Options for financing company car?

[seamless]

Hi,

What are the options for an SME to finance a company car ? Looking to spend about 30K on an EV to take advantage of the 0% BIK.

Are there products similar to PCPs available for SMEs ?

Thanks,

 

[Learner2015]

Hi,

What are the options for an SME to finance a company car ? Looking to spend about 30K on an EV to take advantage of the 0% BIK.

Are there products similar to PCPs available for SMEs ?

Thanks,

Audi advertise PCP for both private individuals and small companies so the others might too, although Audi do have their own bank. See here. http://www.audicontracthire.ie/WhyContractHire.aspx

Another alternative which is generally more popular with companies is contract hire, which is really just a long lease with no contractual right to purchase the vehicle at the end of the agreement.

 

[newtothis]

Are there products similar to PCPs available for SMEs ?

Short answer is "yes", though as the other poster has pointed out most company cars have some form of lease agreement rather than purchase.

A couple of related points:

- the 0% BIK is a huge consession, and well worth getting if you can
- the number and type of EV cars on the market is very limited: it may be worthwhile waiting a few months when a few more are due on the market