Whether you are a single vehicle sole trader or a company with a large fleet of vehicles, we can offer a great service with our Business Sales team.
Our dedicated TMS Volvo Corporate Sales Specialist will ensure you receive a high quality service and advise you on all matters of vehicle funding and taxation.
Your fleet can benefit from compelling finance and contract hire rates, and you can be kept up to date with regular electronic updates of product news, exclusive offers and the reassurance that comes from using an authorised Volvo Dealership. 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
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.
If you'd prefer, you can give us a call at one of our Volvo showrooms and speak to one of our trained sales consultants who will be happy to help -
TMS Volvo Coventry - 02476 303132 | TMS Volvo Hinckley - 01455 632478 | TMS Volvo Leicester - 0116 2758800
With minimal BIK tax, low running costs and technology that makes public charging easy, there’s never been a better time to add an EV to your fleet.
There are plenty of reasons an electric Volvo could benefit you and your business. Announcements within the 2021 Budget plan highlighted that benefits such as low BIK tax will remain in place until at least 2025. Furthermore, choosing a fully electric Kia brings additional cost efficiencies and benefits to your business.
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 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.