Starting from £27,845
£299 deposit£299 per month
The MINI Electric | £299 Monthly Rental + £299 Initial Rental
From April 2020, tax on pure battery and efficient plug-in hybrid electric vehicles will decrease dramatically. The Government announced that company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21, rising to just 1% in 2021-22 and 2% in 2022-23. Any cars registered from today will attract BIK at the current rate, but are eligible for the 0% rate from April 2020.
Company car drivers of fully electric vehicles will pay no BIK in 2020 and 2021
Benefit In Kind (BIK) is the provision of a company car that is available for the employee's private use. The employee must pay tax on this benefit and this is known as company car tax.
In addition to the driver savings, the business (when outright purchasing the vehicle) also benefits from a greatly reduced National Insurance Contribution. Furthermore, if the vehicle is used for business use only, the business also benefits from 100% Write Down Allowance in Year 1.
The table below illustrates the financial saving to business drivers of the MINI Electric in the 2020/21 compared to 2019/20. A comparison of the costs of running a Renault ZoeElectric has also been included showing the MINI as offering much better value, particularly when you factor in the standard specification of the car outlined after the table below.
|Vehicle||2019/20 BIK Taxable Value||20/21 BIK Taxable Value|
|MINI Electric 3-Door Hatch |
P11D value = £27,845
|BIK rate: 16% |
BIK value = £4,455
Based on a 40% tax payer this results in £1,782 tax per annum (£149 per month)
|BIK at 0% = £0 tax (£1,782 saving compared to 2019/20)|
|RENAULT ZoeElectric Q90 S Edition Rapid Charge Auto = £30,120||BIK rate: 16% |
BIK value = £4,810
Based on a 40% tax payer this results in £1,924 tax per annum (£160 per month)
|BIK at 0% = £0 tax (£1,782 saving compared to 2019/20)|
About MINI ElectricDue to officially launch in March 2020, the MINI Electric blends the timeless appeal of the design and go-kart handling with the latest in cutting-edge, zero-emissions powertrain technology and in-car connectivity. It drives just as a MINI should with performance close to that of the hot hatch MINI Cooper S, accelerating from zero to 62 mph in 7.3 seconds.
Instantly recognisable as a three-door MINI Hatch and with a range of up to 144† miles from a single charge, MINI Electric can handle hours of driving without needing to stop. And you can feel good driving all of those miles because you’ll be emitting 0g/km of CO2. When you do need to charge up, you can do it at one of the 6,100 public charging stations around the UK or at home.
It will come as no surprise that the MINI Electric is spec’d to perfection. Standard features include:
✓AC & DC Charging
✓ Sat Nav with Real Time Traffic Information and ability to locate public charging stations
✓ Apple CarPlay
✓ Automatic Transmission
✓ Automatic Air Conditioning & Dual Zone Climate Control
✓ Full Front & Rear LED Lights
✓ Cruise Control
✓ Intelligent Emergency Call
✓ DAB Digital Radio
✓ MINI Driving Modes (the ability to switch driving mode settings between Sport and Green)
✓ Power Regeneration
✓ Ability to remotely heat or cool the car through the MINI Connected app
If you would like to find out more about the MINI Electric, or our latest business offers on the MINI range, click the button below and a member of our corporate team will be in touch.
Contact us today
Representative Finance Quote
|MINI Electric 3-Door Hatch|
|Monthly Rental||£299.00 exc. VAT|
|Term of Agreement||36 months|
|Initial Rental||£299.00 exc. VAT|
|Excess mileage charge (per mile)||7.37 pence|
Terms & Conditions
*Plus initial rental of £299. Offer available to business users only. Figures exclude VAT. Based on a 36 month Contract Hire agreement for a MINI Electric 3-Door Hatch with a monthly rental of £299 plus VAT, annual mileage of 8,000 miles and an excess mileage charge of 7.37 pence per mile plus VAT. Vehicle condition and other charges may apply when you return the vehicle at the end of your agreement. Subject to status and to UK residents only (excl. the Channel Islands). Individuals must be 18 or over. Guarantees and indemnities may be required. The amount of VAT you can reclaim depends on your business VAT status. Rentals may change if VAT rate changes during agreement. Hire provided by BMW Group Corporate Finance. BMW Group Corporate Finance is a trading style of Alphabet (GB) Limited, Alphabet House, Summit Avenue, Farnborough, Hampshire, GU14 0FB. Terms and conditions apply. Offer may be varied, withdrawn or extended at any time. This quotation is not a binding offer to enter into a finance agreement. BMW (UK) Limited is a credit broker.
Figures are for comparison purposes and may not reflect real life driving results which depend on a number of factors including the accessories fitted (post registration), variations in weather, driving styles and vehicle load. All figures were determined according to a new test (WLTP). The CO2 figures were translated back to the outgoing test (NEDC) and will be used to calculate tax on the first registration. Only compare fuel consumption and CO2 figures with other cars tested to the same technical procedure.
All finance is subject to status and available to over 18's only (excluding The Channel Islands). Guarantees and indemnities may be required. Offers valid at the time of upload and liable to change.
My Husband and I collected our Mini Cooper today after what can only be described as an absolutely flawless service from Ian and Lloyd Newcastle MINI. Having previously used other well known garages for all of our cars, we were delightfully surprised to be treated like human beings, not bled dry nor our heads spinning from sales spiel throughout the process. Ian is a fine example of how to do his job right and to do it well. We were constantly kept informed, listened to, respected, processes kept straight forward in a pressure free & relaxed environment. Plus they know how to make an awesome cup of tea and coffee! Thank you Ian.
Lauren Crossey - Lloyd Newcastle MINI