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How much is a company car worth annually??

Posted on 1/31/17 at 1:19 pm
Posted by MarlinMan
The BSL
Member since Sep 2007
2549 posts
Posted on 1/31/17 at 1:19 pm
I'm in sales and have a Ford Fusion with gas card. I pay $350/month and can drive anywhere with no limits on mileage or gas on the card. If I gave that up for another job, what would be the equivalent in salary or car allowance?

Anybody calculated it? A web search gives me an average of $850/mo. plus gas...
Posted by Bmath
LA
Member since Aug 2010
18919 posts
Posted on 1/31/17 at 1:22 pm to
Since when did Dominos start giving out car leases to their delivery drivers?
Posted by The Korean
Denham Springs, LA
Member since May 2008
1650 posts
Posted on 1/31/17 at 1:22 pm to
I'd say about $15k per year.
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
9008 posts
Posted on 1/31/17 at 1:23 pm to
$3.50
Posted by East Coast Band
Member since Nov 2010
66985 posts
Posted on 1/31/17 at 1:24 pm to
A Ford Fusion is a liability, not an asset
Posted by Panny Crickets
Fort Worth, TX
Member since Sep 2008
5596 posts
Posted on 1/31/17 at 1:24 pm to
You pay to drive a company car?
Posted by Bootyrich
Mandeville
Member since Jan 2015
1189 posts
Posted on 1/31/17 at 1:25 pm to
Tree fiddy cannot be a coincidence
Posted by tke857
Member since Jan 2012
12195 posts
Posted on 1/31/17 at 1:26 pm to
damn they make you pay?
Posted by baldona
Florida
Member since Feb 2016
24447 posts
Posted on 1/31/17 at 1:27 pm to
Yeah I don't understand what are you paying for? How many miles are you doing? I'm guessing a lot, but you can lease a Ford Fusion for 15,000 miles a year for way under $850.

Figure out what you can lease a vehicle for plus your insurance, that's your cost.
Posted by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
49487 posts
Posted on 1/31/17 at 1:28 pm to


My company car I only have to pay $288 a month. Demand your boss up his game. If he wants his company to succeed, he has to put out the vibe.
Posted by sgallo3
Lake Charles
Member since Sep 2008
28300 posts
Posted on 1/31/17 at 1:31 pm to
quote:

You pay to drive a company car?


Posted by Boudreaux35
BR
Member since Sep 2007
22281 posts
Posted on 1/31/17 at 1:35 pm to
1 dollar, Bob
Posted by CHEDBALLZ
South Central LA
Member since Dec 2009
23345 posts
Posted on 1/31/17 at 1:36 pm to
$10,000-$12,000 yr
Posted by member12
Bob's Country Bunker
Member since May 2008
33146 posts
Posted on 1/31/17 at 1:37 pm to
quote:

If I gave that up for another job, what would be the equivalent in salary or car allowance?


$600/month net. Maybe around $10,000 gross per year.
This post was edited on 1/31/17 at 1:39 pm
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
20380 posts
Posted on 1/31/17 at 1:39 pm to
First of all. Figure out what you could get for $350 a month including gas and insurance. Then back out your numbers from there.

I could see them offering a "co-pay" option where you pay some and drive it when you want or even just giving you a car allowance. But I haven't ever seen where you pay for their car. That's kind of jacked up.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 1/31/17 at 1:40 pm to
Pros and cons to company cars.
My truck note is paid for by the company so it is mine, but I had to buy/finance it. All my gas, whether company use or not, is paid for. I like it better this way because I choose what I drive and can upgrade or not at will, and I still get to claim mileage on my taxes.
This post was edited on 1/31/17 at 1:45 pm
Posted by undrafted
DHA
Member since Oct 2009
1008 posts
Posted on 1/31/17 at 1:40 pm to
You don't have a company card they just pay for your gas. You should be claiming a discounted mileage on your taxes for maintenance.
Posted by TrebleHook
Member since Jun 2016
1356 posts
Posted on 1/31/17 at 1:41 pm to
I get $7200 allowance plus gas card
Posted by Perrydawg
Middle Ga Area
Member since Jan 2014
5159 posts
Posted on 1/31/17 at 1:42 pm to
My company values it as a $10K raise per year, which was just quoted to me this week when they gave me my own personal truck.

ETA: I pay $60 per month to cover personal fuel mileage for back and forth to my house. Everything gets charged to the company gas card and they take the 60 out pre-tax per month.
This post was edited on 1/31/17 at 1:45 pm
Posted by WG_Dawg
Member since Jun 2004
91072 posts
Posted on 1/31/17 at 1:43 pm to
quote:

company car


quote:

I pay $350/month


I believe that's called "your car".
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