Renault News Article

You are here » Home » News » Renault News » Renault News Article Print

Search for Used Cars

Search for Used Cars

Search for News

Search for Reviews
Compucars Car Reviews

THE FUTURE TODAY FOR COMPANY CAR DRIVERS WITH 28 CARS ALREADY MEETING NEW 2008 CO2 INCENTIVE

THE FUTURE TODAY FOR COMPANY CAR DRIVERS WITH 28 CARS ALREADY MEETING NEW 2008 CO2 INCENTIVE

- 5% reduction in BIK in 2008/9 for cars emitting 120g/km or less
- Renault already offer 28 cars meeting this level
- Megane is the only non-hybrid medium sized car to meet target
- Become a film buff - driver reduces tax bill enough to visit the cinema every week!

The government has declared a new CO2 emissions incentive for the benefit in kind (BIK) tax on company cars from 2008/09 meaning cars with CO2 emissions of 120g/km or below will have the tax level lowered by 5% to 10% of the retail price instead of 15% (or 13% instead of 18% for diesels). This has led the Government to believe that the challenge is on for manufacturers to produce cars that not only meet these emissions but are also attractive particularly to the fleet market where a car of reasonable size and cost is of paramount importance. Luckily, Renault’s fleet customers don’t have to wait three years; the future is already here, with 28 cars in Renault’s range already emitting 120g/km or less – including the only-non hybrid medium sized car on the market.

Renault is the only manufacturer to offer the future today with a full range of small and medium sized cars including its most popular models, New Clio and Mégane, that already conform to the UK government’s company car and benefit in kind tax measures set for 2008/9, with low running costs and purchase price.

Renault offer six New Clio’s, 11 Modus mini-MPV’s, two previous generation Clio Campus and nine medium sized Mégane’s that all use the Renault dCi 68, 86 and 106 engines to great effect emitting 120g/km or less, and therefore fitting in the VED (road tax) Band B along with hybrid cars - the cost of which was also reduced by £35 in the last budget.

For such a visionary range of products you’d expect such advanced technology to be expensive but fleet customers can buy a New Clio Expression 1.5 dCi 86 three door which has a CO2 emissions figure of just 117 g/km for just £11,040. Falling into the Band B VED category with a low insurance rating of 2E and a combined fuel consumption of 64.2mpg, Renault’s are not only kind to the environment, they are also good for your bank balance too.



Mégane is the only non-hybrid medium sized 120 g/km car

The biggest-selling company cars are the medium and large ones which may be either job cars that pound the motorways taking people to appointments or perk cars which come with a higher grade job. This therefore, is the vital area of the market where a car as environmentally friendly as the Government’s new target will be crucial if the incentive is to work.

Here, Renault’s Mégane dCi 86 and 106 six-speed also fit into the band B category with CO2 emissions of just 120 g/km making it the exception to rule as no other non-hybrid medium sized car such as the Ford Focus, Vauxhall Astra or VW Golf fit into this VED band. Fleet-friendly prices start from just £12,250 for a Mégane Sport Hatch dCi 86 – somewhat cheaper than the cheapest hybrid at £16,300.

Become a film buff courtesy of Renault and the Inland Revenue

So what does this mean in money saved to the driver of a Mégane? Currently the best-selling mid-range Mégane Hatch dCi106 Dynamique costing £14,662 would cost a 40% tax payer £1055.66 a year when taxed at 18% of the retail price. In 2008 this will be reduced to 13% of the retail price (£1906.06) meaning a 40% tax payer will pay only £762.42 to the Inland Revenue – a saving of £293.23, enough to treat yourself to a Hollywood blockbuster at the cinema every week!

In February this year, Renault President and CEO, Carlos Ghosn presented Renault Commitment 2009 in which he outlined the company’s objective for even further improvement by declaring Renault will sell one million cars emitting less than 140 gram