Skip advert
Advertisement

Best company cars £40,000 to £50,000

These are the best company cars for a budget of £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. 

Advertisement - Article continues below

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

  • 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.

Skip advert
Advertisement
Skip advert
Advertisement - Article continues below

See our Hyundai Ioniq 6 deals

Mercedes-Benz C 300 e

  • 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
Advertisement - Article continues below

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

  • 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

  • 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
Advertisement - Article continues below
Skip advert
Advertisement
Skip advert
Advertisement - Article continues below

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

  • 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

Skip advert
Advertisement
Skip advert
Advertisement

Recommended

Confirmed: New Hyundai Ioniq 6 N high-performance EV set for Goodwood reveal
Hyundai Ioniq 6 N teaser - front end

Confirmed: New Hyundai Ioniq 6 N high-performance EV set for Goodwood reveal

The upcoming hot saloon will use, and diversify, N’s high-performance technology
News
12 Jun 2025
Nissan X-Trail review
Nissan X-Trail - main image

Nissan X-Trail review

The Nissan X-Trail is bigger and better than before, but its innovative electrified powertrain isn’t as efficient as some rivals
In-depth reviews
11 Jun 2025
Car Deal of the Day: family-size Skoda Enyaq EV going cheap at under £280 a month
Skoda Enyaq front tracking

Car Deal of the Day: family-size Skoda Enyaq EV going cheap at under £280 a month

Skoda offers two excellent electric SUVs, but the price gap between them is smaller than you’d think. The Enyaq is our Deal of the Day for 10 June.
News
10 Jun 2025
Best mid-size SUVs to buy 2025 - our expert pick of the top options
June 2025 Best mid-size SUVs

Best mid-size SUVs to buy 2025 - our expert pick of the top options

Mid-size SUVs are hugely popular in the UK, and these are the very best of the current crop
Best cars & vans
4 Jun 2025

Most Popular

New Peugeot 208 GTi: electric hot hatch gets stunning looks and plenty of power
Peugeot E-208 GTi - reveal front

New Peugeot 208 GTi: electric hot hatch gets stunning looks and plenty of power

Hot Peugeot E-208 gets racier styling, 276bhp and does 0-62mph in just 5.7 seconds
News
13 Jun 2025
New BYD Dolphin Surf Comfort review: the best BYD yet
BYD Dolphin Surf Comfort - front

New BYD Dolphin Surf Comfort review: the best BYD yet

The new BYD Dolphin Surf Comfort is arguably the Chinese brand's most convincing model in its range
Road tests
11 Jun 2025
New entry-level Renault Symbioz is £3k cheaper than a Nissan Qashqai
Renault Symbioz hybrid - front angled

New entry-level Renault Symbioz is £3k cheaper than a Nissan Qashqai

The Renault Captur has also been fitted the new full-hybrid powertrain, which gets a bigger battery for more pure-electric driving
News
12 Jun 2025