As the economic downturn continues, knowing precisely how much items actually cost is more important than ever, both for employers and employees. Motivated by factors such as tax changes and the potential savings on offer, it is perhaps not surprising that more and more businesses are looking at calculating the whole life cost of their vehicles when buying or leasing.
Calculating the whole life cost of a car is a complicated process. Some key factors to take into account include a car's depreciation, meaning the difference between the purchase price and the residual value of the vehicle at the end of the contract, insurance, maintenance in terms of scheduled and predictable servicing costs, the cost of incidental repairs such as broken windscreens and wing mirrors, fuel costs, and taxation including vehicle tax and employees' benefit-in-kind liability.
KIA MEANS BUSINESS
Based upon a 3-year/60,000 operating profile*, the table below illustrates just how much money your business could save by choosing Kia vehicles over some well known competitor company cars. Once you start multiplying these savings across your fleet, you will realise just how significant these reductions in operating costs could be for you.
* source: Kwik carcost December 2009
These savings also translate into highly competitive contract hire rentals, with the new cee’d eco-dynamic Hatchback costing from just £179 per month plus VAT** on contract hire. In addition our P11D position means your employees pay less benefit in kind – a win/win situation.
So isn’t about time that you considered adding Kia to your fleet? As your local Kia Business Specialist Dealer we can advise you on all aspects of vehicle acquisition, including whole life costings. For a no obligation consultation please Jonathan and find out more about why Kia has the power to surprise.
** based upon a 3-year non maintained contract hire agreement. 3 rentals in advance followed by 35 monthly payments. Provider ALD Automotive – subject to status and acceptance.
| Make | Model | Cost Per Mile | P11D Value | BIK % | Total |
| Kia Rio | 1.5 "2" CRDI 5 door | 27.36 | 9605 | 13% | 16416 |
| Ford Fiesta | ECOneticTDci 90 | 32.3 | 14890 | 13% | 19380 |
| Kia Cee'd | 1.6 CRDI "2" Ecodynamics | 31.94 | 14105 | 13% | 19164 |
| Vauxhall Astra | Club ecoFLEX CDTi 110 | 42.64 | 18655 | 13% | 25584 |
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