Best way to drive an EV (Renault 5) through a business?

[Phooey]

Admittedly I haven't a clue here so bear with me..

Currently considering a Renault 5 electric car as a company vehicle but spoilt for choice in ways to do it. One option is lease (business doesn't own it). Another option is purchase it (either cash or finance) through the business. Or lastly purchase it privately.. but I'm guessing business is the way to go.

I want cheap running and ownership costs for both me and the business hence considering the Renault 5. Depending on model it's either 29k or 30k after the gov grant (£1500). How much would that cost me in BIK being a 20% taxpayer and using for private milage too?

Anything else to consider with regards to best way for a Limited & VAT reg company to run an electric vehicle??

Thanks

[MustangGT]

29-30k for a Renault 5? Seems very steep, have you looked at other options, say Kia or Hyundai for VFM.

If the company provides you the car you are looking at BIK, This tax year this is 3% of the P11D value, this rises 1% per year for the foreseeable future. The company will also pay NIC on the BIK on top of the actual costs to the company.

If you charge the car at home you can claim 8p/mile, if at a public charger 12p/mile (for business miles)

If you 'own' the car you can charge the company 45p/mile for the first 10,000 business miles, 25p/mile thereafter with no personal tax implications.

Bear in mind taxation if you choose to get the company to pay for all 'fuel'.

[Phooey]

MustangGT said:

29-30k for a Renault 5? Seems very steep, have you looked at other options, say Kia or Hyundai for VFM.

If the company provides you the car you are looking at BIK, This tax year this is 3% of the P11D value, this rises 1% per year for the foreseeable future. The company will also pay NIC on the BIK on top of the actual costs to the company.

If you charge the car at home you can claim 8p/mile, if at a public charger 12p/mile (for business miles)

If you 'own' the car you can charge the company 45p/mile for the first 10,000 business miles, 25p/mile thereafter with no personal tax implications.

Bear in mind taxation if you choose to get the company to pay for all 'fuel'.

Thanks. I like the style and size of the R5 - and it doesn't seem too bad IMO for the money. I would mainly charge the car at home, and probably use it 30-50% for private use.