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Help Please

Wookie

By Wookie
in Lexus IS200 / Lexus IS300 Club

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Wookie Newbie

Wookie

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Hi All...

Thought this would be the best place to start...I have the chance to purchase one of my Companies Cars which is a 2002 Lexus IS200 SE Auto.4, Purchase cost £23,995.00, It has all the toys including Sat Nav etc, a Great looking Car however the Car has done 100K but has you would expect has been well looked after and never missed a service etc...

Only downside are the alloys which are pitted however I see that this seems to be a comon problem...

Could anyone please advise me of a guide price on what you think the car is worth? any help is appreciated...

Many thanks...

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Geoffers Grand Master

Geoffers

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If they paid £23,995.00, then [from a tax/company point of view] the asset depreciation would be £10497.81. Not taking into account the mileage, etc.

So the company should not sell for more than £13497.19 or they would be making a profit which they would need to declare for tax reasons.

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