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Hey Paul, I've had a Co. car for 26 years. The rules/laws have changed over those years. What is it worth? A lot depends on what all is included. In my case it is all inclusive @ gas, maintenance, insurance. In that case Joe is correct. 8-10K annually. My Co. does track personal milage and we have to give an estimate at the beginning of the calendar year. I have approx. $100.00 a month taken from my salary, (small price to pay). I'm not sure about the taxes, but I believe it is taxed somehow. Also check on who can drive the car. Used to be with me anyone I gave permission to could drive it. Now only a spouse can. And their driving record can be reviewed first. The Co. I work for is self-insured so things have gotten tighter.
Congrats on the new job.
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O2 In Sully We Believe
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