Peugeot 408 Leasing

Your Peugeot 408 leasing decision

Intelligent Vehicle Finance arranges Peugeot 408 leasing for drivers who want fastback styling with practical everyday use. Peugeot UK currently offers Hybrid, plug-in hybrid and electric E-408 versions. Choose the powertrain around charging access and journeys, then match the model year: older and newer derivative labels coexist in the IVF catalogue.

A fastback choice with three different ownership routines

The 408 is worth considering when you want something visually distinct from a conventional hatchback or upright SUV while retaining everyday carrying flexibility. Its three powertrain routes make the decision more involved than choosing a trim. A private driver without dependable charging, a company driver able to charge nightly and someone ready for fully electric travel can all arrive at this page with very different requirements.

Our recommendation is to settle the energy routine before the styling details. The non-plug-in Hybrid avoids a charging obligation; the plug-in hybrid needs regular charging to make sense of its electric capability; the E-408 requires a workable charging plan for every journey. If easy rear access or a particularly square load area is central to the brief, compare the 3008 as well rather than assuming the fastback shape will suit.

Peugeot 408 leasing: key facts

• Current UK 408 family: non-plug-in Hybrid, plug-in hybrid and fully electric E-408.
• The updated range opened UK order books in May 2026, according to Peugeot’s UK press office.
• Current manufacturer trim names include Allure, GT and GT Premium.
• Peugeot’s May UK announcement identifies the E-408 battery as 58kWh usable; match the offered derivative before applying its specifications.
• Peugeot UK vehicle warranty: three years from registration, unlimited mileage for two years and a 60,000-mile total limit in year three, subject to terms.
• GOV.UK: the maximum company-car BiK band is 37% in 2026/27 and 39% in 2029/30; the exact car can fall in a lower band.

Discuss your vehicle requirements

Compare the Peugeot 408 options

408, 308 and 3008: compare body shape before the equipment list

The current 408 range and what the grid actually lists

Peugeot’s UK press office announced the updated 408 order opening on 15 May 2026. The current UK product pages describe Hybrid 145, Plug-in Hybrid 240 and the electric E-408, with Allure, GT and GT Premium trim choices. There are inconsistencies between some power figures in the press narrative and its specification table, so this guide does not turn a nameplate into a claimed measured output.

IVF’s 28 September capture contains 21 derivative rows. Hybrid descriptions include 136, 145 and unnumbered entries. Plug-in listings include 225 labels with e-EAT8 or e-DSC7 transmissions and unnumbered e-DSC7 entries. Electric rows carry 154kW or 158kW with 58kWh descriptions. The combination shows why current manufacturer advertising cannot be applied indiscriminately to every catalogue line.

Ask IVF to confirm whether the offered car is the updated model and supply the full derivative, transmission and equipment schedule. A 225-labelled plug-in entry must not simply be renamed 240 in the quotation. Likewise, do not assume the two electric output labels describe identical cars. The grid’s displayed prices are useful starting points, but an identified specification is needed before comparing contract terms or company-car tax.

Hybrid, plug-in hybrid or E-408 for your week

For the plug-in 408, identify when and where the battery will be recharged, who pays for electricity and what happens on days when charging is unavailable. Include longer work trips as well as the routine commute. A test-cycle electric distance is not a promise for winter motorway use, and a low weighted consumption figure is not a sound estimate for a car repeatedly driven with a depleted battery.

The E-408 removes petrol refuelling from the plan and makes charging access fundamental. Test your longer routes against places where stopping would be practical, including an alternative charger. Ask for the supplied car’s battery, wheel and charging specification before using any current manufacturer benchmark. Charger output, battery temperature and starting charge all affect a stop; this page deliberately avoids applying one charging duration to mixed model-year listings.

Try the driving position and fastback load area

Peugeot’s cockpit layout makes a proper seating trial particularly useful. Adjust the seat and wheel to the position you would use, then check your view of the instruments, road and corners of the car. Try the controls needed for demisting, navigation and phone connection. Another driver’s comfortable position does not establish that the arrangement will suit you, especially if the car will be shared.

At the rear, assess headroom and entry with your normal passengers, then try the boot opening with a pushchair, cases or work equipment. A large overall luggage figure does not guarantee that a tall box passes comfortably through a sloping opening. If the load requires folding a rear seat, decide whether that is compatible with the passengers travelling on the same journey.

Equipment, warranty and what remains your responsibility

Peugeot’s UK warranty documents distinguish general vehicle cover from traction-battery protection. New-generation electric battery terms describe eight years or 100,000 miles with a capacity condition, subject to the policy. Any service-activated Peugeot Care coverage has its own eligibility and servicing requirements. Ask which cover applies to the exact 408 rather than calling every powertrain an unconditional eight-year-warranty car.

Peugeot 408 company-car tax across the lease

The 408 requires three separate tax assessments: regular Hybrid, plug-in hybrid and E-408. The table includes zero-emission and conditional plug-in examples, alongside a petrol-hybrid emissions benchmark. A manufacturer marketing badge or an older grid label cannot decide the applicable band; use the exact certification and P11D, including relevant options.

An employee’s taxable benefit normally starts with the 408’s P11D multiplied by the appropriate percentage, before adjustments. Their income tax rate determines personal tax. That is separate from the rental invoice and from the rules for a sole trader’s own vehicle use.

Company-car BiK benchmarks, 2026/27 to 2029/30

These are conditional tax bands, not assigned rates for every Peugeot 408. Confirm the supplied car’s P11D, certified CO2, fuel type and registration date. Diesel supplements can apply where the required emissions certification is absent, subject to the annual maximum.

The electric-mile figures above are HMRC band thresholds, not promises of this car’s driving range. Newer plug-in hybrid certification can show more than 50 g/km. A temporary company-car easement may treat an eligible car as 1 g/km where the registration date, electric range and Euro-status conditions are met; it is not automatic and must not be transferred to lease-rental deductions. Check the vehicle documents and HMRC’s plug-in hybrid conditions with your accountant.

Use our company-car BiK guide alongside HMRC’s 2026/27 and 2027/28 tables and the published 2028/29 and 2029/30 changes. Tax information checked 28 September 2026 against the C1 ledger and its primary sources. Tax treatment depends on individual circumstances and may change; consult your accountant.

Road tax and costs across the term

Vehicle Excise Duty (VED). For 2026/27, the standard annual VED payment after the first year is £200 before any supplement. First-year VED depends on CO2 and registration rules; zero-emission cars currently have a £10 first-year rate. These cash rates apply to 2026/27 only; later annual VED rates are not confirmed here. Ask how the funder treats tax increases during your agreement.

Expensive Car Supplement. The Expensive Car Supplement is currently £440 a year for five years from the second licence. The list-price threshold is more than £40,000 for petrol, diesel and hybrid cars, or more than £50,000 for qualifying zero-emission cars registered from 1 April 2025. Use the published list price before discounts, including relevant options, and check the registration date. Plug-in hybrids do not receive the electric-car threshold. GOV.UK explains VED and the supplement.

Planned eVED. The government plans Electric Vehicle Excise Duty (eVED) from April 2028, alongside VED: 3p per mile for electric cars and 1.5p per mile for plug-in hybrids. This is proposed for April 2028, subject to legislation and implementation; it is not a charge currently in force. The stated rates are planned starting rates, with CPI uprating proposed from 2029/30 and later cash rates not confirmed. An agreement spanning introduction needs the funder’s written treatment of the charge and later changes. Check the government’s consultation response and final implementation guidance before committing.

Talk through the car and the agreement

VAT and the business accounts

VAT-registered businesses can normally reclaim 50% of the VAT on qualifying car rentals where private use is available, depending on circumstances and the normal VAT rules. Full rental-VAT recovery requires exclusive business use with no private availability. Maintenance can fall outside the rental block when it is genuinely optional, separately described in the contract and separately quantified on the invoice; recovery remains subject to normal VAT rules. Read HMRC’s motoring VAT guidance.

Businesses using the VAT Flat Rate Scheme do not normally recover input VAT on recurring car hire. The separate capital-goods exception does not turn hire invoices into a vehicle purchase. Check HMRC’s Flat Rate Scheme guidance.

The hire-cost rules normally disallow 15% of otherwise deductible rentals for cars above 50 g/km, subject to their scope and exceptions. A company-car BiK easement does not establish relief from this restriction. Check HMRC’s car-hire deduction rules.

For accounting periods beginning on or after 1 January 2026, revised FRS 102 generally requires a right-of-use asset and lease liability for lessees, including small companies using Section 1A. FRS 105 lease accounting for eligible micro-entities was not changed in the same way. Contract hire therefore does not universally keep a car off the balance sheet. Ask your accountant to apply the right framework; HMRC summarises the accounting standards.

Build the quotation around the way you will use it

Tell IVF your annual mileage, regular passengers, essential equipment, charging access where relevant and preferred timing. Ask for the precise model year, derivative, options and registration status to be written into the quotation. The catalogue is a starting point; the offered vehicle and funder terms need confirmation.

Business Contract Hire is taken by the business; Personal Contract Hire is taken by the private individual. Both are subject to status and individual funder criteria. Compare the initial rental, term, mileage, maintenance and applicable fees on the same basis. An initial rental is part of the hire cost, not refundable security or ownership equity.

A manufacturer warranty starts under the supplied car’s warranty terms, normally from first registration. Its time and mileage limits may finish before your lease does. It is separate from optional servicing and tyre cover. Confirm maintenance inclusions, insurance responsibilities, tax provisions and early-termination terms before signing.

At the end of contract hire, return the vehicle; there is no contractual purchase option. Excess mileage, damage beyond the funder’s fair wear and tear standard, missing equipment or other contractual charges may still be payable. Check the return process before choosing your agreement.

Useful next steps

Use Peugeot leasing, Peugeot 308 leasing, Peugeot 3008 leasing, company-car BiK guide, request a callback to narrow your choice or discuss a quotation.

Ready to refine your shortlist?

Peugeot 408 leasing questions

Talk through your Peugeot 408 shortlist

Bring your passenger, journey and equipment requirements. We can help turn them into a clear vehicle and contract brief.

Intelligent Vehicle Finance is a trading name of XLCR Vehicle Management Ltd. Authorised and regulated by the Financial Conduct Authority, FRN 315268. We are a credit broker, not a lender, and we may receive a commission from lenders for introducing you to them. All vehicle finance is subject to status and individual funder criteria.

Company No. 03923327. The Melville Building, 15 Royal William Yard, Plymouth, PL1 3RP.

Editorial responsibility: Stacey Smith, Brand Director, Intelligent Vehicle Finance.

Last updated: September 2026