Take car allowance or drive company vehicle?
When taking a new job in Denver, what would be the best option in your opinion?
#1 - Take the $1,000 (gross) the company will provide monthly for a car allowance and drive something that suits our taste, something we will feel comfortable having our huge dogs ride in. We are hoping to get a Toyota 4runner for around 32,000...hopefully get 2-3 years of 0% APR. That way, if we change companies, we'll still have the car, plus will have something for trade-in when we go to purchase the next car.
#2 - Take the company vehicle and forego the $1,000 (gross) monthly allowance. We would have no out-of-pocket expenses up front and no payments...but we also would not have the opportunity to get the company to pay for part of a vehicle we own, nor would we have a car should we decide this job isn't working out.
Please let me know what your thoughts are or if you have been in a similar situation.
Thank you!
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