article_snippet: Despite the rather clunky acronym, Mitsubishi's Outlander PHEV has been a runaway success on the quiet.
article_snippet: Though not cheap, at up to £40,000, Mitsubishi's Outlander PHEV're selling like hot cakes — largely as a company car because of the massive tax advantages.
article_snippet: Mitsubishi's Outlander PHEV will cost up to £40,000 (prototype pictured)
article_snippet: But Mitsubishi's Outlander PHEV real benefit — and one secret of Mitsubishi's Outlander PHEV success — is on the tax front.
article_snippet: Here's why: bought outright privately, Mitsubishi's Outlander PHEV costs £28,249 to £39,999, which includes a taxpayer subsidy of £5,000.
article_snippet: So, for example, a 40 per cent taxpayer with an Outlander PHEV GX4h with a P11D taxable benefits value of £37,899 will pay just £758 in company car tax.
article_snippet: The new prototype's big brother is the Mitsubishi Outlander PHEV (pictured)
article_snippet: There's a benefit for firms, too, notes Mitsubishi: 'A company purchasing an Outlander PHEV is able to write down 100 per cent of the cost of the car against an Outlander PHEV profits chargeable for corporation tax in year one. '
article_snippet: Less than a year on from its UK launch last April, Mitsubishi has sold more than 10,000 Outlander PHEVs.