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Posted on 1/31/17 at 1:44 pm to WG_Dawg
quote:.
company car
quote:
I pay $350/month
I believe that's called "your car".
No shite, that does seem high especially for a Ford Taurus even with the gas card.
Posted on 1/31/17 at 1:53 pm to MarlinMan
I cant believe you pay $350 a month to drive a Ford Fusion 
Posted on 1/31/17 at 1:54 pm to MarlinMan
Figure out how many miles you would normally drive a month and divide that by the mpg of your car. Multiply that number by the price of gas. Add in the note you would be comfortable paying as well as what you expect to pay for insurance.
Math
Math
This post was edited on 1/31/17 at 1:56 pm
Posted on 1/31/17 at 1:55 pm to Panny Crickets
quote:
You pay to drive a company car?
I was wondering how long this would take.
How do you pay for a company car? Wouldn't that just be your car?
Posted on 1/31/17 at 1:56 pm to MarlinMan
Upon further reading it appears that you are leasing your "company" car from your company. Do you have to pay for all maintenance and insurance as well? It appears the company has a depreciating asset that they in turn have you pay for it.
This post was edited on 1/31/17 at 1:57 pm
Posted on 1/31/17 at 1:59 pm to shawnlsu
quote:
All my gas, whether company use or not, is paid for
quote:
I still get to claim mileage on my taxes.
No you can't. It's not deductible for you as you are not paying for it.
This post was edited on 1/31/17 at 1:59 pm
Posted on 1/31/17 at 2:00 pm to Panny Crickets
quote:
You pay to drive a company car?
Posted on 1/31/17 at 2:04 pm to Perrydawg
quote:
It appears the company has a depreciating asset that they in turn have you pay for it.
This is what I was thinking. Assuming they worked a volume deal on the vehicles, the insurance and are using something like a FuelMan card that gets them a discount on gas plus the tax benefits of the depreciation. You may be making money for the company by driving that thing.
Posted on 1/31/17 at 2:09 pm to sgallo3
Yea... the $350/mo I pay is for personal use...
Posted on 1/31/17 at 2:11 pm to MarlinMan
quote:
Yea... the $350/mo I pay is for personal use...
Okay, then this is probably worth a lot less than the $10,000/year.
Posted on 1/31/17 at 2:11 pm to MarlinMan
quote:
Yea... the $350/mo I pay is for personal use...
You realize you are getting raw dogged here right? Goodness.
You can literally own a ford fusion yourself for less than that, do you realize that?
This post was edited on 1/31/17 at 2:12 pm
Posted on 1/31/17 at 2:12 pm to MarlinMan
My company allocates me a $32k budget for a vehicle. You can go above the budget and they divide the amount over 4 years for deduction from annual bonus. We have gas and maintenance cards as Enterprise manages our fleet.
I pay $100 per pay period to cover personal use and I can let anyone drive it with me present or not.....its my car.
Stipulations: must be 4 door and applicable to use (no F250s unless you are a geotech, survey, inspector, etc.). I was allowed the only manual in the fleet (I opted for a 2016 WRX for fun).
On the question, I'd say with all the operating costs, I see around a $8-9k per year benefit.
I pay $100 per pay period to cover personal use and I can let anyone drive it with me present or not.....its my car.
Stipulations: must be 4 door and applicable to use (no F250s unless you are a geotech, survey, inspector, etc.). I was allowed the only manual in the fleet (I opted for a 2016 WRX for fun).
On the question, I'd say with all the operating costs, I see around a $8-9k per year benefit.
Posted on 1/31/17 at 2:12 pm to MarlinMan
I have a truck that I can drive to California, with a gas card, and I don't pay them shite.
Nor would I
Nor would I
This post was edited on 1/31/17 at 2:13 pm
Posted on 1/31/17 at 2:14 pm to MarlinMan
quote:
How much is a company car worth annually??
2017 Ford Fusion lease is $209 a month on Ford's website. Add that to your monthly gas expenses, oil changes, and maintenance, plus whatever you would normally pay for car insurance and its easy to calculate.
quote:
I pay $350/month
Kinda shitty that your company makes you pay for a company car
Posted on 1/31/17 at 2:14 pm to MarlinMan
quote:
have a Ford Fusion with gas card. I pay $350/month
Someone would have to pay ME more than $350 a month to be seen in a Ford Fusion?
Posted on 1/31/17 at 2:14 pm to MarlinMan
quote:
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?
i'm quite sure $350 a month would go a long ways replacing a ford fusion. You might be further out of pocket $200 more a month max.
Posted on 1/31/17 at 2:16 pm to MarlinMan
quote:
Yea... the $350/mo I pay is for personal use...
so in other words they are taxing you. They are looking at your car as compensation when you arent using it for company use
Posted on 1/31/17 at 2:18 pm to MarlinMan
quote:
I'm in sales and have a Ford Fusion with gas card. I pay $350/month
Posted on 1/31/17 at 2:18 pm to MarlinMan
You work for GE don't you.
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