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-   -   Company paid vehicle (https://www.askmehelpdesk.com/showthread.php?t=206031)

  • Apr 15, 2008, 06:49 AM
    hunterleej
    Company paid vehicle
    I have a company paid vehicle. I have unlimited usage and my gas is also paid for by the Company. I live in North Carolina and I'm trying to figure out just how much having this perk is worth over a year's time...
  • Apr 16, 2008, 10:36 AM
    AtlantaTaxExpert
    That's actually pretty simple.

    Determine what you would have to pay in monthly leasing fees for that kind of car. A phone call to a local car dealership can give you that answer.

    Then determine your average weekly gas usage, and multiply that by the average cost of gas in your area.

    Add about $800 for the annual maintenance costs, and you will have a pretty good estimate of the value of the perk.

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