{"id":248552,"date":"2023-12-14T17:48:56","date_gmt":"2023-12-14T17:48:56","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=248552"},"modified":"2023-12-14T17:48:56","modified_gmt":"2023-12-14T17:48:56","slug":"best-company-cars-2024","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/car-reviews\/best-company-cars-2024\/","title":{"rendered":"Best company cars 2024"},"content":{"rendered":"<h2>We round up the finest company cars across three price bands<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.autoexpress.co.uk\/image\/private\/s--5uJFjm_y--\/f_auto,t_author-mobile@1\/v1671196110\/autoexpress\/2021\/03\/Shane%20W%20web%20headshot.jpg\"><\/p>\n<ul>\n<li><span><span><\/span>Introduction<\/span><\/li>\n<li><span><span><\/span>Under \u00a330,000<\/span><\/li>\n<li><span><span><\/span>\u00a330,000 to \u00a350,000<\/span><\/li>\n<li><span><span><\/span>\u00a350,000 and above<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.autoexpress.co.uk\/image\/private\/s--roNvK-_---\/f_auto,t_primary-image-mobile@1\/v1702561012\/autoexpress\/2023\/12\/Best%20company%20cars%20-%20header%20image.jpg\"><\/p>\n<p>\u200bThe company car market has seen lots of change over the past few years, especially with the onset of electrification. The Government is pushing motorists to reduce their carbon footprint, and rewarding business users for going green with more favourable company car tax rates on electric and plug-in hybrid cars.\u00a0<\/p>\n<p>As more electrified vehicles hit the market, it\u2019s important to know exactly what you\u2019ll pay as a business user. That\u2019s why we\u2019re bringing you our best company car picks from three price brackets, and, given their tax benefits and rapidly increasing battery range, you\u2019ll find plenty of EVs in our rundown.<\/p>\n<ul>\n<li><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.autoexpress.co.uk\/image\/private\/s--wpVibIKt--\/f_auto,t_related-embed-mobile@1\/v1597798917\/drivingelectric\/2020-05\/calculator.jpg\">Company car tax guide 2023\/2024: everything you need to know<\/li>\n<\/ul>\n<p>Of course, this doesn\u2019t mean combustion-powered cars should be ignored, because optimisations for efficiency mean that many new models still make great company cars. It\u2019s just that they no longer sit in such appealing tax bands as they used to.<\/p>\n<p>Plug-in hybrids also benefit from tax rule changes, with BiK rates here based on a sliding scale that depends on how many miles a PHEV can cover on electricity, assuming they emit between 1-50g\/km CO2. These range from two per cent if the car can cover more than 130 miles on a charge, to 14 per cent if the car offers fewer than 30 miles of zero-emission range.<\/p>\n<h2>What is BiK and what will it cost me?<\/h2>\n<p>A company car is classed as a fringe benefit by the Government, so it incurs Benefit-in-Kind (BiK) taxation. Therefore, what you pay is based on a percentage of the car\u2019s P11D value, which is its price including options, VAT and delivery charges, but not its registration fee or road tax. The BiK percentage you pay is determined by the car\u2019s CO2 emissions, with its output falling into bands that are then linked to a percentage.\u00a0<\/p>\n<p>Depending on whether you pay Income Tax at the lower or higher rate \u2014 we\u2019ve focused on 20 and 40 per cent Income Tax brackets here \u2014 the annual Benefit-in-Kind bill is then calculated at either this 20 or 40 per cent rate of the resultant figure.<\/p>\n<p>As you\u2019ll see from our lists, rule changes over the past few years mean that fully electric cars in particular are big BiK-busters, but plug-in hybrid models also receive favourable rates.<\/p>\n<h2>Time to go electric?<\/h2>\n<p>As a company car, an electric vehicle never used to be an obvious choice. They were held back by short range estimates and limited model choices, but now electric cars have become much more viable, offering greater ranges on a full charge in all sectors of the market, as well as faster recharging.\u00a0<\/p>\n<p>As any car that\u2019s rated at 0g\/km CO2 \u2014 which is every EV on sale today \u2014 only attracts a two per cent Benefit-in-Kind tax rate, many of the best company cars on the market now come with a plug.<\/p>\n<h2>Best company cars by price bracket<\/h2>\n<ul>\n<li><strong>Best company cars under \u00a330,000<\/strong><\/li>\n<li><strong>Best company cars \u00a330,000 to \u00a350,000<\/strong><\/li>\n<li><strong>Best company cars \u00a350,000 and above<\/strong><\/li>\n<\/ul>\n<h6>Continue Reading<\/h6>\n<ul>\n<li><span>1<\/span><span>Introduction<span> &#8211; currently reading<\/span><\/span><span>We round up the finest company cars across three price bands<\/span><\/li>\n<li><span>2<\/span><span>Under \u00a330,000<\/span><span>These are the best company cars for under \u00a330,000<\/span><\/li>\n<li><span>3<\/span><span>\u00a330,000 to \u00a350,000<\/span><span>These are the best company cars for a budget of \u00a330,000 to \u00a350,000<\/span><\/li>\n<li><span>4<\/span><span>\u00a350,000 and above<\/span><span>These are the best company cars for a budget of over \u00a350,000 <\/span><\/li>\n<\/ul>\n<p>Source: <a href=\"https:\/\/www.autoexpress.co.uk\/company-cars\/89750\/best-company-cars-2024\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We round up the finest company cars across three price bands Introduction Under \u00a330,000 \u00a330,000 to \u00a350,000 \u00a350,000 and above<\/p>\n","protected":false},"author":2,"featured_media":248551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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