I recently accepted a promotion going from 56k to 79k that includes the choice of either $500 a month car allowance (taxed at end of the year) or company car and gas card. Not sure if I'm able to use for personal use but I will find out next week. My current position already pays me the $500.
Currently I drive a 2002 honda with 170k miles that I purchased last year for $2800. It's been pretty reliable so far other than the usual maintenance that occurs with this mileage. My daily commute is 60 miles with occasional travel to customer sites in Southern California. I know I will eventually be taxed on the 6k, does a company car make more sense? I'm kinda leaning towards the company car. On the old pay, I was using the extra $500 a month to supplement my income.
Edit: My employer is paying for all maintenance costs, insurance etc.
Happy new year everyone!
Submitted January 01, 2018 at 12:50AM by silver_couch_surfer http://ift.tt/2EoQmk1
