Dumb question but it's not the lease company that gets the money from the PICG is it? It's Tesla isn't it? Don't understand why they would price in the £500 reduction in grant when in real terms the LR has actually gone down in price by £10.
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Luxury Car Tax RIP - Budget 2020
- Thread starter Jason71
- Start date
Resurrecting this old thread to share that ZenAuto have agreed to reduce my monthly lease charges by £25 a month as they no longer have to cover the Luxury Car Tax in the car costs.
Took a few polite emails but suspect it’s not something that they are going to offer unprompted.
Now to find out how to get the rear heated seats switched on in a lease car. That’s a good use of the first year’s saving
Took a few polite emails but suspect it’s not something that they are going to offer unprompted.
Now to find out how to get the rear heated seats switched on in a lease car. That’s a good use of the first year’s saving
hingus2000
Member
Resurrecting this old thread to share that ZenAuto have agreed to reduce my monthly lease charges by £25 a month as they no longer have to cover the Luxury Car Tax in the car costs.
Took a few polite emails but suspect it’s not something that they are going to offer unprompted.
Now to find out how to get the rear heated seats switched on in a lease car. That’s a good use of the first year’s saving
Hi mate - is this a new lease (so they are altering the quote), or is it an existing lease? If existing, those of us also with ZenAuto presumably should be dropping them a line?
Existing lease. Picked it up in December last year but they are applying it monthly from this month. A bit less than £25 a month but works out to the £300 a year.
Cnixon
Member
I tried but they had never heard of the VED Surcharge aka Luxury car tax. I have taken it up with my Salary sacrifice team.
Cnixon
Member
To update the above post. Zen are in the process of "re quoting" all lease due to changes in WLTP calculations. Hopefully thats a £25/m refund.
by renewal I assume you mean the V11 VED reminder notification sent out by the DVLA ?
Why do you need to check your V5?
VED is now zero on all EV's irrespective of when they were purchased.
Cnixon
Member
They have reduced my payment by £16/m before tax is paid. I have asked them to explain why it isn't nearer to the £25 mentioned earlier!!!
Cnixon
Member
It was in their T&Cs that I would be liable to pay any increase in VED during the term of the lease. No mention of what would happen if VED reduced (not a common event). I just asked what they thought was reasonable - a direct saving should be passed on in the same way a direct cost would be.
Sign of a good company that they haven’t tried to pocket it
Would depend on how long your lease is and at what point they are applying it. The reduction is £300 per year from year two onwards. If you are early in a two year lease, £16pm could be ok. If not, the lease company are trying to keep some of the saving to increase their margin on the deal
Cnixon
Member
I did not realise it was years 2 to 6. That explains a lot. The internet is not too clear! Thanks
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