Company car Vs personal car

CPTM

I've read through a few threads but they seem to be a few years old and with BIK starting to increase for EV owners I just wanted to check.

Basically I have a company and I'm looking for a new car and want to switch to an EV.

I do next to zero driving for the business bar the odd journey here so it would mostly be for personal use.

The car is worth around 50k original market value. We're looking at second hand ones for about 30k.

I'm worried that in a few years the company will own the car outright, the BIK rates will have gone up against EVs, and I will basically be left with a BIK tax bill each year against 50k. I know there is the 35k allowance now but that is set to change.

Should I go with the company now, and in 2 or 3 years (when BIK relief for EVs drops massively) trade that car in and buy a personal electric? Or should I just buy a personal electric now straight away?

In case it matters we'd only drive about 10k a year.

Lenar3556

Buy it personally. It’s no longer worth the hassle of putting cars within companies, particularly with low business KM’s

If it was a commercial vehicle, it would probably be different.