re: For those with a company car. Do you use it for personal use?

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Lol sure it is unless you are getting only 14 miles to the gallon.

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13.8

I dont currently have a company car, but I’ve had several over the years... the answer to the question is absolutely i’ve used my company car for personal use, and anyone who says they dont is lying or retarded... i usually took my personal car for long road trips, but i knew lots of people who’d drive their company car to Florida for vacations and stuff, no one in management ever said a word, because they were doing the same thing.

The best part of having company cars is that the company covers all maintenance, oil changes, insurance and gasoline costs.. from 2012-2017, some of the years when gas prices were relatively high, i never once looked at a gas price or compared, just pulled in and used the company gas card to fill up.

All that said, I’m now at a point where i prefer to use my own vehicle for work and get reimbursed for gas/wear and tear.. Ive had some good cars, the Ford Fusions were pretty cool, but then i had a 2016 Impala which sucked.. and the worst was my last one, a 2019 Nissan Rogue which made my arse sore after just an hours of driving.. now i just drive what ii want, and for me it’s much better.

Fringe benefit

I use mine as if it was mine... with a lot of discretion.

My company pays for all upkeep and I have to pay taxes on personal mileage use. Last year that was almost 1k because I had to take it on a personal trip or two that racked up more miles than intended. I always pay my own gas for out of town even though I’ve never been questioned on it and probably wouldn’t.

If I haven’t gone out of town for a week or two and I need a fill up I use my personal money.

ETA: my company cars have all been focuses or fusions.

Laugh as you may, I’m going to shoot for a Kia Soul next time if my boss will go for it. Good features and a bit of storage with good MPG. Hideous car but I’ve enjoyed them every time I got one for a rental.

Personally, I prefer driving my company car.

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So you pull in $29,000 a year off mileage?

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About 3/4 of that is business the rest is personal use

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I would take a company car in a heartbeat. Take the depreciation on that instead of my own property.

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How would you claim depreciation on personal property you don’t own? LOL

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wear/tear

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I've never understood this "normal wear and tear" thing. Things do wear, but is it normal to just tear something and attribute it to regular, predictable aging?

"Oh, I just tore my seat. That's pretty normal, though, since the car's 5 years old now."

How about just not tearing shite?

Ive enjoyed the various company vehicles I’ve had over the years, and I used them for personal trips all the time.. but unlike coworkers of mine who sold their personal cars, or only had their company car and maybe their spouse’s vehicle- i always kept my personal vehicle and didnt sell it... Why? Because corporate America will cut you loose in a second if you have a down quarter, and they’re trying to save a few pennies... And unless you have a spare $20 or $30k laying around to buy a decent vehicle in the event of a layoff (not including your emergency fund to live on), good luck finding someone to give you financing with no job... after a few years of taking up space in my driveway with my personal vehicle, keeping it barely insured, etc, i started wonder if i was paranoid and should just sell it.. then one day, i got the axe.. i was really glad to have my car to drive when it came time to turn in the company vehicle.