As my company is buying the car then full corporation tax relief in the year of purchase is applied, saving approx £20K... At the end of the deal, after the £48k balloon payment, I can sell the car, hopefully for more than £48k! Then the company pays Corporation tax on the sale price as itld...
In the UK I can deduct the full £90K purchase price from my company profits in the year of initial purchase... Saving approx £20k-£22k in corporation tax...
Which I suppose pays for the finance charges...
I hadn't thought of it that way! !
?
After the 48 months you pay a balloon payment of 48K then you own the car outright...
Or, you hand the car back and they give you the equity as a deposit on a new Taycan (so no 2nd deposit), and you just continue with the monthly payments for another 48 months...
Been looking at other financing options, rates lower, but "subject to elegibility"... My small business is 4 years old so need to check it out... Thanks all for your ideas and advice!
I talked to the rep, he was sorry, but said "it is what it is, take it or leave it"..
I looked at getting finance elsewhere, but through my small business it's really a non-starter...
I'll wait until I get some idea off them regarding delivery, then see if I can put some pressure on regarding...
Apparently the small print basically says, "you're signing up, but we can change anything we want...".
Talked to a Toyota dealer, he said they honour all signed documents, but Porsche don't..
Hello all...
I placed my order for a RWD with really nice set of options last June.. signed the paperwork, interest rate of 6.9% and blah blah..
Had an email a couple of weeks ago, car gone up circa £2,000 and interest rate now 10.9%... over 4 years this all adds £14,000 to the total price...
Would indeed be something I'd spec in, if there were 2 or 3 sounds to choose from, for a reasonable fee - of course Porsche are good at charging for everything and anything!