Tees Business #4 | Page 8

A new breed of Volvo Order books are now open for Volvo's XC90 'twin engine' plug-in hybrid model – the perfect vehicle for business and SME owners/managers. Volvo’s award-winning All-New XC90 model has received rave reviews from the motoring press and with the order books now open for the stunning T8 “twin engine” model there has never been a better time to consider this stylish Swedish brand. The benefits to business users are plain to see when you consider how the numbers stack up. The XC90 T8 Twin Engine is powered by a two-litre, four-cylinder supercharged and turbocharged petrol Drive-E powerplant with an electric motor. The result is a total output of 407hp, a combined fuel economy of up to 134.5mpg, with CO2 emissions of 49g/km (NEDC driving cycle). With a pure electric range of up to 26 miles, buyers will receive the Government's Plug-In Car Grant (PICG) of £5,000 towards the purchase price of the vehicle which stands at £63,650. For employees, or directors, the car is subject to a 5% BiK banding, which equates to a monthly income tax liability of £53.04 (£636.48 p.a.) for a 20% taxpayer, and £106.08 (£1,272.96 p.a.) for those paying income tax at the higher rate of 40%. Beth Ward, SME business specialist at Teesside’s Mill Volvo, said: “Employee wellbeing, affordability and a low carbon footprint are key priorities for businesses when procuring vehicles, which makes the XC90 T8 Twin Engine a highly compelling proposition for corporate customers. “This model is already proving popular, and initial sales forecasts are set to be exceeded.” “Combined with premium styling, luxurious surroundings and technological innovation, this model offers a high value and competitive package which is ideal for a range of company car users, spanning executives to chauffeur drivers. The sales team at Mill Volvo are experts in finding the best funding solution for you and your business. To book your personal business consultation contact the dealership on 01642 673251. Mill Volvo Preston Farm Business Park / Avro Close / Stockton-on-Tees / TS18 3SG Tel: 01642 673251 Email: [email protected]