Company cars or take are vehicles that are own or lease by organization for employees to use for business and personal travels. Company cars provide attractive benefit to employee in that companies are able to provide the car at lower costs, which the employees might not be able achieve by themselves.
Employees often encounter difficulties in deciding whether to take company cars and what car to get or opt for car allowances. Employers has taxable and marketing benefits when they provide company cars for private use and it is important to keep consider cost of car and income tax positions when deciding to get a company car.
- Taxable Benefit-in-kind (BIK) which is the product of list price(accessories) and % based on carbon emissions
- Deductions from certain employee payments
- Diesel models below RDE2 standards lays open to 4% BIK (up to 37%) over petrol models with the same emission
Due to the tax positions on combustion engines, hybrid-electric have encounters wide use for company cars over the years. Whether you are dealer (find Florida Motor Vehicle Dealer Bonds) or employees, this information about the best company cars will benefit you.
Hyundai Ioniq Hybrid
Hybrid power engine is good for a company car, with its hybrid power train, economic and standard features. The power train delivers 139 horses by combining a 1.6L fuel cylinder and 6-speed dual clutch transmission. Manufactured with Apple car play and Auto android integration, coupled with its comfortable and aesthetic features and low running cost and low CO2 emissions 16% BIK rating, the Hyundai Ioniq hybrid is definitely a good consideration when choosing a company car.
Jaguar I- pace SUV
The jaquar I-pace is the company’s first production battery car. It is another good company car with its hybrid power train, economic and standard features, including, its distinctive exterior design and aesthetic interior. The I-pace, though an SUV with a spacious cabin, has a remarkably 234—292-mile range. Additionally, as a zero emission- electric car , the I-pace gets an affordable 16% BIK rating
Peugeot 3008 SUV
The Peugeot 3008 is for people who like spacious cabins in their car. The Peugeot 3008 is one of the most soughted for in the competitive Suv market , with the quality interior design and streamlined exterior. Equipped with a 1,5L diesel engine, the SUV is capable of returning 55.11mpg while emitting 111kg/km of CO2, giving it a 30% BiK rating
First released in 1997, this is the first mass production hybrid automobile in the world. Though not considered particularly good looking. The Prius as sold millions of units. Already in its 4th generation, the car is equipped with 1.8 L fuel cylinder engine netting 121 HP. The hybrid can return 50 mpg in the city and 54mpg on the high way. With a asking price of $23, 475, the Toyota is a good consideration for a company car.
Honda Accord Hybrid
The Honda Accord Hybrid is one of most fuel efficient of the 3rd generation. The hybrid comes with a front wheel drive and a 2.0L 3rd genetration two motor hybrid system, netting 212Hp. It delivers smooth and enjoyable ride even on sub urban road and has a combined MPG of 47. With an asking price of $25,100, the hybrid is a good consideration when a getting a company car.
If you an employee providing the company car, https://mobilliz.com provides a GPS fleet to help organizations monitor driver’s obey organizations policies