My friend Neil runs his own business. He’d previously bought all his Range Rovers personally through PCP finance. By taking advantage of the low BIK rates on Hybrid vehicles, he swapped to leasing a hybrid Range Rover through the business, saving thousands of pounds over the three years of the contract.
Range Rover Sport 3.0 P460e Autobiography
What it costs the company
£X,XXX
INITIAL RENTAL + VAT
£XXX
MONTHLY PAYMENTS + VAT
£0
VED FIRST YEAR
What it costs Neil
£5,233
/YEAR BENEFIT IN KIND
5%
BIK PERCENTAGE CHARGE
=
£2,093
TAX PAYABLE AT 40%
Including
Free Home Charger
8.9
% g/km CO2
60 mins
Rapid DC charging (50kW) 0 – 80%
73.3
MILES
"With my Range Rover Sport 73 mile electric range, I spend next to nothing driving locally and always leave the house with a full charge."
Neil