Competitive RV And BIK Tax Figures For The All-New Volvo S80

Volvo S80
  • Excellent Residual Value (RV) forecasts of up to 42% for all-new Volvo S80.
  • BIK tax advantage for the all-new Volvo S80 of up to £697 per annum.

    Extremely competitive residual value and Benefit in Kind tax figures for the all-new Volvo S80 executive saloon will enable it to compete head on with its well-known German rivals. In addition, extended 18,000 mile service intervals¹ and a 30 per cent reduction in labour content make the all-new S80 one of the most driver and fleet manager-friendly Volvos.

    Leading car industry residual value (RV) experts², EurotaxGlass’s, Lex Vehicle Leasing and CAP Monitor, have predicted strong RVs ranging from 40 to 42 per cent for the proposed best seller in the all-new Volvo S80 range, the 185PS D5 SE turbodiesel with Geartronic transmission. Only the automatic BMW 5-series diesel models are marginally ahead of the Volvo S80 with RV figures³ of 43 and 45 per cent for the 525D SE and 520D SE, respectively.

    Benefit in Kind (BIK) taxation figures for the all-new Volvo S80 show that a 40 per cent tax payer could save up to £697 a year compared to its key competitors4 once the cost of leather upholstery, an increasingly essential item for strong residual values, is added to the PIID price of its rivals³ to match the standard specification of Volvo’s SE trim level. The 163PS and 185PS Volvo S80 2.4D and D5 SE would cost a 40 per cent tax payer £697 or £596 less in BIK taxation respectively than the 180PS Audi A6 2.7 TDi SE, and £599 or £498 less respectively than the equivalent, but less powerful, 177PS BMW 525D SE.

    Similarly, the BIK tax for a 40 per cent tax payer who chooses the 200PS Volvo S80 2.5T SE is £505 less than the lower powered 177PS Audi A6 2.4 SE, or £301 less than the BMW 525i SE which only offers an additional 18PS of power.

    More and more managers are opting for diesel luxury cars and the all-new S80 doesn’t disappoint. Two diesel options are available, the 163bhp 2.4D and 185bhp D5 models, both offering a good combination of strong residuals and low fuel consumption - up to 44.8mpg (D5 163PS).

    “The all-new S80 is a big step forward for Volvo at the luxury end of the market, which is why we have been more bullish about its future residual values. Having driven the car and seen the overall levels of specification and whole life costs, the new S80 looks capable of competing with its German rivals for the first time,” explained Steve Jones, Lex Vehicle Leasing pricing manager.

    “As usual, Volvo has taken the requirements of corporate drivers very seriously and the result is the most competitive luxury car we have ever produced in this sector,” explained John Wallace, corporate sales and leasing manager, Volvo Car UK.

    “When you look at the specifications, RVs and BIK tax figures, the all-new Volvo S80 is extremely competitive and we are confident of tempting more corporate drivers into Volvos for the first time,” he added.

    Published : 18/05/06 Author : Melanie Carter

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