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Volvo drives roughshod over tax break

THIS 4×4-style SUV from Volvo might not have the added traction of four-wheel drive, but it has the added attraction of driving below the critical 160g/km tax break.

The latest Volvo XC60 DRIVe model features two-wheel drive and CO2 emissions of 159g/km. This means the XC60 DRIVe qualifies for a 20% writing down allowance (WDA) under the new tax rules introduced in April this year.

Further assisting its running costs is the news that its residual value has been upgraded which should be reflected in lower contract hire rates and better running costs. Fuel economy is 47.2mpg.

John Wallace, Volvo’s national corporate strategy & development manager, explained that the introduction of the 159g/km DRIVe model has made it more attractive to businesses as company cars.

“No other car offers this combination of equipment, dynamic looks, safety and environmental prowess,” said Wallace.

“At the same time the XC60 offers great fuel economy and lower CO2 figures. The awareness of DRIVe across all models in the Volvo range has increased enormously.”

All XC60 models, including DRIVe, come as standard with Volvo’s award-winning City Safety system, which helps drivers to avoid low-speed collisions. This reduces the risk of whiplash injuries and keeps bodywork repair bills to a minimum.

City Safety uses laser technology to monitor traffic up to six metres in front of it. If the system detects an accident is imminent and the driver has not reacted, the system automatically applies the brakes to avoid or reduce the effects of an accident.

Further information on company car tax changes

The details of the changes introduced in April are included in our special guide to the tax rules on business cars. You can download it for free by clicking on this highlighted link The BIG tax change (PDF 518KB).



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30 November 1999

THIS 4×4-style SUV from Volvo might not have the added traction of four-wheel drive, but it has the added attraction of driving below the critical 160g/km tax break.

The latest Volvo XC60 DRIVe model features two-wheel drive and CO2 emissions of 159g/km. This means the XC60 DRIVe qualifies for a 20% writing down allowance (WDA) under the new tax rules introduced in April this year.

Further assisting its running costs is the news that its residual value has been upgraded which should be reflected in lower contract hire rates and better running costs. Fuel economy is 47.2mpg.

John Wallace, Volvo’s national corporate strategy & development manager, explained that the introduction of the 159g/km DRIVe model has made it more attractive to businesses as company cars.

“No other car offers this combination of equipment, dynamic looks, safety and environmental prowess,” said Wallace.

“At the same time the XC60 offers great fuel economy and lower CO2 figures. The awareness of DRIVe across all models in the Volvo range has increased enormously.”

All XC60 models, including DRIVe, come as standard with Volvo’s award-winning City Safety system, which helps drivers to avoid low-speed collisions. This reduces the risk of whiplash injuries and keeps bodywork repair bills to a minimum.

City Safety uses laser technology to monitor traffic up to six metres in front of it. If the system detects an accident is imminent and the driver has not reacted, the system automatically applies the brakes to avoid or reduce the effects of an accident.

 

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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