Leasing a pickup through my company

[Speed addicted]

I currently run two cars, a BMW 645 and a Subaru legacy. They're both 2005.

I've been considering getting a Ford Ranger wildtrack 3.2 to replace the pair of them, but as I've never done the company car thing previously I don't really understand how the costs stack up. I have my own limited company, but as I work on oil rigs I don't do many miles. I'm a 40% tax payer.

The Ford would have a total cost of £32000, on a £300 a month lease (all excluding VAT).
It's in the 27% BIK range as it's the bigger engine.

Essentially I get that my company will pay the lease, and I get the BIK, I've seen that pickups get preferential rates but not how different they would be.
What I don't get is the tax relief and how it all ends up.

This may be really simple for some of you, please understand that I've never needed to know any of this stuff and it all looks very contradictory from a starting point!

[Speed addicted]

Attempted to, didn't understand the answer though!
I take it that this isn't a simple question?

[Speed addicted]

Ah, ok. That makes more sense.

So the benefit of the pickup is that it's plant but due to the nature of my work it's just an expensive way of owning a pickup!

Thanks.

[Speed addicted]

The pickup is purely because I've heard they were cheaper for tax. I don't have any need for it as a commercial vehicle and my business mileage would be minimal.
I'm looking into this purely as a way of getting something that would replace both of my cars in a cost effective way, if it's not cost effective I'll continue to run the cars as normal.

[Speed addicted]

Thanks for your help