New Yaris Hybrid An All-Round Winner On Company Car Ownership Costs
KEY POINTS
- New Toyota Yaris Hybrid achieves lowest three-year running costs among its market competitors in KWIKcarcost data for fleet operators and company car drivers
- Best-in-class combination of fuel economy and emissions from downsized Hybrid Synergy Drive powertrain
- Class-leading residual value performance predicted by CAP– 38 per cent over three years/60,000 miles
- Lowest in Class Taxation, zero VED and 10% BIK (from £25 per month for 20% tax payer)
- Advantage of up to 44 per cent in driver costs compared to key rivals
The new Yaris Hybrid is set to shake up the supermini market, not just by introducing Toyota’s high-efficiency full hybrid power technology to the segment, but also by delivering all-round, unmatched savings on cost of ownership.
Data just released by KWIKcarcost rank Yaris Hybrid the best among its key competitors for delivering the lowest bills over three years for company car operators and drivers. And industry monitor CAP predicts the new Toyota will be the class of the field in terms of residual value over three years/60,000 miles, at 38 per cent for the T4 model.
Private owners, too, will appreciate the new model’s fuel economy – particularly in around-town driving and zero road tax (VED). Add to that the smooth and easy driving character of the hybrid system, contemporary styling, passenger and load space that are every bit as roomy as the standard Yaris and exceptional technical reliability and the prospect is even more appealing.
KWIKcarcost analysis shows that, measured across standard ownership benchmarks over three years, companies running the Yaris Hybrid will be paying just 35.2p per mile. And for the company car driver, personal costs work out at 44 per cent lower (over three years/60,000 miles) than for a comparable Vauxhall Corsa, and almost 30 per cent less than if they opted for a Honda Jazz hybrid. There’s a clear advantage of 10 per cent against the Ford Fiesta and Volkswagen Polo, too. Details of the cost analysis are shown in the table below:
| MODEL |
Toyota Yaris Hybrid T4 |
Ford Fiesta 1.6 TDCi ECOnetic 95 Stop Start |
Honda Jazz 1.3h IMA |
Vauxhall Corsa 1.3 CDTi ecoFLEX 95 SXi AC 6spd |
Volkswagen Polo 1.2 TDI CR 75 Stop Start Blue Motion |
| Doors |
5 |
5 |
5 |
5 |
5 |
| Engine size/transmission |
1.5 Hybrid CVT |
1.6 DT |
1.3 Hybrid CVT |
1.3 DT 6sp |
1.2 DT |
| P11D value |
£15,840 |
£16,740 |
£16,755 |
£16,335 |
£15,660 |
| Combined mpg |
81 |
85.6 |
62.8 |
64.2 |
80.7 |
| CO2 g/km |
79 |
87 |
104 |
115 |
91 |
|
Company costs over 3 years and 60,000 miles |
|||||
| Depreciation |
£10,240 |
£11,586 |
£10,555 |
£11,285 |
£10,221 |
| SMR costs |
£1,674 |
£1,417 |
£1,476 |
£1,596 |
£1,590 |
| Fuel costs |
£4,687 |
£4,623 |
£6,045 |
£6,164 |
£4,904 |
| Insurance |
£1,650 |
£2,205 |
£2,655 |
£1,875 |
£1,875 |
| Finance |
£2,138 |
£2,260 |
£2,262 |
£2,205 |
£2,114 |
| National insurance |
£678 |
£924 |
£832 |
£1,217 |
£864 |
| Pence-per-mile |
35.2 |
38.45 |
39.87 |
40.76 |
36.04 |
| Cost over 3 years |
£21,122 |
£23,070 |
£23,920 |
£24,457 |
£21,623 |
| Total cost variance |
– |
+£1,948 |
+£2,798 |
+£3,335 |
+£501 |
|
Driver costs over 3 years/60,000 miles |
|||||
| Tax bands |
10%, 10%, 11% |
13%, 13%, 14% |
11%, 12%, 13% |
17%, 18%, 19% |
13%, 13%, 14% |
| BIK cost (20% rate) |
£982 |
£1,339 |
£1,206 |
£1,764 |
£1,253 |
| Private fuel (10,000 miles pa) |
£2,340 |
£2,310 |
£3,090 |
£3,024 |
£2,406 |
| Driver personal costs |
– |
+£327 |
+£974 |
+£1,466 |
+£337 |
| Yaris Hybrid saving +/- % |
– |
-10% |
-29% |
-44% |
-10%
|
Data source KWIKcarcost 14 May 2012; petrol calculated at 139.19 ppl, diesel at 145.1ppl; finance rate 4.5%.
The new Yaris Hybrid is available to order now with customer deliveries starting in July. On-the-road prices start at £14,995 for the T3 model.
ENDS
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