With contract hire from Frank Keane your fleet can become a hassle free part of the daily business. The bonus for staff; a funky new MINI to drive! It's a win win!
With recent changes to BIK for 2023 many businesses are considering a switch to electric and plug-in hybrid vehicles. The MINI electric benefits from the lowest amount of BIK liability - zero! If your business is not ready for the switch to full electric the Countryman PHEV comes in on the lowest banding of C02 emissions for calculating BIK liability. An overview of the bandings are below:
For an electric vehicle made available for an employee’s private use during the years 2023 – 2025, the cash equivalent will be calculated based on the actual original market value (OMV) of the vehicle reduced by:
If the reduction reduces the OMV to Nil, a BIK charge will not arise. Any portion of OMV remaining, after the reduction is applied, is chargeable to benefit-in-kind at the prescribed rates which are detailed below.
The amount of business mileage | CO2 emission category | Rate for calculation of BIK | ||||||
---|---|---|---|---|---|---|
Lower Limit | Upper Limit | A | B | C | D | E |
KMs* | KMs* | % | % | % | % | % |
– | 26,000 | 22.5 | 26.25 | 30 | 33.75 | 37.5 |
26,001 | 39,000 | 18 | 21 | 24 | 27 | 30 |
39,001 | 52,000 | 13.5 | 15.75 | 18 | 20.25 | 22.5 |
52,001 | — | 9 | 10.5 | 12 |
The CO2 emissions category of the car is as per the following table | |
---|---|
Vehicle Category | CO2 Emissions (CO2 g/km) |
A | 0g/km up to and including 59g/km |
B | More than 59g/km up to and including 99g/km |
C | More than 99g/km up to and including 139g/km |
D | More than 139g/km up to and including 179g/km |
E | More than 179g/km |
The all-electric MINI is every bit the original iconic MINI, but powered for the roads of tomorrow. It fuses legendary go-kart feeling, distinctive design, and premium quality with local emissions-free driving. It’s driven by a high-voltage, 96-cell, 32.6 kWh (gross capacity) battery pack that’s mounted under the floor. This gives it an extra low centre of gravity, which not only improves stability and handling – but makes taking every bend more fun than ever. It's MINI at its most intense – and most evolved.
MINI Electric Level 2 Contract Hire Example:
Initial Rental(s) |
€1,294.83 |
Documentation Fee payable with Initial Rental |
€75.00 |
Subsequent monthly rental |
€431.61 |
Total Initial Payment (including Initial Rentals and Documentation Fee) payable on the start date of this agreement: |
€1,369.83 |
Followed by 45 Monthly Payments: |
€431.61 |
Excess Kilometre Charges
Maximum Annual Kilometres: 15000 kilometres for each period of 12 months commencing from the date of this agreement. Maximum Total Kilometres for Period of Hire: 60000 kilometres (which shall be pro-rated for earlier termination).
If the Annual Kilometres or Total Kilometres figures shown above are exceeded, an Excess Kilometres charge of €0.08 per kilometre will be incurred.
Embrace the extraordinary. The new MINI Countryman Plug-in-Hybrid harnesses the power of electricity to create a thrilling, yet sustainable, driving experience. With its thoughtful design and precision engineering, it challenges everything you thought you knew about hybrid driving. Striking the perfect balance between power and efficiency, you reap the best benefits of both drives.
MINI Countryman ALL4 PHEV Cooper S Contract Hire Example:
Initial Rental(s) |
€1,759.14 |
Documentation Fee payable with Initial Rental |
€75.00 |
Subsequent monthly rental |
€586.38 |
Total Initial Payment (including Initial Rentals and Documentation Fee) payable on the start date of this agreement: |
€1,834.14 |
Followed by 45 Monthly Payments: |
€586.38 |
Excess Kilometre Charges
Maximum Annual Kilometres: 15000 kilometres for each period of 12 months commencing from the date of this agreement. Maximum Total Kilometres for Period of Hire: 60000 kilometres (which shall be pro-rated for earlier termination).
If the Annual Kilometres or Total Kilometres figures shown above are exceeded, an Excess Kilometres charge of €0.10 per kilometre will be incurred.