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MyDrive (salary sacrifice car scheme)

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
Smoothbackground
Posts: 1263
Joined: 21 Sep 2023, 20:01
Gender: Female

MyDrive (salary sacrifice car scheme)

Post by Smoothbackground »

Has anyone used this, or even looked at the pricing, since it changed to Novuna? How do the prices compare to the previous supplier? Is it worth going for?
postslippete
Posts: 4127
Joined: 14 Jul 2014, 16:27
Gender: Male

Re: MyDrive (salary sacrifice car scheme)

Post by postslippete »

Not looked at it but they are all EV's now aren't they? I know a colleague that was paying £70 a week out of his wages but then he got hit with an unexpected tax bill
On the face of it, shareholder value is the dumbest idea in the world.
Smoothbackground
Posts: 1263
Joined: 21 Sep 2023, 20:01
Gender: Female

Re: MyDrive (salary sacrifice car scheme)

Post by Smoothbackground »

postslippete wrote:
15 Sep 2024, 19:23
Not looked at it but they are all EV's now aren't they? I know a colleague that was paying £70 a week out of his wages but then he got hit with an unexpected tax bill
They are all EVs on there. I was thinking about replacing my 20-year-old 2.0 litre petrol car with something a bit more economical, and I was quite attracted to the idea of paying one monthly sum and having everything included, but everyone I have spoken to who has a MyDrive car has been quite critical of it - though they all have brand-new cars on the old scheme. I am thinking of getting a used EV on the new scheme, something like a Zoe or Leaf, but still not sure. From what I can see, prices actually seem higher than what I might pay on finance to buy a car, albeit I would have extra costs for maintenance and insurance etc.
Ali831
Posts: 268
Joined: 26 Aug 2019, 16:03
Gender: Female

Re: MyDrive (salary sacrifice car scheme)

Post by Ali831 »

Google info on the tax implications. I also know someone that got hit with a tax bill after using one of these schemes
ajhall1983
Posts: 2
Joined: 12 Aug 2023, 17:59
Gender: Male

Re: MyDrive (salary sacrifice car scheme)

Post by ajhall1983 »

I’ve been Royal Mail over a year but the Mybundle says I’m not eligible for mydrive. Is there only certain times of the year you can apply?
ajhall1983
Posts: 2
Joined: 12 Aug 2023, 17:59
Gender: Male

Re: MyDrive (salary sacrifice car scheme)

Post by ajhall1983 »

I have been Royal Mail over a year but in my bundle I click and it tells me I’m currently unable to apply. (40hour contract). Are there only certain times of year the window is open or something?
Londonsburning
Posts: 1018
Joined: 09 Oct 2024, 18:14
Gender: Male

Re: MyDrive (salary sacrifice car scheme)

Post by Londonsburning »

ajhall1983 wrote:
07 Nov 2024, 11:42
I have been Royal Mail over a year but in my bundle I click and it tells me I’m currently unable to apply. (40hour contract). Are there only certain times of year the window is open or something?
Don't bother you will find better deals going direct to a dealership the rules on car finance have also just changed in favour of the consumer
Playmail
Posts: 219
Joined: 24 Oct 2023, 13:21
Gender: Male

Re: MyDrive (salary sacrifice car scheme)

Post by Playmail »

It because your on a new contract and having that will take you below minimum wage it's only for the old contracts even they won't be able to get it come April it's stupid really