Pick-up drivers can now secure 0% interest on a new Isuzu D-Max EV.
The 4×4 specialist has announced the new package as sales get underway for its first all-electric model.
From now until the end of September, customers taking out a three-year hire purchase agreement will be able to secure interest-free payments with a 50% deposit.
The D-Max EV is among a new wave of all-electric pick-up trucks but stands out amongst rivals such as the KGM Musso EV and Toyota Hilux thanks to its payload and towing capabilities.
While most rivals are limited in their capacities, the D-Max EV matches its diesel counterpart with a one-tonne payload and 3.5-tonne towing limit.
Along with announcing the new finance deal, Isuzu has confirmed the tax status of its double- and extended cab models, following confusion around new rules.
The D-Max EV is only offered in double-cab body style and questions had been raised about how HMRC treats new double-cab trucks for the purposes of VAT and Vehicle Excise Duty.
However, Isuzu and HMRC have confirmed that there are no changes to the treatment of the D-Max EV or other double- or extended-cab models. VAT-registered businesses can reclaim 100% of VAT on double and extended cab vehicle purchases as well as single cab models and commercial pick-up variants.
HMRC has also confirmed that Vehicle Excise Duty (VED) is not affected by any changes to Benefit in Kind treatment for double and extended cab pick-ups, which is charged at a flat rate of £360 per year on both EV and ICE models.
“This month’s clarification by HMRC is extremely important for many businesses and industries,” said Alan Able, managing director of Isuzu UK. “Questions around how HRMC views double and extended cab pick-ups for the purpose of reclaiming VAT has caused some uncertainty. We confirm the full range of Isuzu D-Max in all cab layouts, both Electric Vehicle and ICE models, qualify for 100% reclaim of VAT by VAT-registered businesses.”
