On the other hand, any business user buying the car outright can effectively get it for £37,340, thanks to the £5,000 PICG and 100 per cent first year allowance – and that’s before any of the economy and other advantages of the plug-in hybrid drive-train in use come into play.
Company car drivers on 40 per cent income tax end up paying only £86 per month for the Volvo V60 Plug-in Hybrid – about the same as well-specced diesel super-minis such as the Citroen DS3 or the Mini Cooper D.
Monthly running costs should be low too – depending on the pattern of use, the V60 Plug-in Hybrid should be able to cover a decent proportion of its miles on electricity without using any diesel at all.
At the official combined fuel consumption figure of 155.2 mpg, that could mean a saving in fuel of about £100 compared with rivals with similar performance.
According to Selwyn Cooper, head of business sales at Volvo: “Although R-Design sales have just started, orders are already strong as businesses and drivers crunch the numbers and realise they don’t have to bust their budget or compromise on style, performance, comfort or technology.”
Read more about the Volvo V60 Plug-in Hybrid
Click here to read our car review: Volvo V60 diesel hybrid car review – serious tax breaks mean it might just fit your bill
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Click here for how low tax doesn’t mean you can’t look sporty: Volvo V60 Plug-in Hybrid gets the R-Design treatment