Citroen’s popular Xsara Picasso Compact MPV is getting a major boost with the launch of three new VTX models, specifically designed to appeal to company car drivers looking for a practical and very well equipped car at an extremely competitive price.

Representing superb value for money – Recommended Retail Prices start at just £11,250 – the new Xsara Picasso VTX range also allows company car drivers and businesses to further gain from reduced Benefit in Kind and employers’ National Insurance Contribution charges.

Whilst featuring list prices that are several thousand pounds less than similarly specified key rivals, the new VTX models actually add hundreds of pounds worth of extra equipment as standard, including metallic paint, 15" alloys, cruise control, electric rear windows and a smart new interior trim, compared to the Desire versions on which they are based.

The already high levels of standard equipment include driver, front passenger and lateral airbags, air conditioning, ABS with EBD, remote central locking, front folding armrests, electric heated door mirrors, RDS stereo radio/CD player with steering mounted controls and Citroen’s unique Modubox folding trolley.

With five comfortable seats and a commanding driving position, the roomy and practical Xsara Picasso VTX is perfect for stress-free journeys. It offers the benefit of one of the largest boots in the class, and this load space can be considerably expanded thanks to the individual, easily removable rear seats.

The three new Xsara Picasso VTX models available include a 1.6i 16V petrol version priced at £11,250, a 92hp 1.6HDi diesel at £11,650 and a 2.0i 16V Automatic for £13,150. With such incredibly keen pricing, these models will not be available with any additional offers or discounts.

Among the many benefits of the Xsara Picasso VTX for user-chooser company car drivers is a significant reduction in Benefit-in-Kind (BIK) taxation, thanks to the model’s low RRP and CO2 emissions – just 135g/km for the 1.6HDi VTX. For a 40% tax paying company car driver this equates to a BIK reduction of more than £700 over a three year period compared to the equivalent Desire model.

In addition, the reduction in the VTX’s BIK value means that employer’s National Insurance Contribution (NIC) payments are reduced by up to £228 per car over three years. For a company running 50 Xsara Picasso VTXs, this could mean a considerable saving of up to £11,400 over three years.

The Xsara Picasso is one of Citroen’s best-ever sellers, with over 220,000 sold in the UK alone. It appeals to a broad range of customers, including private buyers, user-chooser company car drivers, essential business users and emergency services, for example being specified for ambulance, Police and Military Police applications.

Ian Hughes, Citroen’s head of UK corporate sales, comments, "The well-equipped Xsara Picasso VTX models really are exceptional value for money. They will particularly appeal to business buyers, with company car drivers specifying the VTX seeing a significant reduction in their BIK payments and their employers also making worthwhile savings."