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Best company cars £50,000 to £60,000

These are the best company cars for a budget of £50,000 to £60,000

If you’re fortunate enough to have up to £60,000 to spend on your next company car, you’re probably looking for something that’s rather luxurious as well as being low on the Benefit-in-Kind (BiK) tax scale. There’s plenty of choice in this area of the market, so to help you decide, our list of the best company cars for £50,000 to £60,000 comprises just about everything ranging from hybrid executive cars to electric SUVs

The best company cars for £50,000 to £60,000

Read on below to find the best company cars that you can buy for £50,000 to £60,000, listed in reverse order.

Audi Q4 e-tron

  • Best family car
  • Variant: 45 82kWh S Line
  • Price: £54,670
  • Powertrain: 82kWh battery/2x e-motors
  • CO2/BiK band: 0g/km/2%
  • 0-62mph/top speed: 6.6 seconds/112mph
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Premium-badged models have often made good company car choices, and they’re particularly appealing when they incur just two per cent BiK tax. That’s the case with the Audi Q4 e-tron which, in this dual-motor, 282bhp guise, costs higher-rate taxpayers just £36 per month. 

For that figure they’ll be getting a family-sized SUV that shares some underpinnings (mainly the MEB platform) with VWs, Skodas and Cupras, but makes up for it with a typical high-quality Audi cabin that’s packed with useful tech (including a better infotainment set-up than in those other brands). It’s a decent car to drive, too.

BMW i4

  • Best executive saloon
  • Variant: eDrive35 M Sport
  • Price: £52,200
  • Powertrain: 70kWh battery, 1x e-motor
  • CO2/BiK band: 0g/km/2%
  • 0-62mph/top speed: 6.0 seconds/118mph
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The performance figures for BMW’s all-electric exec can appear pretty modest compared with some rivals; a 0-62mph time of six seconds isn’t anything special for an EV. Yet the i4 scores by delivering not spine-shattering acceleration but rather the involving driving dynamics that have made combustion-engined BMWs so popular over the years. The i4 eDrive35 is fast enough and brilliant with it, plus it has an official range of close to 300 miles.

We’ve opted for M Sport spec here, which has all the equipment you’d really want and comes in with a P11D price not far north of £50k. That means that, thanks once again to BiK tax rules, it will cost a higher-rate payer just £35 per month.

Mercedes EQB

  • Best seven-seater
  • Variant: 250+ AMG Line Premium
  • Price: £58,005
  • Powertrain: 70.5kWh battery, 1x e-motor
  • CO2/BiK band: 0g/km/2%
  • 0-62mph/top speed: 8.9 seconds/99mph
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Mercedes hasn’t hit the bullseye with many of its pure-electric offerings, but there’s an honesty about the EQB that we find quite appealing. Its boxier shape is dedicated to practicality and, sure enough, this is one of precious few seven-seat EVs available, let alone one with a premium badge. It’s uninvolving to drive, admittedly, but is generally comfortable and extremely refined.

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Cheaper trim levels are available but in single-motor, front-wheel-drive 250+ spec, the AMG Line Premium model brings plenty of bells and whistles for less than £60k – translating to a very impressive BiK monthly bill of less than £40 for a higher-rate taxpayer.

Peugeot 508 SW

  • Best estate
  • Variant: Peugeot Sport Engineered 1.6 Hybrid4 360
  • Price: £55,120 
  • Powertrain: 1.6-litre 4cyl plug-in hybrid
  • CO2/BiK band: 45g/km/12%
  • 0-62mph/top speed: 5.2 seconds/155mph

If you’re after a rapid wagon but fancy something different to what the usual German premium brands offer, Peugeot might have the answer with its 508 SW Peugeot Sport Engineered. This muscular-looking fastback has enough boot capacity for most occasions and a nicely finished, tech-filled cabin.

Performance is strong, with its PHEV powertrain pumping out a total of 355bhp through a 1.6-litre turbocharged engine and a pair of electric motors (including one on the back axle, making this 508 four-wheel drive). It’s better at straight-line punch than absolute agility, but there’s a surprising amount of compliance within the suspension that allows genuinely rapid progress on a fast, flowing road. Inevitably, there’s a price to pay in the shape of 12 per cent BiK tax, but monthly bills of £110/£220 won’t break the bank.

Tesla Model Y

  • Best SUV
  • Variant: Performance AWD
  • Price: £59,935
  • Powertrain: 78kWh battery/2x e-motors
  • CO2/BiK band: 0g/km/2%
  • 0-62mph/top speed: 3.5 seconds/155mph

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 but a slightly larger cabin and a bigger boot.

It’s this type of vehicle that really shows off how company-car choosers can get a great deal on an EV; the Model Y Performance AWD costs a whisker under £60k, yet this is a fully specced, cutting-edge electric car, which can travel over 300 miles on a single charge. 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.

Best company cars £50,000 to £60,000

Best company cars by price bracket

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