Welcome to Business Car Manager
Running a small business is never easy. But currently the challenges are many. I was talking to Nigel Stead, boss of Britain’s second biggest leasing company. He told me some uncomfortable news: contract hire rates were due for a rise. But, he added, small businesses should seek partnership with a provider rather than chasing down the keenest deal. “Look for value in the relationship,” said Nigel.
There’s more good advice from our Ask the Experts panel: managing director Karen Hill wanted to know the most economical way to keep her full and part-time staff mobile. You could always consider a MINI Cooper D. Its party piece is sporty performance and over 70mpg. Plus low tax. It’s just another answer to keeping the lid on motoring costs.
Ralph Morton - editor
HEADLINE NEWS
In addition to escalating fuel costs, small business motoring expenditure looks set to increase further: rental rates are rising this month.
ALSO IN THE NEWS
There’s a new 2.0-litre turbo in the Audi A5. It’s quick: 0-62mph in 6.9 seconds. Yet it’s better on company car tax than the cheaper 1.8 T model. Save tax here.
Are tax mistakes costing your business money? Incorrectly filed P11D returns can lead to £3000 fines and HMRC tax investigations. Avoid getting caught out.
If you’re heading to France this summer in your car, remember to take a reflective jacket – it’s a new requirement under French law. Or face a 135 euro fine.
ROAD TESTS
Stunning looks; Gallic flair; and apparently German build quality – the C5 is Citroen’s best tilt yet at the Ford Mondeo. But is it good enough? Sam Hardy reports.
The MINI Cooper D has it all: covetous looks, go-kart handling, great performance and tax credentials to make a taxman weep. Ralph Morton is won over.
ADVICE CENTRE
I have three full-time and one part-time staff – and all need transport, writes a reader. How do I keep them mobile and my costs down? Expert answer here.
Business Car Manager Ltd, 95 Station Road, Hampton, Middx TW12 2BD. Registered as a company in England and Wales 5581943, and a member of the Federation of Small Businesses.
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