Dog will screw something too nice. Defender she can be thrown in the back. Not sure on it's towing capacity though. Think it should be fine but not sure yet

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