Imagine being given the chance to spend up to £50,000 on a company car and the choice is entirely up to you. There are no restrictions on style, carbon emissions, driving range (if it’s an EV), or brand.
This should lead to some serious research before a final decision is reached. It’s clear that many corporate motorists are looking to lower emissions these days to keep their individual tax costs as low as possible. This is done via the Benefit In Kind system – the lower your BIK rating, the less impact it will have on your salary.
However, with a nice upscale budget to play with, it opens the door to many other cars that may have previously been overlooked.
Take a look at some of the models that may appear in your wishlist.
Kia Sportage PHEV – (£44,595)
The newly launched fifth-generation Sportage lineup has grown in size with the arrival of the first Sportage PHEV.
The Plug-in hybrid EV Sportage combines a 1.6-liter T-GDI petrol engine, a 66.9 kW electric motor and a 13.8 kWh lithium-ion battery pack. It generates 261 hp and 350 Nm of torque which results in a 0-60 mph acceleration of 7.9 seconds and a top speed of 119 mph. It has an electric driving range of 43 miles between charges.
All models feature all-wheel drive as standard, but our healthy-looking budget means we can take advantage of the range-topping GT-Line S with dual 12.3-inch screens behind a curved glass screen, 10-way power seats and the Harmon Kardon audio system cabin is just a number Few notable features.
In addition to providing excellent tax savings, the Sportage PHEV can deliver a combined 256.8 mpg with carbon emissions of just 25 g/km under WLTP testing.
Mercedes EQA (£47,510)
Choosing a car from the smallest of the Mercedes range – the A-Class – may seem a little strange, but the EQA is an absolutely exceptional car.
The EQ prefix means it’s an electric car, which will bring a lot of in-kind interest tax savings to the table. It also runs great.
There are seven different engine variants offering different performance numbers, front-wheel drive or all-wheel drive and varying driving range between charges.
The Mercedes EQA AMG-Line costs £49,010 and features 190 horsepower with a 0-62 mph time of 8.9 seconds. But this front-wheel drive car also has one of the most beautiful interiors on offer. And the personal assistant “Hey Mercedes” will help you with all kinds of requests from finding nearby parking spaces, planning a satellite navigation route or listening to your favorite playlists on the go.
EQA may not be as big as some of the contenders on our list, but it’s a massive force when it comes to style and performance.
Tesla Model 3 Long Range (£42,500)
Tesla proves its master up the ante when it comes to electrified vehicles, and the Model 3 Long Range offers a whopping 360 miles of range between charges. This makes it ideal as a corporate vehicle and falls within our price budget as well.
Powering the Model 3 Long Range is a large 75 kWh battery pack that sits in the vehicle’s floor to help create excellent balance and an optimal center of gravity. With a total power output of 434 hp and 493 Nm of torque at your disposal, the Model 3 has all the dynamism and acceleration you could possibly wish for with a 0-60 mph time of just 4.2 seconds and a top speed of 145 mph.
The added bonus of no emissions will result in a lower BIK rating which means it will take less tax than your paycheck.
Company cars should be practical and the Model 3 covers all these bases with a large boot, spacious cabin and a wealth of onboard technology to explore.
Factor in super fast performance, and balanced handling, and it’s easy to see why this model was on our list.
Ford Mustang Mach-E Extended Range (£49,980)
The Mach-E may be called the Mustang muscle car, but one look in its direction will confirm that it’s an entirely different beast entirely. Yes, the Pony logo sits proudly on the front grille and the Mach-E is dynamically designed, but it’s by no means a powerful car.
With a range of nearly 300 miles on the long-range model, this family of Mustangs was developed with the practicality of an SUV in mind, so it has enough room for a few adults in the back and room for luggage too.
The interior is well designed and features a large 15.5-inch vertical touchscreen which is the main focal point inside the car (and very Tesla-esque).
There are a number of models to choose from with prices starting at £41,000 and going up to £57,000 for the Mach-E with the biggest battery and all-wheel drive.
But if you choose wisely, the Extended Range RWD version comes out well beyond our budget.
SsangYong Rexton Ultimate (£40,780)
It may seem like an unexpected competitor, but if you are looking for quality, practicality, reliability and a full set of amenities, then the fifth generation SsangYong Rexton – the flagship model of the Korean company – is definitely worth a look.
This seven-seater is stylish enough to have any executive meeting in, yet offers all the practicality of a family vacation. It even brings 4WD capability to the mix along with great towing capabilities.
This is the backbone of style and offers all the onboard technologies we demand these days, such as Nappa leather upholstery, ambient lighting, full smartphone connectivity along with a wealth of high-end security tools.
The interior is beautifully designed and while the name SsangYong may not be on everyone’s lips, it’s a great selection of cars for the cost. In fact, this is a car that makes you ask “How much does it cost?” But for all the right reasons. It’s hard to believe your money goes that far.
BMW 330e xDrive M Sport Pro Edition Saloon (£49,485)
BMW has caused the most problems while compiling this list. First, because there’s so much quality on offer, and second, because two of our favorites have fallen outside the £50k budget upper end.
We can never overlook the hugely popular BMW 3 Series when it comes to the company’s car – after all, it was one of the best cars of all time. Even with the introduction of new technology and cleaner engines, this classic Bavarian car still made headlines.
However, with such a budget of £50,000 to play with, it would certainly be worthwhile to raise the trim levels in the lineup and choose the M sport or the M Sport Pro Edition with its sharpened design and sporty driving dynamics. We can also include xDrive, BMW’s all-wheel drive system in the asking price as well.
If I could borrow a little more, I could get M models starting at £51,515. These racetrack-inspired cars offer a full complement of dynamics, power and agility.
Or you can opt for the BMW 530e Saloon with hybrid technology from £49,870.
It must be said though; If you shop around, you may find an offer on the stunning BMW i4 – the company’s first all-electric performance vehicle. It’s almost £2000 over our budget but it’s worth checking out related deals – you never know your luck as this would be my pick of the group.
As I say, BMW posed some problems for us!
Volvo XC90 T5 Recharge (£49,150)
The Volvo XC40 is one of the best models of the Swedish car industry to date. It has a great design with good handling, covers all the necessary practical bases and is just as safe as it gets.
With a budget of £50,000, the company’s driver can opt for the all-in-one XC40 T5 Plug-in Hybrid Recharge in the top grade of the Ultimate.
Not only does this higher range gain plenty of exterior styling upgrades like 19-inch alloys, tinted windows and a powered panoramic sunroof, but it also gets a Harman Kardan premium audio system with 12 speakers as standard.
The lower carbon emissions of 50 g/km yields a decent tax savings of 14 percent.
Audi A5 Black Edition (£44,075)
Audi has always been a “go-to” brand for the company’s motorists, and the A5 Sportback is the perfect companion for long road trips.
Our healthy budget means we can explore the maximum range of trim and choose the stunning Black Edition model.
This car is packed with intuitive technology, offers high comfort and drives beautifully with a range of modes to change driving characteristics.
With 163 horsepower and 370 Nm of torque, the A5 is a highway cruiser, but it certainly isn’t afraid to turn off the winding country lanes either.
And, as with premium automakers, you can quickly make up for the rest of that budget by choosing from the wide range of optional extras on offer.
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