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What company car do you suggest for a growing family?
My company are encouraging me to take advantage of a company car due to increasing mileage. The timing of this coincides with us expecting our 3rd child. Can you give me recommendations for something comfortable with a quality interior but practical for short journeys with the family (2 adults, 3 children). I'd like to pay as minimum as possible on the BIK tax. Our current cars are a Peugeot 5008 and Mazda3 (we will sell the Mazda3 eventually).
Asked on 24 June 2024 by
Answered by
Andrew Brady
Electric cars are currently charged BIK company car tax at a rate of just 2% - meaning you'll save a lot of money if you opt for an electric vehicle. A Skoda Enyaq would be a good choice - it's a very practical electric vehicle with a very useable electric range (up to 348 miles with the bigger 82kWh battery pack). A Hyundai Ioniq 5 or Tesla Model Y would be a good alternative. If you're not ready to go electric, look at plug-in hybrids such as the Kia Sportage PHEV - with an official electric range of up to 43 miles, the Sportage PHEV attracts BIK at a rate of 8%.
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