ACCOUNTANT EXPLAINS: How to Buy a Tesla Half Price

In this video, we cover how you can get an electric car for nearly half the price.

⌚TIMESTAMPS:
00:00 - Intro
00:38 - How the "discount"/savings work
06:32 - Other Financial factors to consider

MY FILMING EQUIPMENT:

KEEP IN TOUCH:

DISCLAIMERS & DISCLOSURES
This content is for education and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support!n

[syeeeed]

Loving your growth! Disovered you with 10k subs and you've changed the game so quickly. Fantastic, easy to digest content and delivered well :)

[roscopeco]

Can you do a video on buying a new EV vs a second hand one? what the tax implications are? I find this subject so very complicated. Also how leasing/ buying out right effects how much you can claim?

[Caveman]

The title is misleading. The tax deductible and benefit in kind is applicable only to company cars

[TheSilentWealth]

Do you foresee changes in the tax deductible schemes?

Been trying to do so here, but I realise that it still doesn't change the fact that you still need to spend ~$50k to buy the car doesn't it? It seems like for both scenarios individual and company regardless, the method only benefit someone with a good cashflow i.e. not using loan to buy the car.

[richardcorns]

Hi Nischa, I just found your channel and love it. I have 2 Ltd companies, one investment with 4 properties we rent out and a building company. Just bought a Tesla last year, and i was really surprised how much our CT was reduced. Needless to say, my business partner has just bought a new ev through our building company as the savings are so good. Anyway, I have a backlog of your videos to get through! Keep up the good work.

[reke]

Is it weird I'm learning more from Nischa than my actual account I pay for. Awesome video.

[Thomaat]

Thank you for making great content! Very informative content presented in such a nice way. Not the "overhype everything" format you see nowadays on youtube 95% of the time.

[cadmuscassey]

Very well explained in detailed and interesting, I love the buying part of buying a car under a company so the tax is deductible.

[ssmumich]

Brilliant! In the US, lease was the only way for me to qualify for a Taycan, but with some haggling, got $14, 500 off of the base.
BTW you have a v non accountant vibe which really works for this channel.

[qjttvhh]

I've watched a lot of your videos and I've been following you for a long time. Your videos are great

[Dave-bhzr]

Great clear videos. No waffle or click bait. Very eloquent and it has be said… mesmerising good looks. Wow.

[mikesumray]

Thank you for this. I have a limited company, but it only profits approx 40k a year. Let’s say I finance the car or take out a business loan, and the payments are £500 a month. Is this £500 fully tax deductible? So say my corps tax is 6k for the year - I won’t get a tax bill? Thanks 😊

[hollywoodactress]

Really informative on corporations vs individual.
I assume if the company bought the Tesla over 3 years or 4 years, then they would have more income after tax left

[jozefroman]

I bought a Tesla from the TSLA gains over last 5 years. 100% off the buy price. 6:43 awesome 🙂

[helgutsa]

Great video! Can you please create a video about buying a house personally vs buying a house through your company?

[alitir]

Thank you for yet another great content, I'm wondering if this applies to any Fully Elec cars or just Tesla?

[fgj]

Thanks for great information. One question I have relates to selling an electric vehicle bought outright through a Ltd company. I understand that the car is taxed on the price of any future sale, but what if the car was part exchanged in the future - is the tax liability based on the sale value of the car at that time or the difference / profit made by the company from the part exchange?

[withlovebyads]

Hi Nischa,

Thank you for this video. What if your company is registered etc but new and so you have not yet started generating profit (still using part of your salary to build your business)? Can you still buy an electric car under your business and personally make the monthly payments for it?

Also, because it is under the company name am I right to assume that it will not go against me and my credit score as personal debt?

[smokedsalmon]

Thanks Nischa, this is what I've been looking for. Can you kindly suggest your opinio on the following scenario:
1) Say I'm employed by org X (different owner).
2) And, I also have a separete company Y that I set up.
3) I invested in my company Y from the salary I got paid from X.
4) I then buy an electric car under the company named Y.

Will the car be VAT exempt?

[patrick]

Lol. Loved the eye roll / sigh. The charging time wasted argument always makes me laugh. Scrolling through instagram on your couch for 30 minutes or in your car while it's charging. What's the difference?😂