The personal use of the company car (usually tracked by mileage) is taxable as well. That's an added pain with the company car route... constantly tracking what is nonpersonal and what is personal use.
Regarding insurance, how much could it be a month? $200 maximum? And if you have a car payment, sure that cuts into the $1,000, but at least you're going to have a car of your own after it's all said and done.
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