Why the new Alfa Romeo Junior Electric Car Lease is perfect for your Cosmetic Dental Business

In the Cosmetic Dental Business? - Why the new Alfa Romeo Junior Electric Car Lease is perfect for you

The move to an all-electric car procurement industry has been met with a mix of ambition and trepidation in the UK. With a new Labour Government suggesting a painful budget ahead, the news for the automotive industry when it comes to EVs is being met with considerable intrigue (and slight trepidation).

This is especially so with the suggestion that the 2035 ZEV Mandate will instead become a 2030 ZEV Mandate, meaning that all new cars in the UK must be zero-emission or manufacturers will incur fines / penalties. Impossible?

Well not according to the people of Norway, who set a new world record for the percentage of all-electric cars sold vs combustion. For August 2024, Norway recorded an amazing 94% of pure electric vehicles compared to other combustion options. Not unlike the UK, the Norwegian Government has been supporting the uptake through tax incentives as well as bus lane and parking benefits. The Norwegian zero-emission goal of 2025 looks set to be achievable!

Of course, every country has its own nuances when it comes to vehicle policies, infrastructure and ethos. However, the incredible success story of Norway does prove that a more electric-heavy demographic is possible. As the Visit Norway website sets out the country is very much the EV capital of the world. Maybe the UK can emulate this success as it pushes towards a nation of EVs (in July we recorded an 18.5% market share for BEVs)           

Cosmetic dentistry is a growing business in the UK, with many dentists concentrating more on work associated with the appearance of teeth and facial enhancements (as opposed to prevention and treatment of dental disorders). The fact is that improving our nations dental aesthetics, teeth colour, alignments and smile configuration is a lucrative business.

Even more so when many UK citizens are no longer using health tourism destinations like Turkey, in order to procure orthodontic works. For the UK dentists pursuing this as a career, there are considerations on how best to run their business. In conjunction with their accountant, there will often be an analysis of the sole trader / partnership routes compared to a separate legal entity route under a limited company (Ltd) or limited liability partnership (LLP)

Simple overviews on tax and legal / accountancy obligations can be reviewed via some interesting blogs like Dentistry  and Acuity Law  . While in many cases the most practical and secure route is to take your cosmetic dentist practice into an incorporated status, you should always work with a reliable accountancy and legal operation.

For a limited company, the query of fleet vehicles and company cars is something which commonly arises. While many will have run their vehicles personally, in successful cosmetic dentist companies, there will be an incentive to more wisely offset their Corporation Tax position, especially when it comes to cars for the owners / directors and even the staff or pool cars.

Lease v Buy is something which many accountants will discuss in depth and this is none more so relevant with the situation on electric cars. As per below there are pros and cons with leasing and buying, with each business likely to make a decision based on their individual needs and requirements:

•  Buying an EV - when we say “buy” this will include cash purchase, hire purchase and contract purchase, with each having their own rationale. For many cash-rich businesses, especially highly profitable ones, there may be an immediate requirement to offset tax at the end of the accounting period. With a purchase you are engaging Capital Allowances, which allows the company to Write Down the value of the asset according to its CO2. Every vehicle will have an emissions reference shown as g/km, in reference to tailpipe emissions. Since an EV emits no CO2 from the tailpipe, or 0g/km, this allows the company to write down 100% of the value of the vehicle against tax. In brief, the entire purchase price, plus any interest, can be offset against the taxable profits for that financial year - so a big and immediate tax benefit. With purchase products, you do have to consider that you are undertaking the ownership aspects of the vehicle, with any risks of depreciation being passed to the company. In many cases, the maintenance and general upkeep including the re-sale of the vehicle will be retained by the company. As such, if you are looking to change a vehicle every 2-3 years, this needs to be taken into account. For more long-term solutions (5 years+), the use of purchase products is more advisable; or

•  Leasing an EV - when we say lease, we do actually mean contract hire. Much like its name suggests, this is a formal agreement between your dental company and the finance company to use the EV for a predetermined period of time (generally 2, 3 or 4 years). The price you pay per month will depend on the EV, the annual mileage you need and the initial rental (deposit). The key difference between leasing and the above purchase route is that you have no ownership or depreciation risks; this is very much in the hands of the finance company. However, if you do lease a vehicle which you consider to hold value, any benefits would be retained by the finance company. Additionally, you cannot purchase the vehicle at the end of the contract in a lease, so if you do enjoy the vehicle, unless the finance company permits an extension, then you must return it. On the tax aspects, the finance product works differently in that you reclaim the rentals made in that financial year. In this sense, it is a slower means of tax reclamation. This needs to be considered against the deal being offered, as many of the more aggressive and enhanced offers will arise with a lease. For those using company cars / pool cars, the ability to include service and maintenance packages is a consideration, as this allows the entire cost of running that vehicle (save for electricity and insurance) to be included for a fixed period. In this way, the lease of an EV can be more cost-certain.

Moving towards electric cars is in no way a sacrifice or limitation to your cosmetic dentistry practice. With the impending end of petrol / diesel under the ZEV Mandate set to be moved to 2030, many manufacturers are quickly innovating new and exciting vehicles for UK personal and business customers to enjoy.

One of the more recent options to the market is the Alfa Romeo Junior Elettrica (formerly Milano). This small SUV is based on the ethos of “dare to be electric” with strong and distinguishable Alfa features on what is described as a sporty and immersive vehicle. To configure your new Alfa electric SUV just head to the Alfa Romeo configuration page ) and choose between: 

•  Elettrica - from £33,895 this includes 18” alloys, Leggenda V-shield, adjustable armrest, 10.25” infotainment system, 10.25” digital cluster, wireless CarPlay, electrically adjustable door mirrors, rear parking sensors, 4-speaker sound system, rain sensor for the windscreen, climate control, keyless entry and start, adaptive cruise control, Fix & Go, heat pump and grey brake callipers;

•  Elettrica Speciale - from £35,695 this includes 18” Petali alloys, matte black body kit, dark tinted windows, LED interior lights, ambient lighting, 11kW AC charging, rear view camera, Bev interior sound, traffic sign information, lane centring and traffic jam assist; and
• Elettrica Veloce - from £42,295 the details are yet to be revealed on the UK site.

Key colours include the Arese grey, Brera Red, Scala Ivory, Tortona Black and Sempione White. Key Packs include the Sport Pack (Cargo Flex KitSport Steering Wheel, Sport Styling Kit, Alcantara Sabelt Seat, 6 Way Front Seats, Sport Pedals & Kick Plates, Velour Mats and Dark Tinted Rear Windows).

Technology Pack (Electrochromic Rearview Mirror, Electrically Adjustable & Auto-Folding, Heated Door Mirrors With Blind Spot Detection, Led Matrix Projector Headlamps, Wireless Smartphone Charging Pad, Front, Rear And Side Parking Sensors), electrically operated sunroof and the cable organiser.  

But how does the Alfa electric perform?

The two versions include: 

•  Elettrica - The FWD SUV option will have a 50.8 kWh usable battery which will offer 0 – 62 times of 9.0 seconds, 93 mph top speeds and 115 kW (or 154hp). Expect a cold weather range of around 165 miles with warmed weather allowing for 225 miles – a combined range of around 195 miles on a full charge. On charging, the 11 kW AC max will allow 5 hour and 30 min 0 – 100% charging times with the 100 kW DC maximum allowing 26 minute 10 – 80% times. This EV has fuel equivalent of 155 mpg. This will have no Bidirectional charging capabilities. Nor can it tow. The Heat Pump is standard; and

•  Veloce - The FWD SUV option will have a 50.8 kWh usable battery which will offer 0 – 62 times of 6.0 seconds, 93 mph top speeds and 176 kW (or 236hp). Expect a cold weather range of around 155 miles with warmed weather allowing for 215 miles – a combined range of around 190 miles on a full charge. On charging, the 11 kW AC max will allow 5 hour and 30 min 0 – 100% charging times with the 100 kW DC maximum allowing 26 minute 10 – 80% times. This has fuel equivalent of 155 mpg. This will have no Bidirectional charging capabilities. Nor can it tow. The Heat Pump is standard.

For more information on our best Alfa Romeo electric lease deals just head to -

Browse our Alfa Romeo Junior Deals 

or call our expert team.