- Slash your BIK costs with 530e plug-in hybrid
- Just £51/£103 to tax for 20%/40% tax payers
- Conventional petrol 530i would cost £153/£306
The economical new BMW 520d ED emits just 102g/km of CO2 – and is capable of 72.4mpg – making it a very affordable car for fleet drivers to tax.
Those after a new 5 Series, however, can more than halve that car’s BIK tax bills, by opting for the £43,985 530e iPerformance plug-in hybrid, with monthly charges from £51/£103 (for 20% and 40% taxpayers respectively).
With an official emissions figure of just 46g/km and the potential to cover up to 29 miles on electric power alone, this green model is far cheaper to tax than both petrol and diesel alternatives. The 530i petrol – which shares its engine with the plug-in model – will set you back £153/£306 per month, depending which tax band you’re in.
The economy-focused 520d ED diesel, meanwhile – which already emits 6g/km less than the standard model – is likely to cost around £123/£245 per month, barely better than the normal 520d due to the anticipated £800 price premium.
Fuel costs for the plug-in model should be much cheaper than the alternatives, too, courtesy of 141.2mpg claimed economy and the ability to plug the car in for all-electric short journeys.
Where the 530e is likely to be less competitive, though, is in leasing costs, thanks to its high list price. Weighing in at £43,930 this plug-in model costs slightly more than the £43,835 530d, nearly £4,000 more than the 530i petrol and approximately £7,000 more than the 520d ED. As a result, the 520d ED could be a sensible choice if you can't get a 530e within your monthly allowance.
See a rundown of the 2016/17 BIK costs for plug-in, petrol and diesel models below:
BMW 530e iPerformance:
£51 per month (20% taxpayer)
£103 per month (40% taxpayer)
BMW 520d ED (predicted):
£123 (20% taxpayer)
£245 (40% taxpayer)
BMW 530i SE:
£153 (20% taxpayer)
£306 (40% taxpayer)
BMW 530d SE:
£175 (20% taxpayer)
£350 (40% taxpayer)
You can read how Parkers found the BMW 520d on our road test here