New Yaris Hybrid An All-Round Winner On Company Car Ownership Costs

28 May 2012

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

Ref:120525DM

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New Yaris Hybrid An All-Round Winner On Company Car Ownership Costs

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