Why we’re running it: To see if the definitive executive car – a BMW 5 Series – is now electric, albeit in £100k-plus M60 xDrive guise
Month 1 - Specs
Life with a BMW i5 Touring: Month 1
Welcoming the i5 Touring to the fleet
Before this BMW i5 Touring arrived, I’d spent some time looking after a Land Rover Defender. The two are about the same price, at approximately £100,000 – and, no, I don’t know how so many people appear able to afford cars of that value either.
But to run them as company cars would be quite the different experience. The Defender came with a 3.0-litre diesel engine, thus attracting a 37% benefit-in-kind tax rating – so an employee would pay tax on nearly £37,000 annually; a 40% taxpayer would be faced with a monthly tax bill of nearly £1200.
Compare and contrast with this new BMW i5 Touring and its 2% benefit-in-kind rating, which would leave a 40% taxpayer with a bill of just £67 a month to run it.
The difference is of the magnitude that I keep going back to check it’s not wrong. It’s no wonder that EVs or long-electric-range plug-in hybrids are today the go-to cars for company users.
Anyway, a near-six-figure purchase price before options gets one into a significant amount of electrified BMW hardware. The 5 Series Touring is a big estate car these days, at 5060mm long and 1900mm wide across the body, and it has a 2995mm wheelbase. There’s lots of shared 7 Series architecture underneath it.
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I do wish Matt was more focused on the driving assistance. I borrowed a colleagues i5, took me about 12 seconds to get used to the driving aids and it was driving and parking itself on my first trip (great on the motorway, too slow on the self parking). This was far more useful than the last word in driving feel as I cruised up the M1
My 2017 G31 530xd cost £64k brand new (£25k when I bought at 3 years old), is almost as well-equipped, also has AWD and can get 650 miles on one tank, 700 if I drive a little more sensibly, so it can easily go to the top of Scotland or Switzerland without stopping. Not as quick but still quicker than most cars on the road and weighs 600kg less. BMW must think its customers are complete mugs if they think this new car offers better value in any way than its previous model. Looks worse too.
How exactly do you drive to Switzerland from the U.K. without stopping?!
Glad you mentioned the price - that's insane...i can only assume it's company-car upper-management fodder that buys these at £100K?