Re: Vince's xm - just weeks away now!
Posted: Mon Sep 01, 2014 9:52 am
Unless your mileage is going to be high and depending on the allowance available, I would go for the cash for car scheme. Running a car up to 5 years old gives plenty of scope and will probably give a cash surplus to fund the XM.Vince wrote: Now i have to keep the nissan until the lease runs out, which im waiting for confirmation on, but it looks like it will be sometime in 2015. Once that runs out, my only option is the car allowance to drive something 5 years old at most, or a salary sacrifice which gives me a brand new car,
Buy something 1-2 years old that is cheap to run, keep the XM for a more special car.
Buy something you can pass onto someone else at the 5 years (Linda), so you get the benefit of a longer depreciation curve and they get a 5 year old car that you know.