My first company car but a hybrid ? worth it ?

[lexi 1]

Am thinking of getting my first company car I own the company,the company is doing well and can afford a monthly outlay of 500-1000 without issue

I have heard about some great tax benefits of running a hybrid as the tax situation is greatly favourable any advise welcome

[lexi 1]

Thank you for all the replies has anyone else actually done it and what were the benefits ?

[lexi 1]

MrOrange said:

Your accountant will be better placed to advise on the financial benefits such as 100% WDA, lower BIK etc. The savings for me were substantial when I bought my i8.

The car benefits of a hybrid are lower running costs, quieter/smoother journeys, Eco-smugness and the knowledge that you've left the 20th century behind

I have thought of three possible cars I8/XC90 T8 or Tesla sorry to be dense but what is wda and bik

[lexi 1]

Flooble said:

WDA = Write Down Allowance
BIK = Benefit in Kind

Really need to talk to your accountant so you don't end up in trouble. They should be taking care of tax planning for you!

Oh yes of course yes they take great care of these things just wanted to see for my self