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Old 07-11-2007, 02:02 PM
Mikela17 Mikela17 is offline
$ Saving Kindergartener
 
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See, this is what we are coming up with...which is the better deal? It has been explained to me that the company will cover gas and possibly oil changes (still figuring this one out), regardless if it is our car or their car.

I can't decide if it would be better to take the company car and not have any of our personal money contributed towards a depreciating asset...thus using the money we would be paying on a car to increase our savings & investments...

Then again, by doing that, we would miss out on having $1,000/month to put towards a car...name another time we would have someone contributing 12k/yr towards our car! Then, when it came time to move on (not 100% positive this job is going to work out), we would be left with no car...

So the argument is somewhat - are we we giving up 12k/yr in salary by driving a company car? Or are we actually increasing our income by driving a company car in that insurance, maintenance, wear & tear, and payments aren't ever expenses we have to endure and we can put the money we would be spending on a car in other investments?
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