Fleet News

Volvo special editions cut BIK tax bills

Volvo has announced a new Business Edition specification in the S60, V60 and V70 line-ups with features aimed specifically at company car drivers.

With a higher level of specification than the outgoing ES and ES Nav variants, which the Business Editions replace, the models have been designed to appeal to people choosing company cars.

As well as features that appeal to business users, such as satellite navigation, Bluetooth, upgraded audio and rear parking sensors, but also have a reduced price tag of up to £3,000 compared to the ES, reduce a driver's annual benefit-in-kind tax liability compared with the outgoing models.

Now available to order, Volvo developed the Business Editions following feedback from its dealer network, corporate sales clients and residual value setters.

The S60 Business Edition on-the-road price starts from £19,995 for the T3 version and from £21,195 for the comparative model in the V60 line-up; both represent a significant £3,000 reduction compared to the outgoing ES versions.

The V70 D2 Powershift Business Edition starts from £24,995 on-the-road, representing a £2,925 reduction on the ES model.

Volvo national corporate operations manager Selwyn Cooper said: "The business community is vitally important to us at Volvo, particularly as we have seen an increase of nearly a third (32%) of business users funding a Volvo through our contract hire and leasing facilities in the first six months of this year.

"In order to better represent their needs, we are launching our new Business Editions in the S60, V60 and V70 line-up to make it easier for company car drivers to identify the right model for them."

Residual value setters CAP and KeeResources have received the new models positively and Volvo expects to see a higher residual value compared to the outgoing ES model which will be reflected strongly in the monthly rentals.


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Comments

  • THEBADMANRIDDUM - 17/08/2012 11:43

    Great move by Volvo

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