I'm considering buying a new M5 through my company, as a company car. Purchase through PCP I'd be driving under 20k a year. What would the Bik rate be? Thanks, Conor Do you have an idea
Hi Conor,
The new M5 sits in vehicle category A for BIK purposes as its CO2 emissions rating is under 59g/km.
For mileages up to 26,000km a year, that means a rate of 22.5 per cent.
As the M5 is in category A, then it will get a €10,000 reduction in the OMV (Open Market Value), meaning a standard M5's applicable value would be €127,055.
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