revised company car list - PHEVs
Discussion
We've just had a change to what was previously a rather dull company car list (exclusively full of diesels). The list has now expanded to include a host of PHEVs and some notes which seem to suggest that, if the cars are ordered before April 6th, then they'll not be subject to the new rules coming into force. It coincides nicely with me looking to change cars but I have a couple of questions to the PH masses:
Am I correct in saying that any car ordered before April 6th means it will remain on the current BIK rates? I've been on Comcar and the BIK rates significantly increase over the coming years but I'm not clear whether, by jumping into a PHEV now, you are "locked in" to the current BIK rates.
Sadly I can only bump up one grade which means I miss out on the more interesting cars (BMW i3 and 330e for example). The PHEV choices for me are:
Mondeo Saloon Titanium Hybrid 187ps Auto
2 Series 225xe Active Tourer 1.5 Phev Sport
Lexus CT 200h 5 Door 1.8 Luxury Nav E-Cvt
Toyota C-Hr Hatchback 1.8 Hybrid Excel
Toyota Prius+ Estate 1.8 VVTi Icon Nav
Toyota RAV4 2.5 VVT-i Hbd Busns Edtn Plus
Golf GTE
Is it a no-brainer that the Golf GTE is the one to go for?
Comcar suggests that a GTE has the following:
Tax year to 5th April 2016/17 2017/18 2018/19
P11D value £34,000
Percentage charge 7% 9% 13%
Benefit in kind £2,380 £3,060 £4,420
Tax payable at 20% £476 £612 £884
Tax payable at 40% £952 £1,224 £1,768
Quite a jump from 2016/17 to 2018/19.
Sorry if this is a stupid question but I've been a car allowance person for, well, forever!
Am I correct in saying that any car ordered before April 6th means it will remain on the current BIK rates? I've been on Comcar and the BIK rates significantly increase over the coming years but I'm not clear whether, by jumping into a PHEV now, you are "locked in" to the current BIK rates.
Sadly I can only bump up one grade which means I miss out on the more interesting cars (BMW i3 and 330e for example). The PHEV choices for me are:
Mondeo Saloon Titanium Hybrid 187ps Auto
2 Series 225xe Active Tourer 1.5 Phev Sport
Lexus CT 200h 5 Door 1.8 Luxury Nav E-Cvt
Toyota C-Hr Hatchback 1.8 Hybrid Excel
Toyota Prius+ Estate 1.8 VVTi Icon Nav
Toyota RAV4 2.5 VVT-i Hbd Busns Edtn Plus
Golf GTE
Is it a no-brainer that the Golf GTE is the one to go for?
Comcar suggests that a GTE has the following:
Tax year to 5th April 2016/17 2017/18 2018/19
P11D value £34,000
Percentage charge 7% 9% 13%
Benefit in kind £2,380 £3,060 £4,420
Tax payable at 20% £476 £612 £884
Tax payable at 40% £952 £1,224 £1,768
Quite a jump from 2016/17 to 2018/19.
Sorry if this is a stupid question but I've been a car allowance person for, well, forever!
Thanks for the input. We've been told that any order placed before mid march will be processed before 6th April and will therefore fall under the current rules.
The 2 series does sound interesting and would be very useful in replacing the current family wagon. Decent turn of pace to it too.
I was planning on making a move to a PHEV anyway, just using my allowance, so I need to work out whether it is better financially to do this or go for a company car.
The 2 series does sound interesting and would be very useful in replacing the current family wagon. Decent turn of pace to it too.
I was planning on making a move to a PHEV anyway, just using my allowance, so I need to work out whether it is better financially to do this or go for a company car.
Very useful information, thanks. I have a mixed bag of driving; sometimes in the main office, circa 80miles round trip, local office, circa 10 miles round trip and the occasional longer journey. Not the ideal candidate for a PHEV but the tax and mileage rates will, I think, make it a better proposition than a diesel.
I'm going to have a look at a GTE and a 225xe and see which would be better for me. There's only a few £ difference in tax so it's more a case of what floats my boat and offers the best fit for 4yrs of motoring!
I'm going to have a look at a GTE and a 225xe and see which would be better for me. There's only a few £ difference in tax so it's more a case of what floats my boat and offers the best fit for 4yrs of motoring!
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