Kia Business Contract Hire

Part of the Kia Range
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Whether you are a single vehicle sole trader or a company with a large fleet of vehicles, TMS Kia has a Business Specialist who can ensure you receive a high quality service and advise you on all matters of vehicle funding and taxation.

Our Business Specialist has experience in the Corporate Sales and Finance sector dealing with all fleet sizes, and can provide you with the expert advice required to run company vehicles in a cost effective and efficient way

Fresh thinking is part of everything we create, and so we’ve devised a fantastic idea to help you manage your fleet maintenance costs.

Benefit in Kind Car Taxation

If you have the benefit of a company car, you become liable to Benefit in Kind (BIK) taxation. The amount you pay depends on the P11d price (List Price) of the vehicle and its C02 emissions.

The P11d price of the car, the day before it was registered, including delivery charges but excluding Road Fund Licence and 1st Registration Fee. N.B. This is not the price you pay for the car. Any extra's fitted to the car including items fitted after the vehicle is delivered, e.g. a tow bar, should be included in this figure.

*All prices are subject to VAT

Minimal BIK tax

Electric vehicles will attract a BIK tax rate of just 1% from April 2021, offering substantial savings potential over a three-year cycle. From 2022, the BIK tax rate for EVs moves to 2% and remains at that level until 2025. For context, a typical petrol car that emits 130g/km would attract a 30% BIK rate. That’s a substantial difference

Lower running costs

It’s not just low BIK tax that makes electric cars an appealing proposition for businesses. Electric vehicles – such as the e-Niro or Soul EV – qualify for a full deduction in Capital Allowances. So there’s a potential for savings even before the car is on the road. Once you have an electric car in your fleet, you’ll quickly notice that they cost substantially less to run. That’s partly because electricity is far cheaper than either petrol or diesel. So you could expect to see notable savings on your fuel bill. And, because electric cars have significantly fewer moving parts, service and maintenance costs are lower, too. When you’re out on the road, you’ll find yet more opportunities for savings – electric cars sometimes qualify for free parking and are exempt from certain charging zones, such as London’s congestion charge, for example.

Easy public charging with KiaCharge

For most drivers, the majority of charging is done at home or work. Though the e-Niro and Soul EV are capable of 280 miles on a single charge, there will be times when high-mileage drivers need to use a public chargepoint. To help make that as simple as possible, Kia has introduced KiaCharge which lets you locate, access and pay for charging across the majority of UK networks using one, easy solution. It gives you access to more than 15,000 UK connectors, as well as 190,000 chargers across 28 other European countries. And, KiaCharge offers two flexible tariffs to help you get the most cost-efficient solution, depending on your usage habits. There’s no need to waste time downloading multiple apps and signing up to various providers, which leaves you more free time to be inspired.

Our Dedicated Business Sales Specialist

If you would like to discuss Business Sales any further, please contact Andy McInnes on 07961 719520 or regarding your requirements or to answer any questions you may have.

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