3 ms·
As of this year you can get an a lease on an electric company car with a benefit in kind tax rate of 0%. i.e You don't have to pay income tax on the lease[0].
by PJDK 6y ago
As of this year you can get an a lease on an electric company car with a benefit in kind tax rate of 0%. i.e You don't have to pay income tax on the lease[0].
That can make an enormous difference to their affordability, and should also inject a large pool of electric cars into the second hand market over the next few years.
[0] https://www.tesla.com/en_GB/support/incentives https://www.tesla.com/en_GB/support/incentives
- forest_dweller 6y agoI do not want to lease a car. I want to own a car. I don't want to be paying monthly for something unless I absolutely have to. > That can make an enormous difference to their affordability, and should also inject a large pool of electric cars into the second hand market over the next few years. Still too expensive. My current vehicle cost me £4000. It has been paid for (I got a bank loan, I didn't lease or hire purchase) for many years now. It cost me next to nothing to repair, run, tax and MOT. It has next to no fancy electronics and it just works. I can to take it to any garage in the UK and they can repair it, with Teslas, BMWs, Mercs etc you can't really do that. There is no benefit to me in owning an electric vehicle.