When considering what car to choose when buying a company car for your business, you’ll have many different factors to take into account. Business editions from manufacturers aimed at keeping costs low can be an incentive when company car tax eats away at your budget.
Business leasing is a cost effective way to get your brand around and get you and your employees mobile. Dedicated leasing services are the best places to look for the best deals and vehicles available to you. Below are some of the best rated company cars, both petrol and diesel, that you can choose for your business fleet.
BIK Rates
Find a car with the lowest BIK (Benefit-In-Kind) rate and that will mean less tax payable. The BIK is the value that is attached to your car by HMRC as a result of the calculation between list price and its CO2 emissions. In tax terms, the price is known as P11D value – so named because it appears on employees’ P11D forms detailing extra-salary benefits. This value is comprised of the list price, VAT, delivery and any other extras like a custom number plate.
Petrol
Petrol cars, generally cheaper than their diesel counterparts, are becoming more fuel efficient year on year. Here are just a few that are ideal for your company to keep the costs low.
Here are some car makes that you may want to consider (for a test drive!)
Peugeot 108
With business leasing this will only set you back £80 to £200 per month depending on the spec.
Vauxhall Viva ecoFLEX
The emissions of the ecoFLEX are at from just 99 grams of CO2 per kilometre
Skoda Citigo
With a tidy 62.8 miles per gallon, this is an excellent inner city car.
Diesel
Here are some Diesel-powered car makes that you should consider.
VW Golf Bluemotion
Boasting 83 miles per gallon, 108 brake horsepower and CO2 emissions at 89 grams per kilometre, this diesel is a great choice for a company car.
Skoda Octavia Estate
This model comes with cheap monthly costs for the amount of space you’ll get – the boot capacity is 610 litre.
Ford Focus
Cheap on monthly costs, you get a lot of bang for your buck with a Focus; satnav, cruise control and a great drive, topped off with the attractive miles per gallon rate at 74.
Takeaway
The main points to take away in terms of things to look for in a company car are fuel economy, low emissions, a cost effective P11D value and affordable insurance. Find the winning combination for your business needs and you’ll have made a truly worthwhile investment.
