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If you're looking to lease a double-cab pickup, upcoming tax changes could significantly impact your costs. Here's everything you need to know about the new tax rates and how they could affect you.
What’s changing?
Currently, double-cab pickups with a payload capacity of one tonne or more are classified as commercial vehicles, benefiting from a flat Benefit-in-Kind (BiK) tax rate and favourable capital allowances.
However, from 6 April 2025, these pickups will be reclassified as passenger cars for BiK purposes. This means the current flat BiK rate of £3,960 will shift to a variable rate ranging from 2% to 37%, depending on the vehicle’s CO2 emissions. This could lead to big cost increases for drivers as most double-cab pickups have large diesel engines.
On 1 April 2025, double-cab pickups will also be reclassified as company cars for Capital Allowance (CA) purposes, where they previously held a ‘plant and machinery’ tax status.
Why act now?
By leasing a double-cab pickup now, you can lock in favourable tax rates before the new regulations take effect in April.
Double-cab pickups leased before 6 April 2025 for BiK purposes and 1 April 2025 for CA purposes will retain their current classification until the lease ends or 5 April 2029.
Double-cab pickup lease deals
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