Quote:
Originally Posted by LivingAlmostLarge
Interesting. That more mileage = company car. But Snave if you had a company car did you have to pay for repairs/oil changes, etc like if you got the reimbursement? Or was that all still covered?
|
I do have to pay for repairs, oil change, etc... I don't put a ton of miles on a year, only about 25,000. I have some of my sales people that work for me that put on 50-75K a year and they go with the company car. I would also in that instance. I wouldn't want to run the value down in 1 year. Again, I net about $8500 out of it a year. A $19-20,000 car + insurance + maintainance should be paid in 3 years. Then there will still be a little value on the car, so I am ahead. Now, if I have major repairs, that's another story.