SEAT FLEET RUNNING COSTS

If you’re looking for the most cost-effective company car, don’t forget the role that fuel economy should play in your decision.

A company car driver will often focus only on the cost of benefit-in-kind taxation. However, this might lead to a higher overall cost when private fuel costs are taken into account.

The below example compares a petrol and a diesel model with the same P11D value.

Although the petrol car offers lower benefit-in-kind taxation, when we consider the cost of private mileage, diesel is the lower cost option.

	Petrol	Diesel
P11D	£25,000	£25,000
CO2(g/km)	138	123
BiK 2020/21 tax year	30%	31%
BiK 2021/22 tax year	31%	32%
BiK 2022/23 tax year	32%	33%
Total BiK tax (20% taxpayer)	£4,650	£4,800
MPG (Combined)	44.5	53.3
Annual private mileage	7,500	7,500
Fuel price / litre (p)	125.9	133.9
Total fuel cost	£2,894	£2,569
Total cost	£7,544	£7,369

Sinclair Garages Limited is authorised and regulated by the Financial Conduct Authority (ref: 305925). Our other group companies , Sinclair Garages (Bridgend) Limited, Sinclair Garages (Newport) Limited, Sinclair Garages (Cardiff) Limited and Sinclair Garages (Swansea) Limited, are Appointed Representatives of Sinclair Garages Limited. You can check this on the FCA's register by visiting the FCA's website www.fca.org.uk/firms/financial-services-register or by contacting the FCA on 0800 111 6768.

Our permitted business is the supply of motor vehicles and associated products and services, including Finance and Insurance. We are a Credit Broker not a Lender. We do not charge for this service but will receive a commission from our finance partners. The nature of the commission is either fixed flat fee or fixed percentage of the balance funded. Neither the commission nor any other associated benefits we receive influences the interest rate or premium you pay.

Registered Address: Sinclair Group | Old Field Road | Bocam Park | Pencoed | CF35 5LJ. Registered number: 1192572. Automotive Web Site by Bluesky Interactive Ltd

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SEAT FLEET RUNNING COSTS

If you’re looking for the most cost-effective company car, don’t forget the role that fuel economy should play in your decision.

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SEAT FLEET RUNNING COSTS

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