What do you subbies all drive for work ?

[Tony Soprano]

So a van isn't really an option then

I currently have 2 cars. So whatever I had for work won’t affect the family in any way

 

[Murdoch]

I currently have 2 cars. So whatever I had for work won’t affect the family in any way

Sell 1 and use the proceeds to buy a van ?

 

[Tony Soprano]

Sell 1 and use the proceeds to buy a van ?

I use the one car for work already. Which is the car in question. It’s not worth anything. Very old and on its last legs

 

[Barx]

@Barx please enlighten me to this personal cars being exempt? Who do you contact for that? I thought it was any vehicle not compliant was subject to Ulez charge?

This is the Sheffield zone I'm talking about, not the London. I have no idea of the rules down there tbh. If you look at sheffields info site though, it states it up near top of page.

Clicky

 

[Barx]

I won’t go down finance route either. I don’t feel like my earnings are high enough to justify it. Not when there’s only my wage coming in and cost of everything else has shot up. It’s a tough one pal. Plus like you say if work dries up your stuck with a finance bill to pay. It’s questionable whether or not I would have enough spare cash per month for finance anyway.

Same again here mate regards being the sole income for the house. Have to keep a tight ship.

 

[Murdoch]

I use the one car for work already. Which is the car in question. It’s not worth anything. Very old and on its last legs

Probably not what you want to hear but you need to save more each month for your tax and NI and your replacement vehicle

 

[Tony Soprano]

Probably not what you want to hear but you need to save more each month for your tax and NI and your replacement vehicle

I agree bud. This is what I’m weighing up now because I’m struggling to do just that with only the one wage coming in. I totally agree if I could save more I’d have a pot of get me out the woods money

 

[Tony Soprano]

Same again here mate regards being the sole income for the house. Have to keep a tight ship.

It’s hard bud. Very hard. I think there is an element of me overthinking things but I think at the same time if I’m going to remain self employed I can’t just plod on each month just getting by. Need to have a plan going forward because at some point I will need money for emergencies

 

[Murdoch]

I agree bud. This is what I’m weighing up now because I’m struggling to do just that with only the one wage coming in. I totally agree if I could save more I’d have a pot of get me out the woods money

How do you save for your tax and NI?

 

[Tony Soprano]

How do you save for your tax and NI?

I’m Cis mate it’s payed at source and NI is payed when rebate is done.

 

[Murdoch]

So maybe limp on with your current vehicle unit your rebate comes?

 

[Tony Soprano]

So maybe limp on with your current vehicle unit your rebate comes?

I will mate yeah. It will go towards it. I still think I need to be saving like at least £100 a week thow and keeping it as sort of a business account. I might be wrong thinking this but I feel that’s the position you need to be in to be self employed. You know what I mean. To afford to be self employed that’s what you should put aside

 

[Murdoch]

Don’t put it in a business account - un it pays decent interest.

premium bonds or a instant access account would be my suggestions

 

[Pops]

I’m doing about 10 to 12k a year and it’s currently showing 120,000 so plenty of life in her yet.

 

[Sharpend]

My last van was up to 200K+ when I sold it, it then still went on for another 3 years before it became cost inefficient and the boys got rid of her.
A regularly serviced vehicle (diesel) will do 200k+ easy.

 

[Tony Soprano]

My last van was up to 200K+ when I sold it, it then still went on for another 3 years before it became cost inefficient and the boys got rid of her.
A regularly serviced vehicle (diesel) will do 200k+ easy.

Nice bud. Well I’m gona crack on with the car for now and make a real effort to put more away in the mean time. It’s a petrol so it’s quite cost affective in terms of fuel costs. I do well out of a full tank.

 

[SPECIAL LOCATION]

Your current situation looking for a replacement vehicle is not helped by the average value of many second-hand cars/vans being generally higher than they were since before the start of the Covid lockdowns and the motoring semiconductor ship shortage.....

https://www.honestjohn.co.uk/news/buying-and-selling/2021-10/used-car-prices-rise-by-up-to-57/

https://www.thisismoney.co.uk/money...and-cars-soaring-price-cost-new-versions.html

https://www.autotrader.co.uk/content/news/used-car-values-rising-2022

etc...

etc...

 

[binky]

I will mate yeah. It will go towards it. I still think I need to be saving like at least £100 a week thow and keeping it as sort of a business account. I might be wrong thinking this but I feel that’s the position you need to be in to be self employed. You know what I mean. To afford to be self employed that’s what you should put aside

Business accounts are rubbish, set up a separate personal account. I have a Chase account paying 2.7% cashback on all transactions, which I use for daily expenses.

 

[Andy™]

Nice bud. Well I’m gona crack on with the car for now and make a real effort to put more away in the mean time. It’s a petrol so it’s quite cost affective in terms of fuel costs. I do well out of a full tank.

just carry on with the car is that's all you need. i use an astra estate for the smaller jobs, I&T, general running about etc, then larger van for jobs that needs more tools/space

 

[Tony Soprano]

just carry on with the car is that's all you need. i use an astra estate for the smaller jobs, I&T, general running about etc, then larger van for jobs that needs more tools/space

It is all I need really. I’m just transporting tools to site. I have roof bars and steps. An estate is the ideal thing for me. This year is head down, crack on and put money away .