A significant tax change is on the horizon for double cab pick-up drivers. Starting 6 April 2025, vehicles like the Ford Ranger will be reclassified from commercial vehicles to cars for Benefit-in-Kind (BiK) tax purposes.This shift could lead to a substantial increase in tax liabilities for those who utilize these vehicles through company car schemes.
Understanding the Change
Traditionally, double cab pick-ups have been classified as commercial vehicles, benefiting from lower BiK tax rates. This classification has made them a popular choice for both business professionals and individuals seeking versatile vehicles. However, the upcoming reclassification means these vehicles will be taxed as cars, potentially resulting in higher personal tax obligations.
Act Now to Lock in Current Rates
There’s a limited-time opportunity to mitigate the impact of this tax change. By ordering your Ford Ranger MS-RT before 5 April 2025, you can secure the existing lower BiK tax rates until April 2029. This proactive approach allows you to enjoy up to four additional years of favorable tax treatment.
Introducing the Ford Ranger MS-RT
The Ford Ranger MS-RT seamlessly blends performance, style, and practicality. It’s designed to cater to both business needs and lifestyle aspirations. Whether you’re navigating urban environments or exploring the great outdoors, the Ranger MS-RT delivers on all fronts.
For Business Drivers:
- Professional Appearance: The Ranger MS-RT’s distinctive design makes a strong statement, reflecting a commitment to quality and professionalism.
- Practical Functionality: With a substantial payload capacity and robust towing capabilities, it’s equipped to handle demanding tasks with ease.
For Lifestyle Enthusiasts:
- Versatile Performance: Ideal for weekend adventures, the Ranger MS-RT offers the power and agility needed for activities like towing boats, caravans, or transporting outdoor gear.
- Comfort and Style: The vehicle’s interior combines comfort with sporty aesthetics, ensuring an enjoyable driving experience on every journey.
Limited Stock Available
Due to high demand and the impending tax changes, the Ford Ranger MS-RT is in limited supply. To ensure you don’t miss out on securing this exceptional vehicle with the current favorable tax rates, it’s advisable to act promptly.
Take Action Today
To learn more about the Ford Ranger MS-RT and explore financing options tailored to your needs, visit MS-RT Leasing. Our dedicated team is ready to assist you in navigating this transition and ensuring you continue to enjoy the benefits of driving a Ford Ranger MS-RT.
Note: Tax regulations are subject to change. It’s recommended to consult with a tax professional to understand how these changes may specifically impact your situation
