Very pleased to show-off another happy customer’s car – the Vauxhall Astra Diesel Hatchback 1.6 CDTi 16V ecoFLEX (110ps) Sri Nav 5 Door Manual. The customer, locally based in Leigh (Greater Manchester) was previously running a company car through their employer.
When you have a company car, this is subject to Benefit In Kind (BiK), which means that you pay income tax based on the vehicle you are operating.
The amount of tax you will pay is based on:
· The P11d value of the vehicle; and
· The CO2 which is set out as grams per kilometre (g/km)
When you running a company car as an employee you need to accurate determine the level of tax you will on the vehicle, taking into account your tax band (are you a 20, 40 or 45% tax payer).
The P11d is the form which is completed by the employer and sent to HMRC in relation to the Pay As You Earn Scheme. For a vehicle, the P11D value of your car comprises the list price, including VAT, plus any delivery charges, but does not include the car’s first registration fee or its annual road tax.
Before moving forwards with a vehicle, do ask your vehicle supplier to provide this along with the car’s CO2 to calculate the tax payable.
If you are using private fuel for company cars, a taxable benefit of £22,200 is payable for tax year 2016-17. This increases to £22,600 for 2017-18.
For vehicles with higher P11d/CO2, it is often more cost-effective to utilise a personal contract hire vehicle and pay for the vehicle personally. The employer contribution to your car is still subject to income tax but the P11d and CO2 is an irrelevant consideration. However, when you are looking at vehicles, you need to ensure you are building in an accurate cost for the vehicle plus the maintenance/servicing and the insurance too. Do consider that when you take a car via your employer, they will arrange your insurance, so you need to organise this separately if you are going down the personal route.
· Mineral Black Metallic Paint
· Formula Cloth – Jet Black
· 17″ 5 Twin Spoke Alloy Wheels
The Sri is a high-level car within the range. As standard you get sports seats, air conditioning, solar glass, tinted windscreen, hill start assist, apply car play, cruise control, voice control system, navigation, 6 speakers, DAB radio, body coloured externals, chrome black finish, shark fin aerial, 17” Alloys, ultrasonic alarm system, leather steering wheel and a driver assistance pack. In terms of additional factory options – consider the front/rear parking sensors, spare wheel and the tinted glass for the complete vehicle.
On the technical-side, company-car drivers can note the P11d of £22,375.00 and CO2 at 91g/km. The 1598CC 6 speed manual engine delivers 110ps, which will provide combined MPG of 83.1 and 0-62 times of circa 10 seconds. Service intervals are set at every 12 months or 20,000 miles whichever is sooner. As a result, so weight the funder-maintained (to include all servicing, tyres and breakdown) vs driver-maintained (you organise all servicing and maintenance).
So would the Astra be your choice in the hatchback range for your next leasing option? Or would you go for the Ford Focus, Seat Leon or Peugeot 308 or even the Fiat Tipo we reviewed yesterday?
Let us know your thoughts!
Click Here for the best rates on business and personal leasing for this Vauxhall Astra SRI from CarLease UK…
