BMW 530e iPerformance running costs
|Insurance group||Warranty||Service intervals||2018/19 company car cost (20%/40%)|
|36E||36 months / unlimited miles||24 months / 18,000 miles||£1,189.63 / £2,379.26|
The BMW 530e is a two-faced financial proposition. Company-car users benefit from low BiK tax costs of £2,379 for the 2018/19 tax year, £2,928 for 2019/20, and £2,562 for 2020/21, based on a 40% taxpayer running a 530e SE iPerformance. A 520d SE, for instance, averages at around £2,000 a year more expensive over the next three years.
This cheaper tax comes on top of the substantial fuel savings available, provided you plug the 530e in regularly, which will allow the average commuter virtually free travel (especially if they have access to a charge point at work), other than for the odd longer journey when they have to rely on the petrol engine. Provided your company will foot the lease or purchase costs for the BMW, the 530e is something of a no-brainer for business users.
Retail users will find it more difficult to make the case for the 530e. There’s no government grant to reduce the purchase cost any more, and while BMW typically offers good dealer discounts and low-rate finance, the 530e is still expensive compared to a (granted, slightly slower) 520d diesel or 520i petrol.
The turbocharged 2.0-litre petrol engine is efficient when fitted to non-hybrid models, returning more than 50mpg in the 520i and 48mpg in the 530i in official tests. The weight of the batteries in the 530e does have an impact, though, so expect to see more like 35-40mpg in real-world use when the petrol engine is running.
BMW 530e iPerformance insurance group
Insurance costs on the 530e should be competitive by the standards of the large executive saloon class. It falls into group 36, which makes it cheaper to insure than a 530d, if a bit more expensive than a 530i, and it should cost a similar amount to an equivalent Mercedes E-Class and Audi A6.
BMW offers a three-year/unlimited-mileage warranty, including roadside assistance, on all of its models. That’s the same warranty cover that you’ll get with Mercedes, while Audi and Volvo offer standard cover for up to three years or 60,000 miles.
There are no set servicing intervals on the BMW 530e – instead, it’ll ping up an alert on the dashboard when a service is due, the frequency of which will depend on your usage of the car. BMW offers a comprehensive fixed-price servicing package, which isn’t cheap, but can be spread out into monthly payments. All new BMWs also come with MoT Protect, which means BMW will repair any faults that cause the car to fail its first MoT inspection, free of charge.
The BMW 530e is free of road tax for the first year, but is subject to VED of £130 per year thereafter. On top of that, because it costs more than £40,000, it’s subject to an additional 'premium-rate' tax of £310 for years two to six. That means, all-in, the 530e will cost £440 annually from years two to six, and £130 a year thereafter.