Anyone here have a corporate car or car allowance??

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Current job is about to require me to do more driving and less flying. I work in sales but do not have car or auto allowance in my package, my previous territory wasn't drivable.

I have 2 options, rent a car every week or expense my mileage. I'm not thrilled about either of them.

Does anyone have any experience with doing a corporate car lease? Would that be cheaper for my company than renting a car every week? Or should i try to negotiate a car allowance? What's a reasonable amount?

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I like the car allowance, a little extra cash helps to pay for oil changes and expenses that I most likely would have had to get anyway.

Few friends parents have it. Usually give them allowance each month. But that allowance is usually way more than the gas + payment and insurance to account for maintenance.

I'm no help.

My brother has a truck supplied by his farm/boss. 2012 Titan 4x4, all gas payed, insurance payed, and all maintenance payed. I know :csb:

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Does anyone have any experience with doing a corporate car lease? Would that be cheaper for my company than renting a car every week? Or should i try to negotiate a car allowance? What's a reasonable amount?

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No experience with a lease, but if they are willing to rent a car every week, then they should be willing to lease a car, cheaper for them in the long run.

Something to think about if you are going to use your personal vehicle is you have to have a different coverage of insurance, the standard personal auto policy will not cover you as your car will be used for "commercial purposes" on the job, yeah you can just lie about it, but I wouldn't recommend it. This type of policy will double what you pay to have it added to your car.

So, either ask them for a car to use for the job, or figure out how much the insurance cost would be on yours and negotiate a mileage reimbursement (usually 30 cents a mile or so).

If they won't work with you, find a new job, no way I would do it with out being paid mileage as well as having a company card to purchase gas for company trips, if you are going to log 1000s of miles in a week-2 week period, they should be supplying the vehicle to rack up the miles as you will be losing money just using your car via depreciated value and future possible maintenance costs. You know if they pay enough for you to be able "to afford" this, but I doubt they do.

Gas, Oil Changes, Tires, Maintenance, Insurance, and Wearing out your car before its paid off. Screw mileage and go for an Mileage+Allowance type package. Or talk them into a company car where they pay for gas and upkeep.

I get mileage, which isn't bad for 50-100 miles a day, but I wouldn't recommend it if you're driving a ton like you are implying.

If you can't get a lease, drop 6-10k on a used hybrid and get mileage. At least you have a chance at extra money that way, and won't have to deal with all the BS every week. I wouldn't use your current personal car.

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I haven't heard of that coverage of insurance for non-company cars that weren't transporting anything.

When I've seen it it's to protect company assets as well as the car.

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It has to do with the amount of miles you would be putting on a vehicle "for pay", the mileage quickly exceeds what your normal auto policy deems as "reasonable" and you are technically using the vehicle for commercial purposes and for profit. I can't recall what the policy is called, but its mainly a liability for the company more so than you, so several require it if they are paying you mileage and you are using the vehicle "for your job".

Basically instead of being able to "downsize" your coverage to get cheaper rates (50,000/50,000/50,000) for example, it forces you to carry $250,000+ for each, what this does is you are at work and get into an accident, it is to try and prevent who you were in the accident with from coming after the company you work for.

Some companies require this if you use your personal vehicle, some do not know about it so they won't. You need to make sure up front as like I said it will cost double (at least) over full coverage costs with your insurance.

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I feel pretty good getting $0.38 a mile if .30 is average.

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.30 is just what I've noticed, some offer as high as .45 others as low as .20, .30-.35 was said to be the "average".

Any legitimate company is going to give you the IRS rate which is between 50 - 55 cents per mile. They change it occasionally based on gasoline prices mainly.

If you're not getting a $ allowance in addition to the mileage reimbursement and they are trying to offer you less than 50 cents a mile, then that's an indication that you are not working for a legitimate successful company, or they're making it up to you on your compensation somewhere else.


But the IRS rate of around 50 cents a mile is what most all companies will pay.

Dale needs to stick to what he knows, which is sports.