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re: If an employer pays full mileage rate, does leasing make sense?

Posted on 8/4/14 at 10:11 am to
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 8/4/14 at 10:11 am to
Someone help me out: what job "requires" a luxury car? Seriously...I'm in the wealth business, and I can't think of a single circumstance where the sort of car someone drives has any bearing on a business deal.

If you're ferrying clients from point to point, airport, etc, use a car service.
Posted by stegs_81
Baton rouge
Member since Jun 2014
211 posts
Posted on 8/4/14 at 10:17 am to
This seems like a lesson in poor people finance. The mileage rate is enough to cover gas and general wear and tear. The reimbursement isn't a windfall. Any savings you experience off your note will be incurred when you replace the tires and fluids headlights and make basic repairs.

The cost to drive a large sedan 20,000 miles a year is 63.5 per mile according to AAA.

[link=(Link)]https://exchange.aaa.com/wp-content/uploads/2013/04/Your-Driving-Costs-2013.pdf[/link]

The correct answer is buy a car you can afford.
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