Taycan Official Launch

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Wing Commander
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Post by Wing Commander »

smithy37 wrote: Thu Sep 12, 2019 5:26 pm
Wing Commander wrote: Thu Sep 12, 2019 1:32 pm ^^^ Very nice, Smithy. :)

As I said, I'm surprised with 'only' an 8 month lead time & that the SA is chasing you for your order/deposit. Either they have really ramped up Taycan production capacity, or the initial orders for Turbo & Turbo S are not quite as high as they expected...?

I wonder when they'll be announcing the more mainstream models in the Taycan range...
We’re now down to £1k deposit after a further call and numerous emails. Current estimate for collection is now June, although I’m in no rush! I’ve a 911 GTS to enjoy :D

Had a long discussion with my accountant today and quite frankly I’m stunned I can make this work as a company car. The wife is on board so I’m going to sleep on it. If I still feel the same way tomorrow then I’m in.

This escalated quickly :oops:
Wow! That did escalate quickly! :lol:

Not sure that my employer would authorise a £150k Porsche as my company car, albeit an electric one! ;)

Can’t wait to hear that you’ve lodged your deposit...! :P
Simon

Sold: 2016 Rhodium Silver Macan 2.0
Sold: 2013 Platinum Silver 911 (991.1) C2
Sold: 2017 Carmine Red Panamera 4
Mine: 991.2 Carrera T Racing Yellow 06/04/2018

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VanB
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Post by VanB »

I’m surprised you can make it work as a company car given that electric cars were penalised only a couple of years ago
Current - 991.2 GTS C4 GT Silver
Previous: Macan GTS Night Blue
Previous: 981 Cayman S Agate
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pmg
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Post by pmg »

Wing Commander wrote: Thu Sep 12, 2019 6:01 pm
smithy37 wrote: Thu Sep 12, 2019 5:26 pm
Wing Commander wrote: Thu Sep 12, 2019 1:32 pm ^^^ Very nice, Smithy. :)

:

Not sure that my employer would authorise a £150k Porsche as my company car, albeit an electric one! ;)

:P
A friend does some consultancy work for a Swedish Classical CD/recording company whose boss, (a car fanatic who over the years has owned a great variety of interesting vehicles), bought 6 of the first Tesla S's in Europe as the company car fleet. They are all still owned by the company some 150k plus and finally starting to use battery capacity.
2019 Macan S Porsche code PKW8WKI8
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smithy37
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Post by smithy37 »

VanB wrote: Thu Sep 12, 2019 6:58 pm I’m surprised you can make it work as a company car given that electric cars were penalised only a couple of years ago
My accountant was surprised too. A lot of the saving is the reduction of benefit in kind to 0% from next April, amongst others.

I’d delve deeply into the why’s and wherefore’s but you’d all fall asleep. It took me a while to digest all the figures that were being bandied about. Upshot is it will work in my favour, so why not?
Taycan Turbo S
http://www.porsche-code.com/PMPMJ963

Litchfield tuned Porsche Carrera 4 GTS (991.2)

Sold in Jan 2019 - Cayenne Turbo (E3)

Sold in 2018 - Macan Turbo (15):
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VanB
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Post by VanB »

0% next year followed by 1%, 2% and 94% (the first two are published but HMRC will get you by the short and curlies eventually)!
Current - 991.2 GTS C4 GT Silver
Previous: Macan GTS Night Blue
Previous: 981 Cayman S Agate
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smithy37
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Post by smithy37 »

VanB wrote: Thu Sep 12, 2019 8:40 pm 0% next year followed by 1%, 2% and 94% (the first two are published but HMRC will get you by the short and curlies eventually)!
You are correct it does raise to 1% after year one, then 2% the following year and after that there is no further statements. With the current disarray in parliament and the likelihood of a general election it’s anyone’s guess. That’s why my term will be three years max, which should give me a bit of a safety net.

He who dares wins, Rodney. 😀
Taycan Turbo S
http://www.porsche-code.com/PMPMJ963

Litchfield tuned Porsche Carrera 4 GTS (991.2)

Sold in Jan 2019 - Cayenne Turbo (E3)

Sold in 2018 - Macan Turbo (15):
neilj007
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Post by neilj007 »

If you contract hire, can't you also reclaim 50% of the VAT?
Macan
Taycan Turbo
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Wing Commander
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Post by Wing Commander »

smithy37 wrote: Fri Sep 13, 2019 7:01 am
He who dares wins, Rodney. 😀
Mange tout, mange tout! :D
Simon

Sold: 2016 Rhodium Silver Macan 2.0
Sold: 2013 Platinum Silver 911 (991.1) C2
Sold: 2017 Carmine Red Panamera 4
Mine: 991.2 Carrera T Racing Yellow 06/04/2018
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smithy37
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Post by smithy37 »

neilj007 wrote: Fri Sep 13, 2019 7:36 am If you contract hire, can't you also reclaim 50% of the VAT?
Yes I could, but then I lose my corporation tax relief.

Its a bloody minefield!
Taycan Turbo S
http://www.porsche-code.com/PMPMJ963

Litchfield tuned Porsche Carrera 4 GTS (991.2)

Sold in Jan 2019 - Cayenne Turbo (E3)

Sold in 2018 - Macan Turbo (15):
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smithy37
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Post by smithy37 »

Latest development is I have to pay the VAT up front along with the deposit for the finance arrangement and I can't claim this VAT back, which I find ludicrous being a VAT registered company.

This would stretch my business cash flow too far. It's a shame as everything looked promising. Serves me right for getting a little excited. Hey-ho.
Litchfield re-map for the GTS it is then.
Taycan Turbo S
http://www.porsche-code.com/PMPMJ963

Litchfield tuned Porsche Carrera 4 GTS (991.2)

Sold in Jan 2019 - Cayenne Turbo (E3)

Sold in 2018 - Macan Turbo (15):
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