- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
For those with a company car. Do you use it for personal use?
Posted on 8/11/19 at 10:37 am
Posted on 8/11/19 at 10:37 am
Also, would you prefer to use your own vehicle and claim mileage if you had an option?
21
Posted on 8/11/19 at 10:38 am to LSU6262
(no message)
This post was edited on 11/16/21 at 9:06 am
Posted on 8/11/19 at 10:39 am to LSU6262
quote:
Also, would you prefer to use your own vehicle and claim mileage if you had an option?
C’mon brah. Unless you drive a FedEx truck or a RotoRooter truck - why wouldn’t you?
Posted on 8/11/19 at 10:42 am to LSU6262
quote:
company car
quote:
personal use
quote:
claim mileage
Posted on 8/11/19 at 10:43 am to LSU6262
That's kind of a personal question, IMO.
Posted on 8/11/19 at 10:44 am to puse01
quote:
es, I use it as though it is mine.
Posted on 8/11/19 at 10:47 am to LSU6262
oh Yea. Kids to and from school everyday
Posted on 8/11/19 at 10:48 am to LSU6262
I get to claim mileage for my personal vehicle at $.58/mile which well pays for the gas and more. The downside is I’m putting over 50k miles a year on my personal vehicle.
Posted on 8/11/19 at 10:50 am to LSU6262
Of course!!!
Posted on 8/11/19 at 10:51 am to LSU6262
I prefer to use my own. If the company does its books properly, the use of a company car for personal driving is income which you have to pay taxes on.
Posted on 8/11/19 at 11:11 am to bakersman
The depreciation of mileage and wear/tear is not covered by .58 a mile
Posted on 8/11/19 at 11:12 am to LSU6262
I drive my own car and claim mileage. I would take a company car in a heartbeat. Take the depreciation on that instead of my own property.
Posted on 8/11/19 at 11:13 am to Jack Daniel
quote:
The depreciation of mileage and wear/tear is not covered by .58 a mile
Lol sure it is unless you are getting only 14 miles to the gallon.
Posted on 8/11/19 at 11:14 am to Jack Daniel
quote:
The depreciation of mileage and wear/tear is not covered by .58 a mile
Not even close.
We use a 3rd party for mileage reimbursement, and don't get close to the IRS rate. Before the trump tax cuts, I could write off the difference, but it's not worth it anymore.
Really sucks.
Posted on 8/11/19 at 11:18 am to LSU6262
I loved my company truck. Wasnt supposed to tow with it but I did. Then they were adding tracking devices and seatbelts monitoring. I dont like being micro managed so I took the vehicle allowance instead. New company just gives allowance.
Posted on 8/11/19 at 11:19 am to LSU6262
I use my company truck for personal usage. We have a website where you upload your personal miles . It’s then taxed as “non-cash earnings”.
I paid about $200 in taxes for the free use of a nice pick-up truck. I’ll take it.
I paid about $200 in taxes for the free use of a nice pick-up truck. I’ll take it.
Posted on 8/11/19 at 11:40 am to puse01
quote:This
Yes, I use it as though it is mine.
No, I would rather not get mileage and have to use my vehicle.
Since 1994. It’s been wonderful.
I’m on my eighth vehicle now. (Grand Cherokee)
Here’s what my first looked like (except a single cab):
Posted on 8/11/19 at 11:42 am to LSU6262
Sometimes I use it for personal use. As long as I’m not taking it on vacation I doubt anyone would care.
Also I have the option to use my own truck and I choose the company truck and gas card.
I don’t need unnecessary miles on my personal truck.
Also I have the option to use my own truck and I choose the company truck and gas card.
I don’t need unnecessary miles on my personal truck.
Posted on 8/11/19 at 11:43 am to bakersman
quote:
$.58/mile which well pays for the gas and more. The downside is I’m putting over 50k miles a year on my personal vehicle.
Sounds like you make enough off of mileage to buy a new car every year and still have money to frick with.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News