WITH changes to the London Congestion Charge coming into force later this month, it’s now or never if you want to snap up an exempt MINI for your small business and avoid the new charges.
From 1 July the new Ultra Low Emission Discount will come into force, and as a result only cars emitting less than 75g/km of CO2 will be exempt from the £10/day charge.
From 1 July the new Ultra Low Emission Discount comes into force
Currently, any car emitting less than 100g/km can enter the zone for free.
However, right up until the end of this month, you buy or lease a brand-new, diesel-powered MINI One D or MINI Cooper D, and enjoy Congestion Charge Exemption for a further three years until 24 June 2016. Both MINI hatchback models manage 74.3mpg and emit just 99g/km of CO2.
Thanks to a low company car tax rate of 14%, SME owners, small fleet managers and company car drivers looking at the Cooper D will pay £580 a year in company car tax at the basic 20% rate (£1160 at 40%).
The amount payable for the slower and less powerful One D model is cheaper still, at just £443 and £887 respectively.
Remember that the MINI must be registered with TfL (Transport for London) before 30 June to avoid the daily charge. But if you live and work in the capital, the exemption could be worth up to £7600 over three years.
As of 1 July, all new cars emitting more than 75g/km will be subject to the charge.
So what are you waiting for? Register your new MINI before 30 June and enjoy three years of toll-free motoring.
