Best company cars £40,000 to £50,000
These are the best company cars for a budget of £40,000 to £50,000
If you’re fortunate enough to have between £40,000 and £50,000 to invest in your next company car, you’ll have plenty of upmarket options to choose from. As ever, electric cars offer the biggest Benefit-in-Kind tax savings, but plug-in hybrids aren’t too far behind if you prefer liquid fuel.
Either way, you’ll find the perfect option here as our experts have rounded up the very best company cars for £40,000 to £50,000.
| Model | Price from | Fuel type | BiK band |
| Hyundai Ioniq 6 | £47,000 | Electric | 3% |
| Mercedes C 300 e | £50,000 | Plug-in hybrid | 13% |
| Polestar 2 | £45,200 | Electric | 3% |
| Skoda Superb Estate iV | £41,600 | Plug-in hybrid | 9% |
| Tesla Model Y | £45,000 | Electric | 3% |
Read on to find the best company cars for a budget ranging from £40,000 to £50,000, or click the links above to jump to a specific model
Hyundai Ioniq 6
- Price from: £47,000
- Fuel Type: electric
- CO2/BiK band: 0g/km/3%
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 the Ioniq 6 is comfortable and relaxed to drive, and a range of up to 338 miles is competitive, if not quite class-leading. However, its 350kW fast-charging speed is towards the top of the class.
“The steering is really light, meaning the car is easy enough to manoeuvre around town. There is a slight delay in response from the accelerator, which takes the edge off the four-wheel drive version. For that reason, we’d lean more towards rear-wheel drive.” - Ellis Hyde, news reporter
Mercedes-Benz C 300 e
- Price from: £50,000
- Fuel Type: plug-in hybrid
- CO2/BiK band: 13g/km/6%
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 official EV-only range of 71 miles means it sneaks into the 6 per cent BiK bracket for 2025-2026.
While this rate isn’t as low as the 3 per cent of a full EV, it’s still considerably less than a diesel, petrol or even a regular 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.
“Despite having a smaller battery, the Mercedes has a longer claimed all-electric range than the BMW 330e. On our test, the C-Class proved to be more frugal once the battery was low, returning 46.2mpg compared with 43.2mpg for the BMW.” - Dean Gibson, senior test editor
See our Mercedes C-Class deals
Polestar 2
- Price from: £45,200
- Fuel Type: electric
- CO2/BiK band: 0g/km/3%
With up to 409 miles of range on the WLTP combined cycle, the Polestar 2 is one of the electric cars that manages to demolish any preconception of range anxiety. It has plenty of top-shelf quality to back this up, too, and it’s this combination that’s given the Polestar’s arch rival, the Tesla Model 3, a metaphorical headache for several years.
While the 2’s ride quality is a bit on the firm side, the cabin makes up for this with its enjoyably soft seats. The Google-based infotainment system won over our road testers, too, thanks to its quick response times, clear graphics and straightforward functionality.
“The electric fastback has a classy feel to the interior, while the frameless door mirrors and glass roof panel just add to the stylish look. The smart steering wheel, chunky door handles and excellent seats are all very Volvo, but we’re certainly not complaining.” - Ellis Hyde, news reporter
Skoda Superb Estate iV
- Price from: £41,600
- Fuel Type: plug-in hybrid
- CO2/BiK band: 8g/km/6%
The Skoda Superb has one of the boldest names in the business, but luckily it manages to live up to it. Regardless of its badge, this is a genuinely prestige-feeling car and it offers a huge amount of passenger and boot space, especially in estate form. Oddly, though, if you want plug-in hybrid power (and you will as this slashes the applicable BiK rate) you can only have the estate as this is unavailable in the saloon.
An official electric-only range of 84 miles puts the Skoda Superb Estate towards the top of the PHEV class for zero-emission running. When the 1.5-litre engine does kick in, there’s a decent amount of shove on offer courtesy of the 201bhp that’s being produced. This is by no means a performance powerhouse, but it is an excellent commuter and family car.
“The Superb Estate includes the brand’s ‘Simply Clever’ convenience touches, with 28 helpful features throughout. Familiar examples include the umbrella hidden in the driver’s door, and a handy ice scraper.” - Jordan Katsianis, senior staff writer
Tesla Model Y
- Price from: £45,000
- Fuel Type: electric
- CO2/BiK band: 0g/km/3%
The latest Tesla Model Y turns even more heads thanks to it looking more futuristic than before, and it boasts some truly class-leading efficiency, space and technology to boot. There’s more good news, too, as the Long Range Rear-Wheel Drive model falls within our budget here, so you’ll have 387 WLTP combined miles at your disposal.
The bigger long-range battery is inevitably heavier, but this particular Model Y still manages a borderline ridiculous 0-60mph sprint of just 5.4 seconds. This Tesla’s regenerative braking system is also one of the smoothest that our road testers have used to date, so you can safely come to a stop in a delightful calm fashion.
“Tesla has gradually enhanced the ride comfort of the Model Y as the years have passed. While it’s still on the firm side of the class, there’s more sophistication to the way it deals with bumps than before.” - Alex Ingram, chief reviewer.
Best company cars by price bracket
