How long should I keep my Model Y LR?

[Caramel]

Car is coming up to 6 months old and I’ve already done 10k miles.

Wondering when would be the most cost effective to replace?

Company car, would replace with same car again (I need the supercharger network)

Clearly needs to be before 2025 when the new road tax comes in.

Should I keep the current one till then or replace sooner given my high mileage?

 

[hlca]

I think keeping your current car as long as possible is the most cost effective. Isn't the road tax like 160 GBP a year? Seems like nothing compared to the cost of a new car.

 

[Big Earl]

High mileage? I have 170,000 on one car and nearly 70,000 on the other.

I’m in the “drive the wheels off of it” camp.

 

[Vidyutyaan]

My understanding of company car EV perks was that the corporation tax write down benefit applies only on the depreciation.
Selling at high value means you pay CT on the sale price. So for tax purposes running it into the ground is most economical.

 

[Mrklaw]

I think keeping your current car as long as possible is the most cost effective. Isn't the road tax like 160 GBP a year? Seems like nothing compared to the cost of a new car.

Luxury tax will kick in (they’ll pay the £160 even on the current car)

 

[Caramel]

This. £500+ quid per year from 2025 luxury tax on everything >£40k. As well as the road tax…

 

[Caramel]

My understanding of company car EV perks was that the corporation tax write down benefit applies only on the depreciation.
Selling at high value means you pay CT on the sale price. So for tax purposes running it into the ground is most economical

If you sell you’re liable for CT on the sale price, but you can still write off the cost of the replacement. So currently not a major factor

 

[Jason71]

Car is coming up to 6 months old and I’ve already done 10k miles.

Wondering when would be the most cost effective to replace?

Company car, would replace with same car again (I need the supercharger network)

Clearly needs to be before 2025 when the new road tax comes in.

Should I keep the current one till then or replace sooner given my high mileage?

selling it now seems to make no particular financial sense.
For me the possible demarcations would be:

2024 due to the tax issue
or
before it hits 50K miles to stay in full warrantee
or
before it hits 120K to stay in battery/drive unit warrantee
or
when they add some new hardware to the cars you want

 

[Jason71]

selling it now seems to make no particular financial sense.
For me the possible demarcations would be:

2024 due to the tax issue
or
before it hits 50K miles to stay in full warrantee
or
before it hits 120K to stay in battery/drive unit warrantee
or
when they add some new hardware to the cars you want

or
when they open up the remaining superchargers to other EV's so you lose the key reason (by own admission) that you are driving a Tesla EV in the first place.