Do you offer a pooled mileage facility?
If you have a number of vehicles with one funder, some will consider creating a pooled mileage facility. Speak to one of our friendly team for more details.
What is Benefit in Kind tax (BIK)?
BIK is a tax placed on employees who receive specific perks or benefits above and beyond their salary as part of their work. If you have a company vehicle which you are allowed to use for private use, you will be liable to pay Benefit in Kind tax.
How do I calculate my BIK tax?
We will display the relevant BiK tax on the pricing page on our website. If your vehicle is no longer displayed on the website you can visit our partners at ComCar for more information. Alternatively contact one of our Business Leasing specialists.
Green Cars’ is the term used for zero, low and ultra-low emission vehicles (ULEVs) - with pressure being applied to lower global emission levels, the need for “eco-friendly” vehicles is on the rise. Many countries now have plans in place to abolish the use of combustion engines before the turn of the century and so more and more vehicles we see on the roads will be Electric, hybrid or very low emission petrol and diesels.
Although beneficial to the environment, ‘Green Cars’ are also beneficial from a taxation view. The lower a vehicle’s emissions banding, the lower the taxation placed against it. Many manufacturers have tapped in to this ever-growing market with their own offerings, however, Volvo were the first manufacturer to state that every one of their models will be either electric or hybrid options from 2019.