Why we’re running it: To see if the definitive executive car – a BMW 5 Series – is now electric, albeit in £100k-plus M60 xDrive guise
Month 1 - Specs
Life with a BMW i5 Touring: Month 1
Welcoming the i5 Touring to the fleet
Before this BMW i5 Touring arrived, I’d spent some time looking after a Land Rover Defender. The two are about the same price, at approximately £100,000 – and, no, I don’t know how so many people appear able to afford cars of that value either.
But to run them as company cars would be quite the different experience. The Defender came with a 3.0-litre diesel engine, thus attracting a 37% benefit-in-kind tax rating – so an employee would pay tax on nearly £37,000 annually; a 40% taxpayer would be faced with a monthly tax bill of nearly £1200.
Compare and contrast with this new BMW i5 Touring and its 2% benefit-in-kind rating, which would leave a 40% taxpayer with a bill of just £67 a month to run it.
The difference is of the magnitude that I keep going back to check it’s not wrong. It’s no wonder that EVs or long-electric-range plug-in hybrids are today the go-to cars for company users.
Anyway, a near-six-figure purchase price before options gets one into a significant amount of electrified BMW hardware. The 5 Series Touring is a big estate car these days, at 5060mm long and 1900mm wide across the body, and it has a 2995mm wheelbase. There’s lots of shared 7 Series architecture underneath it.
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