Best company cars £40,000 to £50,000

Many people associate executive petrol or diesel saloons with being the traditional company car, but while there are still plenty of these models available on the market, things have moved on. Not only are SUVs more popular than ever, but electric cars now offer some of the biggest Benefit-in-Kind (BiK) tax savings. 

The good news is that our list of the best company cars for between £40,000 and £50,000 comprises a variety including executive cars and SUVs, so there’s something for everyone.

The best company cars for £40,000 to £50,000

These are the best company cars for a budget ranging from £40,000 to £50,000, listed in reverse order.

Hyundai Ioniq 6

6

• Variant: Ioniq 6 Premium Long Range RWD
• Price: £47,040
• Powertrain: 77kWh battery, 1x e-motor
• CO2/BiK band: 0g/km/3%
• 0-60mph/top speed: 7.4 seconds/115mph

You’ll struggle to find a more distinctive-looking company car in the £40k-£50k bracket than the Hyundai Ioniq 6. While the Ioniq 5 goes for a kind of eighties boxy vision of the future, the Ioniq 6 is like a cross between 1920s streamliner and a modern saloon – and streamlined it is, with one of the lowest drag coefficients of any production car. The sloping roof slightly eats into rear headroom, and the conventional boot (rather than a hatch) is a little awkward for luggage, but it’s comfortable and relaxed to drive, and a range of up to 338 miles is competitive, if not class-leading. However, its 350kW fast-charging speed is towards the top of the class.

See our Hyundai Ioniq 6 deals

Mercedes-Benz C 300 e

6

• Variant: C 300 e Urban Edition
• Price: £49,860
• Powertrain: 2.0-litre 4cyl petrol plug-in hybrid
• CO2/BiK band: 13g/km/6%
• 0-60mph/top speed: 6.1 seconds/149mph

The little ‘e’ on the end of C 300 gives you a hint that this Mercedes is a plug-in hybrid rather than a fully electric car. But don’t let that fool you into thinking BiK will be far more expensive than for an EV as a result, because the C 300 e’s 70 miles of EV-only running means it sneaks into the 6 per cent BiK bracket for 2025-2026 – not as low as the 3 per cent of a full EV, but way less than a diesel or mild hybrid. And in return, you get all the Mercedes C-Class virtues, from restrained but handsome styling, to strong performance and an elegant and well equipped interior.

See our Mercedes C-Class deals

Renault Scenic

6

• Variant: Scenic Esprit Alpine Long Range
• Price: £43,495
• Powertrain: 87kWh battery, 1x e-motor
• CO2/BiK band: 0g/km/3%
• 0-60mph/top speed: 7.9 seconds/105mph

Today’s Renault Scenic is rather different from all the previous models to carry the name. It’s not the small, deeply clever mini-MPV that launched in the mid-nineties any more, but the latest Scenic is still an excellent car in its own right. It’s safe, as you’d hope for from a Renault family car, and it drives well too, which also isn’t a great surprise. But 60kWh and 87kWh battery options give it a very practical 260-379-mile range, all wrapped up in a smart exterior design, with a well thought-out dashboard, and a pretty big boot. Keen pricing helps keep BiK costs to a minimum too.

See our Renault Scenic deals

Skoda Enyaq

6

• Variant: Enyaq Edition 85
• Price: £44,300
• Powertrain: 77kWh battery, 1x e-motor
• CO2/BiK band: 0g/km/3%
• 0-60mph/top speed: 6.7 seconds/112mph

The Skoda Enyaq is becoming a familiar sight on the roads, which is no real surprise. Just like the various petrol and diesel-powered Skodas before it, the Enyaq does pretty much everything well, and for a thoroughly reasonable price. This brand-new model gets sharpened-up styling for a little more personality than before, and in Edition trim comes with matrix LED headlights and an electric massaging driver’s seat. Comfort, space and practicality are the Skoda’s strongest suits though, while the 77kWh battery in the latest model is good for a claimed 360 miles of range if you have a light right foot.

See our Skoda Enyaq deals

Tesla Model Y

6

• Variant: Model Y Long Range Rear-Wheel Drive
• Price: £46,990
• Powertrain: 81kWh battery, 1x e-motor
• CO2/BiK band: 0g/km/3%
• 0-62mph/top speed: 5.7 seconds/135mph

There’s very little wrong with the Tesla Model 3 as a family EV – but if you want a little bit of extra space, the Model Y has the same basic driving dynamics plus a slightly larger cabin and a bigger boot.

The new Model Y is just around the corner but currently only the Launch Series edition of that car is available to order and it has a price tag of over £60,000. But under our £50k limit you can get a Long Range Rear-Wheel Drive model with a range of 351 miles, plus a 0-62mph time that’d still trouble a few hot hatchbacks. It’ll top up at up to 250kW and comes with a monthly BiK tax bill that is, even for higher-rate payers, less than many a mobile phone contract.

See our Tesla Model Y deals

Best company cars by price bracket

• Best company cars under £25,000
• Best company cars £25,000 to £30,000
• Best company cars £30,000 to £40,000
• Best company cars £40,000 to £50,000
• Best company cars £50,000 to £60,000
• Best company cars £60,000 and above