Outlander PHEV Company Car Benefits

Low emissions and low company car tax

With ultra-low emissions of a staggering 44g/km thanks to Mitsubishi’s Intelligent Technology, the Outlander qualifies for a reduced rate benefit in kind (BIK) taxation.

Financial savings for company car drivers

With average savings of over £4,000 every year for company car drivers, the Mitsubishi Outlander PHEV can be like getting an additional annual pay rise.

Reduced company car costs

With traditional BIK at the rate of 25%, the Mitsubishi Outlander PHEV has a BIK rate of just 5%. Not only is your NIK rate reduced but you can enjoy a car that is exempt from road tax and costs little to fuel if your commute is 30 miles or less.

 

Compare MItsubishi Outlander PHEV against other SUVs

 

View the savings below          
 

Outlander PHEV
GX4h Auto

Honda CR-V
EX Auto

BMW X3
Xdrive SE Auto

Audi Q5
S-Line Plus Auto

Mercedes E-Class
SE Estate Auto

Cost of the car - P11d value

£37,899

£33,995

£34,500

£39,215

£36,005

Government grant reduction

£5,000

£0

£0

£0

£0

Adjusted final price 

£32,899

£33,995

£34,500

£39,215

£36,005

CO2 emissions g/km

44

180

138

156

140

Benefit in kind rate

5%

32%

23%

27%

24%

Vehicle benefit charge without fuel provided

£758

£4,351

£3,174

£4,235

£3,456

Tax saving per year without fuel (40% taxpayer)

-

-£3,593

-£2,416

-£3,477

-£2,698

Vehicle benefit charge with fuel provided

£1,192

£7,129

£5,170

£6,579

£5,539

Tax saving per year with fuel (40% taxpayer)

-

-£5,927

-£3,968

-£5,387

-£4,338

High capital allowance

Due to the 44 g/km levels of CO2, any company purchasing a Mitsubishi Outlander PHEV is able to write down the full 100% cost of the car against profit chargeable for Corporation Tax in the first year.

Compared to a maximum of 18% for a traditional company vehicle, and 8% on vehicles exceeding emission levels of 130 g/km, a business with even a small fleet of Mitsubishi Outlander PHEV vehicles can save substantially with Corporation Tax due in the first year of purchase.

Reduction in National Insurance

Class 1a National Insurance Contributions are reduced on top of the money saved with reduced Corporation Tax.

Jennings Motor Group Mitsubishi Outlander PHEV HybridJennings Motor Group Mitsubishi Outlander PHEV Hybrid Electric Charging

Reduced employee payments

The low emissions means that company car tax is reduced due to BIK tax payments to just 5%.

First year allowances

With 100% first year allowances (FYT) allowances available for new electric cars, you can claim the entire cost of the Mitsubishi Outlander PHEV as a deduction when calculating profitable tax or loss for the accounting period of purchase.