Friday, March 29, 2024

Leveraging Automotive Tax Breaks: The Best Company Cars You Can Get on a Budget

There is no doubt about it; the world is going green.

This is reflected by numerous trends and initiatives in the modern age, from the issue of green bonds in Mexico and the US to a government backed drive to reform tax brands for cleaner company vehicles. The latter point is particularly important, as it provides a crucial, financial incentive for businesses that are constantly striving to reduce overheads and optimise their profit margins.

Of course if you ask someone to think of their ideal company car and there’s no doubt that the first names that will spring to mind are from manufacturers like Audi, BMW, and Mercedes-Benz. Driving a car from one of the German “Big Three” has a lot of glamour attached to it, but once you start factoring in the additional costs, like fuel and tax, it may not seem like such a good deal. This is why the ability to claim tax reductions is so appealing for firms who are trying to build a commercial fleet.

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Saving Money without compromise: Some of the best and Most Economical Commercial Cars

With this in mind, it is important that brands leverage such tax breaks and enhances their margins further by procuring cost-effective cars. Here are some of the more economical options available to you when choosing and buying your new car (and selling an older one): –

SEAT Leon

The Seat Leon is one of the best reviewed hatchbacks available right now. The 1.2-litre petrol engine is derived from the same MQB platform that Volkswagen uses in its successful Golf, earning an impressive 57.6mpg and 114g/km in CO2 emissions. Combined with its sporty good looks, it strikes the perfect balance between German engineering and Spanish style. Now available from suppliers like John Clark, the latest generation received a five-star rating from Euro NCAP, too, so it’s the perfect choice for anyone who’s also looking to do the school run as part of their morning commute.

Skoda Fabia Estate

For those in need of a little more space, the Skoda Fabia Estate is a great choice. The 1.2-litre option should provide 60.1mpg and just 107g/km in CO2 emissions, the lowest of our three picks. At 530 litres, only the more expensive Ford Mondeo offers more space without having to fold the rear seats down. When you do move the backseats, you’ll have access to a massive 1,395 litres in total. While the interior may not feel as premium as other options, you’ll be hard pressed to find another vehicle that matches the Estate’s practicality for this price.

Mini One

Finally, for those that want to afford themselves a little extra luxury, without breaking the bank, there’s the Mini One. One of the main attractions of the Mini has always been its distinctive character, which few cars in any class can claim to match, For the past three years, it’s been the Auto Express Best Premium Small Car. The 1.5-litre petrol option will net you 58.9mpg along while producing 109g/km in CO2 emissions. If you need the extra space, there’s also a five-door alternative that features more legroom and a larger boot.

Have you recently had the option of taking on a company car? Let us know about your own experiences in the comment section below.

Elliot Preece
Elliot Preece
Elliot is the Editor at ABCMoney. He manages a team that writes and contributes to many leading publications across a number of industries.

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