If you’re considering a new plug-in hybrid (PHEV) as your next company car, now is the time to act. From next year, company car tax rates on PHEVs are set to rise, making them a more expensive option for business users. However, there’s still an opportunity to secure a new PHEV at today’s lower tax rates – and Bussey Vehicle Leasing is here to help
Plug-in hybrids have long been a popular choice for company car drivers, offering lower Benefit-in-Kind (BiK) tax rates than traditional petrol or diesel vehicles. However, upcoming changes mean that BiK rates on PHEVs will increase annually from 2025, making it crucial to make your move before these hikes take effect.
By acting now, you can lock in today’s lower tax rates and future-proof your company car choice against rising costs. Our expert team is ready to guide you through the best options to keep your business running efficiently and cost-effectively.
Don’t wait until tax increases hit – talk to us today and secure your new plug-in hybrid before the changes take effect.
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