Quote:
Originally Posted by Floriank
Simple Calculation as a UK Tax Payer for Company Car purposes:
X5 40d 7-seat with some options:
59,720 on the road
Annual 'Road Tax' 180
Personal Car Tax 6,928
Personal Fuel Tax 2,564
Total Annual Tax Bill: 9,672
Volvo XC90 Momentum T8 7-seat (basic spec is already higher than the X5 above)
59,955 on the road
Annual 'Road Tax' 0
Personal Car Tax 2,156
Personal Fuel Tax 796
Total Annual Tax Bill: 2,952
Over the 3 years I normally keep a vehicle, the T8 will give me a minimum Tax saving of 20,160
And, as a business owner I can write off the full 59,955 for the plug-in hybrid against Corporation Tax in the first year.
There's your reason for buying a plug-in hybrid, here in the UK at least. I don't have the official tax figures for the X5 40e yet but as it has a higher CO2 output, the tax benefits will be quite a bit less compared with the T8
Now let's see, a hybrid (even the T8 with it's near 400hp output) will be a little less satisfying to drive than a V8 but hey, 20,160 might just buy me a little toy for weekend trips to make up for it...
|
Agreed, if you NEED an SUV and the driving is a secondary matter. I haven't seen nor driven the new XC90, so I have no opinion of my own with regards to noise insulation, sound of the engine and the overall driving experience there. Volvos typically have been quite loud in my experience to date.
Time will show.
By the way, I see your point and fully agree, with to such benefits to enjoy when buying the hybrid, there's no discussion.