The Tesla Model Y continues to be the largest-selling car in many countries around the world. In the UK it is hugely popular on both business contract hire and personal contract hire. Let's look at why this car is great for companies under business contract hire.
1) Leasing disallowances - the CO2 is below 50g/km ie it is actually zero CO2 - limited companies can offset 100% of the net finance cost against taxable profits.
2) Low benefit in kind - this means a low annual class 1a National Insurance payment for the employer and low company car tax for the employee.
3) VAT - Limited companies can reclaim 50% of the VAT of the finance rental.
4) Size and space - the Model Y is a high family-sized car - the beauty about it is there are constant software updates from Tesla so the interface changes through time, similar to the way Apple does an IOS update.
5) Servicing - there is no real servicing due on the Model Y - Tesla recommends an annual brake clean.
Check out this video link to learn how 2 different limited companies got their funding arranged by the team here
For our latest Tesla Model Y RWD, Model Y Long or Model Y Performance deals, or if you want a company vehicle tax calculated on your next company car you can ring 028 9693 6363 or email sales@everyvehiclelease.co.uk.
Want to keep up to date on all things to do with contract hire? Sign up to our monthly news letter Newsletter Sign Up (everyvehiclelease.co.uk)