Best company cars if you have £35,000 or more to spendBMW 5 Series
Model: BMW 520d M Sport
Engine/power: 2.0-litre 4cyl/187bhp
CO2/BiK band: 119g/km/31 per cent
0-62mph/top speed: 7.3 secs/146mph
Monthly BiK Bill high rate: £427
Monthly BiK Bill low rate: £214
Like the 320d, the 520d is a class leader. If you need more space than the 3 Series can offer, then step up to BMW’s full-size executive saloon and go for M Sport trim. The 187bhp 2.0-litre diesel gives enough performance, although that’s more thanks to its 400Nm of torque, which prevents you from having to rev the 5 Series too hard.
Expect to see an mpg figure well into the mid-40s; this means it will be a relatively cheap car to run considering its size. CO2 emissions of 119g/km also keep company car tax bills down to £427 per month for a higher-rate earner.
M Sport trim gets subtly sportier looks, plus leather upholstery, cruise control, sat-nav, a digital dash and a superb infotainment system. Long-distance refinement and comfort are great – as is practicality, thanks to the spacious cabin and 530-litre boot – so if you cover a big patch for business, it’ll be the perfect tool for the job.
Model: Mercedes S 350 d AMG Line L
Engine/power: 3.0-litre 6cyl/282bhp
CO2/BiK band: 158g/km/37 per cent
0-62mph/top speed: 6.0 secs/155mph
Monthly BiK Bill high rate: £952
Monthly BiK Bill low rate: £476
If you’re a captain of industry looking for a business vehicle befitting of your status, then the latest version of the Mercedes S-Class should be your number one choice. The 282bhp 3.0-litre straight-six engine in this particular variant is muscular, refined and proves that a multi-cylinder diesel unit is still perfectly suited to a car like this because of its torque and potential fuel economy.
Mercedes claims 158g/km CO2 emissions, and although the long-wheelbase S 350 d in AMG Line L trim is pricey (higher-rate BiK bills of £952 per month prove as much), it’s still worth it, given the tech, space and luxury on offer.
On the first count, a fully digital dash and plenty of driver-assistance systems make this a relaxing car from behind the wheel. On the second count, the extended chassis gives lots of room in the back to stretch out. And on the third count, its infotainment and entertainment tech, along with reclining massage rear seats, mean it’ll cosset you in total comfort after a hard day at the office.
Model: Lexus LC 500h
Engine/power: 3.5-litre V6 hybrid/354bhp
CO2/BiK band: 150g/km/34 per cent
0-62mph/top speed: 5.0 secs/155mph
Monthly BiK Bill high rate: £865
Monthly BiK Bill low rate: £433
The Lexus LC was crowned Best Coupé at our New Car Awards 2018, and with those looks, it’s not hard to see why. Having made it from motor-show concept to production virtually unchanged, this striking coupé offers a unique sense of style. Yet its beauty is much more than just skin deep.
Here, we’ve chosen the hybrid variant over the V8-engined car because its lower CO2 emissions of 150g/km will keep costs to a minimum. But the 500h still offers enough performance from its combination of V6 petrol and twin electric motors. And while the infotainment system might frustrate the life out of you, the refinement and comfort that the big coupé can justify the BiK bill.
The quality helps, too, and the LC also rides and handles fairly well. Ploughing its own furrow with hybrid technology in a sensationally styled package like this is what Lexus does best, so this will be a company car that stuns and surprises in equal measure. Then there’s the small matter of those million-dollar looks, although it won’t cost anywhere near that much to run.
Porsche 718 Cayman
Model: Porsche 718 Cayman
Engine/power: 2.0-litre flat-four/296bhp
CO2/BiK band: 186g/km/37per cent
0-62mph/top speed: 5.1 secs/170mph
Monthly BiK Bill high rate: £544
Monthly BiK Bill low rate: £272
One of the most major parts of Porsche’s recent updates to the 718 Cayman was introducing a smaller, more economical engine. The basic model moved to a 2.0-litre flat-four, which cut emissions to 186g/km, and now that the Cayman has replaced the Boxster as the entry point to Porsche’s sports car range, it’s a recipe for BiK benefits.
The car is brilliant to drive, with a superb six-speed manual gearbox that makes up for that newer engine’s lack of character. However, you can’t argue with its performance: 0-62mph takes just 5.1 seconds.
It’s about more than that, though. Its sweet steering and brilliant body control combine to give the car lovely balance, while this mid-engined two-seat model is surprisingly usable, with a total of 425 litres of luggage space, thanks to load bays in both the front and rear.
At £544 per month for a higher-rate taxpayer, it’s not exactly cheap, but to secure one of the sweetest-driving sports cars at any price, it’s still great value.
Model: Jaguar I-Pace EV400 S
Engine/power: Electric motor/395bhp
CO2/BiK band: 0g/km/16 per cent
0-62mph/top speed: 4.8 secs/124mph
Monthly BiK Bill high rate: £344
Monthly BiK Bill low rate: £172
The Jaguar I-Pace is our Car of the Year. It’s a car for the future, too. With 395bhp from its pair of electric motors, it’s incredibly fast, sprinting from 0-62mph in 4.8 seconds, while the I-Pace also boasts a ride and handling balance that makes it a true Jaguar. It’s an agile car that will cruise in comfort.
But with a claimed range of 292 miles and 50kW rapid-charging capability that’ll give up to 168 miles of range in 60 minutes (the I-Pace also has 100kW charging capability built in for the future), this EV is a viable proposition for business users. Even this basic S trim is pricey, but its 16 per cent BiK liability means bills of just £344 per month for a higher-rate earner.
There’s no engine to package, so practicality is good, too. Fine visibility, plenty of space inside and an acceptable boot mean the Jag boasts SUV credentials and image in a slightly smaller, more nimble package.
Model: Volvo XC60 T8 Twin Engine R-Design
Engine/power: 2.0-litre 4 cyl hybrid/385bhp
CO2/BiK band: 51g/km/16 per cent
0-62mph/top speed: 5.5 secs/140mph
Monthly BiK Bill high rate: £292
Monthly BiK Bill low rate: £146
Volvo promised that every new car it launched from 2019 onwards would have some form of electrification, and it was the brand’s plug-in hybrids – like this XC60 T8 Twin Engine – that paved the way for such a bold statement.
Thanks to its CO2-cutting potential in the official tests, a plug-in XC60 is a great business buy, and although its high price means private buyers suffer, it’s cheaper to run as a company car than an equivalent diesel model.
You also get more performance, with 385bhp on tap from its turbo and supercharged 2.0-litre petrol engine and electric motor combination (which is enough for 0-62mph in 5.5 seconds), four-wheel-drive traction and near-silent zero-emissions running for around town.
R-Design trim has everything you need, the T8 will cover up to 23 miles on electric power and the 10.4kWh battery takes around 90 minutes to recharge at home overnight.
Best company cars by price bracket
- • Best company cars under £15,000
- • Best company cars £15,000 to £20,000
- • Best company cars £20,000 to £25,000
- • Best company cars £25,000 to £30,000
- • Best company cars £35,000 and above
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