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Debt
http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=1&t=31121		 Page 1 of 2
Author:  ven2112 [ Sun Apr 02, 2017 1:21 pm ]
Post subject:  Debt
was talking to one of the lads last night about his bus, he then said he bought it brand new 2 years ago, he pays £560pm :shock: :shock: :shock: , fooking hell, if i had that hanging over me for another 3 years ( that's what he has left) i wouldn't be able to sleep at night, he just hacks, no school run or office add his juice charges & ins & the rest, it must cost a fooking bomb :shock: heres me worrying about a 5-7k loan & i have a school run :lol: :lol: :lol: he did say he would never ever do it again mind, he can never afford to take time off , im not fooking suprised !!
Author:  Nidge2 [ Sun Apr 02, 2017 6:03 pm ]
Post subject:  Re: Debt
ven2112 wrote:
was talking to one of the lads last night about his bus, he then said he bought it brand new 2 years ago, he pays £560pm :shock: :shock: :shock: , fooking hell, if i had that hanging over me for another 3 years ( that's what he has left) i wouldn't be able to sleep at night, he just hacks, no school run or office add his juice charges & ins & the rest, it must cost a fooking bomb :shock: heres me worrying about a 5-7k loan & i have a school run :lol: :lol: :lol: he did say he would never ever do it again mind, he can never afford to take time off , im not fooking suprised !!



It's got to be costing him £200+ per week. He'll be better of renting without any of the hassle.
Author:  wannabeeahack [ Sun Apr 02, 2017 6:59 pm ]
Post subject:  Re: Debt
Nidge2 wrote:
ven2112 wrote:
was talking to one of the lads last night about his bus, he then said he bought it brand new 2 years ago, he pays £560pm :shock: :shock: :shock: , fooking hell, if i had that hanging over me for another 3 years ( that's what he has left) i wouldn't be able to sleep at night, he just hacks, no school run or office add his juice charges & ins & the rest, it must cost a fooking bomb :shock: heres me worrying about a 5-7k loan & i have a school run :lol: :lol: :lol: he did say he would never ever do it again mind, he can never afford to take time off , im not fooking suprised !!



It's got to be costing him £200+ per week. He'll be better of renting without any of the hassle.



Buying used to get you 40% write down for tax in year 1(then 3 x 20% in subsequent years) but not now

He could have got the VAT back off it by registering (for a year)

renting (if you mean NOT off a base) includes VAT but is 100% tax deductable weekly (if you like), always assuming you can find anywhere to rent one from (or lease)

renting off a base (£320/week here) will cost him as much or more with no end in sight but without servicing/insurance/repairs/plates, etc

my last car was a cash purchase £4000, lasted 18months cost me £1000 in services/tyres and took £4000 in its last month but only did 40mpg (Chevrolet Epica), bought with a loan at £150/month

this one was new, total purchase £20K, ive paid half (VATman gave me £3K) I so can chuck it back FOC, does 60mpg, my school run will go up to £582 a week after Easter. car costs me £300/month. The better mpg almost pays the extra outgoings

I went hackney plated 2 years ago simply because we intended moving out of my LA, then didnt, I havent worked the ranks this year, id happily go back to PH.........and be ready to UBER-up if they come close :badgrin:
Author:  Nidge2 [ Sun Apr 02, 2017 7:17 pm ]
Post subject:  Re: Debt
I don't think he'll be VAT registered somehow do you?
Author:  wannabeeahack [ Sun Apr 02, 2017 7:24 pm ]
Post subject:  Re: Debt
Nidge2 wrote:
I don't think he'll be VAT registered somehow do you?


His accountant would have advised him


5 years base rent here (£320 inc pda) is £83,200

how much is his bus costing him at £560/month x 60 = £33,600 with maybe something leaft after to sell?

and thats assuming a base vehicle comes with a reciept for the £83K.... or he will be paying 20% of that to the taxman himself extra
Author:  grandad [ Sun Apr 02, 2017 7:53 pm ]
Post subject:  Re: Debt
Nidge2 wrote:
I don't think he'll be VAT registered somehow do you?

Anyone can register for VAT. You don't have to be above the threshold.
Author:  edders23 [ Sun Apr 02, 2017 9:11 pm ]
Post subject:  Re: Debt
grandad wrote:
Nidge2 wrote:
I don't think he'll be VAT registered somehow do you?

Anyone can register for VAT. You don't have to be above the threshold.



bet getting DE registered is not so simple :wink:
Author:  wannabeeahack [ Sun Apr 02, 2017 10:23 pm ]
Post subject:  Re: Debt
edders23 wrote:
grandad wrote:
Nidge2 wrote:
I don't think he'll be VAT registered somehow do you?

Anyone can register for VAT. You don't have to be above the threshold.



bet getting DE registered is not so simple :wink:


Actually its not...
Author:  wannabeeahack [ Sun Apr 02, 2017 10:33 pm ]
Post subject:  Re: Debt
Of course if we all got paid what we were worth we wouldnt need credit to buy cars

though 1 guy in town did keep an 05 Focus estate running he bought for £750
Author:  tangarinearmy [ Tue Apr 04, 2017 9:44 am ]
Post subject:  Re: Debt
Im proudly running my 2002 peugeot 406 bought last march 2016 for an outrageous £500 with 90000 miles on it
My meter starts the same as the idiots with new cars
Author:  wannabeeahack [ Tue Apr 04, 2017 11:08 am ]
Post subject:  Re: Debt
tangarinearmy wrote:
Im proudly running my 2002 peugeot 406 bought last march 2016 for an outrageous £500 with 90000 miles on it
My meter starts the same as the idiots with new cars


Respect

If I didnt have my contract id do the same but i needed some security, warranty and anyway, my LA require under 6 years old for a 1st plate.........
Author:  ven2112 [ Tue Apr 04, 2017 4:33 pm ]
Post subject:  Re: Debt
tangarinearmy wrote:
Im proudly running my 2002 peugeot 406 bought last march 2016 for an outrageous £500 with 90000 miles on it
My meter starts the same as the idiots with new cars

=D> =D>
Author:  skippy41 [ Tue Apr 04, 2017 5:35 pm ]
Post subject:  Re: Debt
tangarinearmy wrote:
Im proudly running my 2002 peugeot 406 bought last march 2016 for an outrageous £500 with 90000 miles on it
My meter starts the same as the idiots with new cars

if we didn't have a stupid 7 year 11 month age limit so would I
Author:  grandad [ Tue Apr 04, 2017 5:57 pm ]
Post subject:  Re: Debt
tangarinearmy wrote:
Im proudly running my 2002 peugeot 406 bought last march 2016 for an outrageous £500 with 90000 miles on it
My meter starts the same as the idiots with new cars

Is that one of the newer cars in the Blackpool fleet? :mrgreen:
Author:  ven2112 [ Thu Apr 06, 2017 5:24 pm ]
Post subject:  Re: Debt
grandad wrote:
tangarinearmy wrote:
Im proudly running my 2002 peugeot 406 bought last march 2016 for an outrageous £500 with 90000 miles on it
My meter starts the same as the idiots with new cars

Is that one of the newer cars in the Blackpool fleet? :mrgreen:

=D> :lol: :lol:
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