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Car tax changes: Benefit in kind leasing increase will be a 'relatively negligible' rise


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“But I think the one percent is so low it s relatively negligible. For a Model 3, one percent will be £14 per month, the equivalent on a BMW 3 Series is now £344 per month.
“So £14 per month is so much less. And switching from petrol and diesel to electricity, there saving about 90 percent on their fuel costs if they can charge from home.
And so actually the saving they are making between petrol and diesel and electricity will more than offset that change as well.
“It’s still so low so I m not worried about it from that perspective.”
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Last year, Octopus Electric Vehicles claimed the number of drivers leasing electric vehicles had soared since new tax rules were introduced. ....

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