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Company Truck or milage #2930964
10/20/19 12:55 PM
10/20/19 12:55 PM
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
inatree Offline OP
14 point
inatree  Offline OP
14 point
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
The company I'm working for provides me with a company truck but they pay .58 cents a mile if you use yours. I drive between 200 and 400 miles a day. Just wanted to see what y'alls thoughts were. Keep driving their's or get one to work out of and take the mileage.


Free men aren't equal and equal men aren't free! I choose to defend my freedom!
Re: Company Truck or milage [Re: inatree] #2930965
10/20/19 12:56 PM
10/20/19 12:56 PM
Joined: Nov 2011
Posts: 21,751
USA
R
Remington270 Offline
Freak of Nature
Remington270  Offline
Freak of Nature
R
Joined: Nov 2011
Posts: 21,751
USA
Drive theirs, for sure.

Re: Company Truck or milage [Re: inatree] #2930967
10/20/19 12:57 PM
10/20/19 12:57 PM
Joined: Jan 2018
Posts: 4,573
Michigan
S
Sasquatch Lives Offline
10 point
Sasquatch Lives  Offline
10 point
S
Joined: Jan 2018
Posts: 4,573
Michigan
So you're looking at making $100 to $200 a day just on mileage? Know what I would do.

Re: Company Truck or milage [Re: inatree] #2930969
10/20/19 12:57 PM
10/20/19 12:57 PM
Joined: Jan 2018
Posts: 4,573
Michigan
S
Sasquatch Lives Offline
10 point
Sasquatch Lives  Offline
10 point
S
Joined: Jan 2018
Posts: 4,573
Michigan
So you're looking at making $100 to $200 a day just on mileage? Know what I would do.

Re: Company Truck or milage [Re: inatree] #2930973
10/20/19 01:01 PM
10/20/19 01:01 PM
Joined: Jan 2019
Posts: 4,938
Clay co
A
Ar1220 Offline
12 point
Ar1220  Offline
12 point
A
Joined: Jan 2019
Posts: 4,938
Clay co
Company truck

Re: Company Truck or milage [Re: inatree] #2930978
10/20/19 01:06 PM
10/20/19 01:06 PM
Joined: Nov 2003
Posts: 6,713
Baldwin County
mark Offline
14 point
mark  Offline
14 point
Joined: Nov 2003
Posts: 6,713
Baldwin County
I've done both. I'll take company truck.


Sig Sauer, to hell and back reliable.

Whatever suits you just tickles me plum to death.

Can I refill your eggnog for you? Get you something to eat? Drive you out to the middle of nowhere and leave you for dead?

Re: Company Truck or milage [Re: inatree] #2930980
10/20/19 01:07 PM
10/20/19 01:07 PM
Joined: Feb 2013
Posts: 8,387
A
Atoler Online content
14 point
Atoler  Online Content
14 point
A
Joined: Feb 2013
Posts: 8,387
Driving theirs is going to be a better deal. But, if you have a nice truck sitting at home that is costing you money, you may come out better using a singular vehicle for work and personal, and covering most of the expense and depreciation through the mileage reimbursement.

Re: Company Truck or milage [Re: inatree] #2930986
10/20/19 01:11 PM
10/20/19 01:11 PM
Joined: Jun 2015
Posts: 13,971
Some Marriott/Auburn
A
AU7MM08 Offline
Booner
AU7MM08  Offline
Booner
A
Joined: Jun 2015
Posts: 13,971
Some Marriott/Auburn
I drive a similar amount and wish I had a company vehicle.
That many miles you'll depreciate a vehicle RAPIDLY.

Hit a deer, not your problem.
When gas goes up, not directly your problem.
When you blow a tire and thrash a fender, not your problem.

Re: Company Truck or milage [Re: inatree] #2930994
10/20/19 01:17 PM
10/20/19 01:17 PM
Joined: Aug 2003
Posts: 41,953
UR 6
top cat Online content
Freak of Nature
top cat  Online Content
Freak of Nature
Joined: Aug 2003
Posts: 41,953
UR 6
I'd keep miles low on my truck


LUCK:::; When presistence, dedication, perspiration and preparation meet up with opportunity!!!
- - - - - - - -A government big enough to give you everything you want, is big enough to take everything you have. Thomas Jeferson - - - - - - - -
Re: Company Truck or milage [Re: inatree] #2931003
10/20/19 01:23 PM
10/20/19 01:23 PM
Joined: Nov 2003
Posts: 6,713
Baldwin County
mark Offline
14 point
mark  Offline
14 point
Joined: Nov 2003
Posts: 6,713
Baldwin County
Lots of ways to lose money using your truck. The only way I've ever seen it being a money maker was when a coworker bought an older vehicle for $5k. He paid cash for it, did almost all the maintenance himself, bought used tires off eBay,...


Sig Sauer, to hell and back reliable.

Whatever suits you just tickles me plum to death.

Can I refill your eggnog for you? Get you something to eat? Drive you out to the middle of nowhere and leave you for dead?

Re: Company Truck or milage [Re: inatree] #2931008
10/20/19 01:32 PM
10/20/19 01:32 PM
Joined: Oct 2009
Posts: 5,641
Henry county
coldtrail Offline
12 point
coldtrail  Offline
12 point
Joined: Oct 2009
Posts: 5,641
Henry county
I have a company truck, way better than driving your own.


"And the days that I keep my gratitude
Higher than my expectations
Well, I have really good days" Ray Wylie Hubbard
Re: Company Truck or milage [Re: AU7MM08] #2931015
10/20/19 01:40 PM
10/20/19 01:40 PM
Joined: Apr 2003
Posts: 3,278
Autaugaville
T
trailertrash Offline
10 point
trailertrash  Offline
10 point
T
Joined: Apr 2003
Posts: 3,278
Autaugaville
Originally Posted by AU7MM08
I drive a similar amount and wish I had a company vehicle.
That many miles you'll depreciate a vehicle RAPIDLY.

Hit a deer, not your problem.
When gas goes up, not directly your problem.
When you blow a tire and thrash a fender, not your problem.


Never had a company truck to drive but this makes perfect sense to me. The peace of mind would make my work day much better.


"We aren't here to justify your feelings and give you self worth" - Aldeer Welcome Center
Re: Company Truck or milage [Re: inatree] #2931017
10/20/19 01:47 PM
10/20/19 01:47 PM
Joined: May 2016
Posts: 1,535
Central AL
G
Gulfcoast Offline
8 point
Gulfcoast  Offline
8 point
G
Joined: May 2016
Posts: 1,535
Central AL
Company truck....

Re: Company Truck or milage [Re: inatree] #2931018
10/20/19 01:49 PM
10/20/19 01:49 PM
Joined: Dec 2018
Posts: 1,392
Chilton Co
D
Drycreek Offline
8 point
Drycreek  Offline
8 point
D
Joined: Dec 2018
Posts: 1,392
Chilton Co
I’ve done it both ways in years past I’d always go company truck if I had the choice.

Re: Company Truck or milage [Re: inatree] #2931029
10/20/19 02:04 PM
10/20/19 02:04 PM
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
inatree Offline OP
14 point
inatree  Offline OP
14 point
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
Ok company truck it is. Guess it was the lure of the money that got to thinking about it.


Free men aren't equal and equal men aren't free! I choose to defend my freedom!
Re: Company Truck or milage [Re: inatree] #2931032
10/20/19 02:05 PM
10/20/19 02:05 PM
Joined: Jan 2014
Posts: 10,404
Scottsboro, Al
J
jbatey1 Online happy
Lucky Bastage
jbatey1  Online Happy
Lucky Bastage
J
Joined: Jan 2014
Posts: 10,404
Scottsboro, Al
Company Truck.

I had a company truck for the last 10 years. Thats the ONLY thing I miss about my old place of employment.


The fool tells me his reasons; the wise man persuades me with my own.
Re: Company Truck or milage [Re: inatree] #2931046
10/20/19 02:26 PM
10/20/19 02:26 PM
Joined: Dec 2015
Posts: 21,970
blount county alabama
jwalker77 Offline
Pumpkin
jwalker77  Offline
Pumpkin
Joined: Dec 2015
Posts: 21,970
blount county alabama
Average 300mi/day x 5days/week = 1500mi x $.56 = $840.00 x4weeks in a month = $3360.00/month
Subtract $50.00/day youll put in the gas tank and you have $2360.00/ month left
Hard for me to believe all you fellas would turn down $2360.00 a month just so you can drive another mans truck. You could buy you a brand new work truck and one to keep at home and have a good bit left over at that rate. Is my math right, or am I missing something?

Re: Company Truck or milage [Re: inatree] #2931055
10/20/19 02:42 PM
10/20/19 02:42 PM
Joined: Jul 2005
Posts: 9,954
Hampton Cove
foldemup Offline
14 point
foldemup  Offline
14 point
Joined: Jul 2005
Posts: 9,954
Hampton Cove
Are they paying gas on both options?


If you want to always win, never play anyone better than you!
Re: Company Truck or milage [Re: foldemup] #2931061
10/20/19 02:48 PM
10/20/19 02:48 PM
Joined: Feb 2002
Posts: 44,211
North Alabama
W
Wiley Coyote Offline
Freak of Nature
Wiley Coyote  Offline
Freak of Nature
W
Joined: Feb 2002
Posts: 44,211
North Alabama
Originally Posted by foldemup
Are they paying gas on both options?


No company will pay gas AND mileage.


I firmly believe that a double gallows should be constructed on the East Lawn of The White House. Politicians who willfully and shamelessly violate their oath to uphold and defend the Constitution of the United States of America should be swiftly tried and, upon conviction, publicly hanged at sunup the day after conviction. If multiple convicts are to be hanged they can choose with whom to share the gallows or names shall be drawn from the hangman's hat to be hanged 2 at a time.




NRA Life Member
Re: Company Truck or milage [Re: inatree] #2931064
10/20/19 02:54 PM
10/20/19 02:54 PM
Joined: Apr 2017
Posts: 4,597
Elmore county
GKelly Offline
10 point
GKelly  Offline
10 point
Joined: Apr 2017
Posts: 4,597
Elmore county
72k miles a year on average youd make $42k for gas and maintenance. How big a truck do you need? you could find something with excellent gas mileage and it might work to your advantage. Company truck saves you alot of headache though no maintenance, insurance or payments. id probably take the company truck and let them deal with the problems when they arise.

Re: Company Truck or milage [Re: foldemup] #2931069
10/20/19 02:57 PM
10/20/19 02:57 PM
Joined: Apr 2017
Posts: 4,597
Elmore county
GKelly Offline
10 point
GKelly  Offline
10 point
Joined: Apr 2017
Posts: 4,597
Elmore county
Originally Posted by foldemup
Are they paying gas on both options?

they way that usually works is they pay him .58 cents a mile to use his vehicle or he takes a company truck and most places issue you a company credit card to keep it full and cover maintenance. you dont pay anything out of pocket or receive anything extra for a company truck.

Re: Company Truck or milage [Re: Wiley Coyote] #2931071
10/20/19 03:03 PM
10/20/19 03:03 PM
Joined: Jul 2005
Posts: 9,954
Hampton Cove
foldemup Offline
14 point
foldemup  Offline
14 point
Joined: Jul 2005
Posts: 9,954
Hampton Cove
Originally Posted by Wiley Coyote
Originally Posted by foldemup
Are they paying gas on both options?


No company will pay gas AND mileage.

Wanna bet?


If you want to always win, never play anyone better than you!
Re: Company Truck or milage [Re: inatree] #2931076
10/20/19 03:06 PM
10/20/19 03:06 PM
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
inatree Offline OP
14 point
inatree  Offline OP
14 point
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
Nope I would have to pay for fuel.


Free men aren't equal and equal men aren't free! I choose to defend my freedom!
Re: Company Truck or milage [Re: foldemup] #2931081
10/20/19 03:09 PM
10/20/19 03:09 PM
Joined: Jan 2014
Posts: 10,404
Scottsboro, Al
J
jbatey1 Online happy
Lucky Bastage
jbatey1  Online Happy
Lucky Bastage
J
Joined: Jan 2014
Posts: 10,404
Scottsboro, Al
Originally Posted by foldemup
Originally Posted by Wiley Coyote
Originally Posted by foldemup
Are they paying gas on both options?


No company will pay gas AND mileage.

Wanna bet?



I assumed they only paid gas for the company vehicle and with your vehicle all you got was a flat .58 per mile, but I have no clue


The fool tells me his reasons; the wise man persuades me with my own.
Re: Company Truck or milage [Re: inatree] #2931084
10/20/19 03:11 PM
10/20/19 03:11 PM
Joined: Jul 2005
Posts: 9,954
Hampton Cove
foldemup Offline
14 point
foldemup  Offline
14 point
Joined: Jul 2005
Posts: 9,954
Hampton Cove
Does it have to be a truck? I agree with one person above if you can find a cheap dependable good on gas car and drive the hell out of it and pocket the extra $


If you want to always win, never play anyone better than you!
Re: Company Truck or milage [Re: jbatey1] #2931087
10/20/19 03:12 PM
10/20/19 03:12 PM
Joined: Apr 2017
Posts: 4,597
Elmore county
GKelly Offline
10 point
GKelly  Offline
10 point
Joined: Apr 2017
Posts: 4,597
Elmore county
Originally Posted by jbatey1
Originally Posted by foldemup
Originally Posted by Wiley Coyote
Originally Posted by foldemup
Are they paying gas on both options?


No company will pay gas AND mileage.

Wanna bet?



I assumed they only paid gas for the company vehicle and with your vehicle all you got was a flat .58 per mile, but I have no clue

that's how it works in my experience. ive never heard of getting mileage and gas the mileage is supposed to cover gas+wear and tear. I suppose its possible but id assume the mileage you would be paid would be significantly less.

Re: Company Truck or milage [Re: jwalker77] #2931094
10/20/19 03:20 PM
10/20/19 03:20 PM
Joined: Apr 2017
Posts: 4,597
Elmore county
GKelly Offline
10 point
GKelly  Offline
10 point
Joined: Apr 2017
Posts: 4,597
Elmore county
Originally Posted by jwalker77
Average 300mi/day x 5days/week = 1500mi x $.56 = $840.00 x4weeks in a month = $3360.00/month
Subtract $50.00/day youll put in the gas tank and you have $2360.00/ month left
Hard for me to believe all you fellas would turn down $2360.00 a month just so you can drive another mans truck. You could buy you a brand new work truck and one to keep at home and have a good bit left over at that rate. Is my math right, or am I missing something?

yes you arent figuring in what your monthly payments, insurance, maintenance ( Tires youd need about twice a year, Oil changes every 3 weeks, tune ups, breakdowns, etc...) actual cost of gas to drive those miles plus what you do when your personal vehicle does breakdown rentals aren't cheap. not worth the headache to do all that maintenance on my time IMO.

Re: Company Truck or milage [Re: inatree] #2931103
10/20/19 03:27 PM
10/20/19 03:27 PM
Joined: Dec 2004
Posts: 3,996
Central AL
March15 Offline
10 point
March15  Offline
10 point
Joined: Dec 2004
Posts: 3,996
Central AL
200-400 miles a day is a lot. You drive about 80,000 a year or so just for work? Not counting personal.

Re: Company Truck or milage [Re: inatree] #2931107
10/20/19 03:31 PM
10/20/19 03:31 PM
Joined: Jul 2013
Posts: 5,025
Gurley, Alabama
S
Standbanger Offline
12 point
Standbanger  Offline
12 point
S
Joined: Jul 2013
Posts: 5,025
Gurley, Alabama
Company truck

Re: Company Truck or milage [Re: inatree] #2931108
10/20/19 03:33 PM
10/20/19 03:33 PM
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
inatree Offline OP
14 point
inatree  Offline OP
14 point
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
Yes sir. Its alot of driving just for work.


Free men aren't equal and equal men aren't free! I choose to defend my freedom!
Re: Company Truck or milage [Re: inatree] #2931109
10/20/19 03:33 PM
10/20/19 03:33 PM
Joined: May 2014
Posts: 415
Live GA/ Hunt Dale co.
N
NotsoBright Offline
4 point
NotsoBright  Offline
4 point
N
Joined: May 2014
Posts: 415
Live GA/ Hunt Dale co.
Company for sure..

Re: Company Truck or milage [Re: inatree] #2931110
10/20/19 03:35 PM
10/20/19 03:35 PM
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
inatree Offline OP
14 point
inatree  Offline OP
14 point
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
Also have to remember tax would come out of that i would believe. That could be a deal breaker if changed my tax bracket.


Free men aren't equal and equal men aren't free! I choose to defend my freedom!
Re: Company Truck or milage [Re: inatree] #2931114
10/20/19 03:37 PM
10/20/19 03:37 PM
Joined: Mar 2015
Posts: 1,687
Autauga County, AL
5Pages Offline
8 point
5Pages  Offline
8 point
Joined: Mar 2015
Posts: 1,687
Autauga County, AL
Company Truck. Never use your own if there's an option.

Re: Company Truck or milage [Re: inatree] #2931115
10/20/19 03:37 PM
10/20/19 03:37 PM
Joined: Jun 2012
Posts: 9,877
in the corner
S
Stob Offline
14 point
Stob  Offline
14 point
S
Joined: Jun 2012
Posts: 9,877
in the corner
Company. All day.

Re: Company Truck or milage [Re: inatree] #2931121
10/20/19 03:46 PM
10/20/19 03:46 PM
Joined: Dec 2004
Posts: 3,996
Central AL
March15 Offline
10 point
March15  Offline
10 point
Joined: Dec 2004
Posts: 3,996
Central AL
Originally Posted by inatree
Also have to remember tax would come out of that i would believe. That could be a deal breaker if changed my tax bracket.

That’s a good point. It may be tax free though.

Re: Company Truck or milage [Re: inatree] #2931139
10/20/19 04:14 PM
10/20/19 04:14 PM
Joined: May 2014
Posts: 415
Live GA/ Hunt Dale co.
N
NotsoBright Offline
4 point
NotsoBright  Offline
4 point
N
Joined: May 2014
Posts: 415
Live GA/ Hunt Dale co.
Most only charge you taxes on personal miles turned in on company vehicle.

Re: Company Truck or milage [Re: foldemup] #2931142
10/20/19 04:18 PM
10/20/19 04:18 PM
Joined: Feb 2002
Posts: 44,211
North Alabama
W
Wiley Coyote Offline
Freak of Nature
Wiley Coyote  Offline
Freak of Nature
W
Joined: Feb 2002
Posts: 44,211
North Alabama
Originally Posted by foldemup
Originally Posted by Wiley Coyote
Originally Posted by foldemup
Are they paying gas on both options?


No company will pay gas AND mileage.

Wanna bet?


I'll say this, in over 40 years of working in telecom, being employed with numerous companies/contractors, where vehicle options have been/currently are per this discussion I have never been offered nor heard of the option to get mileage AND a gas card or even a gas allowance. This is my personal experience working in several states over the years.


I firmly believe that a double gallows should be constructed on the East Lawn of The White House. Politicians who willfully and shamelessly violate their oath to uphold and defend the Constitution of the United States of America should be swiftly tried and, upon conviction, publicly hanged at sunup the day after conviction. If multiple convicts are to be hanged they can choose with whom to share the gallows or names shall be drawn from the hangman's hat to be hanged 2 at a time.




NRA Life Member
Re: Company Truck or milage [Re: March15] #2931150
10/20/19 04:31 PM
10/20/19 04:31 PM
Joined: Nov 2010
Posts: 1,703
Winfield
R
rst87 Offline
8 point
rst87  Offline
8 point
R
Joined: Nov 2010
Posts: 1,703
Winfield
Are are supposed to be taxed on any commuting and personal use of a company truck also.


"Life is hard; It's harder if you're stupid" John Wayne
Re: Company Truck or milage [Re: inatree] #2931154
10/20/19 04:35 PM
10/20/19 04:35 PM
Joined: Jan 2011
Posts: 38,489
N. Bama
257wbymag Offline
Boo Boo Head
257wbymag  Offline
Boo Boo Head
Joined: Jan 2011
Posts: 38,489
N. Bama
I know we are. But it’s not too bad


Quietly killing turkeys where youre not!!!
My tank full of give a fraks been runnin on empty
I'm the paterfamilias
Re: Company Truck or milage [Re: GKelly] #2931183
10/20/19 05:12 PM
10/20/19 05:12 PM
Joined: Nov 2003
Posts: 6,713
Baldwin County
mark Offline
14 point
mark  Offline
14 point
Joined: Nov 2003
Posts: 6,713
Baldwin County
Originally Posted by GKelly
Originally Posted by jwalker77
Average 300mi/day x 5days/week = 1500mi x $.56 = $840.00 x4weeks in a month = $3360.00/month
Subtract $50.00/day youll put in the gas tank and you have $2360.00/ month left
Hard for me to believe all you fellas would turn down $2360.00 a month just so you can drive another mans truck. You could buy you a brand new work truck and one to keep at home and have a good bit left over at that rate. Is my math right, or am I missing something?

yes you arent figuring in what your monthly payments, insurance, maintenance ( Tires youd need about twice a year, Oil changes every 3 weeks, tune ups, breakdowns, etc...) actual cost of gas to drive those miles plus what you do when your personal vehicle does breakdown rentals aren't cheap. not worth the headache to do all that maintenance on my time IMO.


Yes, since he is using it for work, and driving that many miles, insurance will most likely be more than if it was for just personal use. Plus, the company may require a minimum amount of coverage, I've had this happen, and it will cost you more.


Sig Sauer, to hell and back reliable.

Whatever suits you just tickles me plum to death.

Can I refill your eggnog for you? Get you something to eat? Drive you out to the middle of nowhere and leave you for dead?

Re: Company Truck or milage [Re: inatree] #2931192
10/20/19 05:23 PM
10/20/19 05:23 PM
Joined: Oct 2013
Posts: 2,777
alabama
outdoors1 Offline
10 point
outdoors1  Offline
10 point
Joined: Oct 2013
Posts: 2,777
alabama
Everything is negotiable if you making the $$. Try to get a gas card from them to charge it all or an extra check or two. Use your own vehicle if you can find a slightly used one and take the .58. Full synthetic oil changes could go 10-15k between changes. If you can only find a good vehicle, especially a 4 cylinder if you don't need a truck. Wheel and deal on how to get them to pay the other upkeep if it all works out on your taxes. That would be a concern. 75k miles is a lot on a vehicle. 🤔

Re: Company Truck or milage [Re: mark] #2931252
10/20/19 06:32 PM
10/20/19 06:32 PM
Joined: Dec 2009
Posts: 9,375
Jasper, AL
J
joshm28 Offline
14 point
joshm28  Offline
14 point
J
Joined: Dec 2009
Posts: 9,375
Jasper, AL
Originally Posted by mark
Originally Posted by GKelly
Originally Posted by jwalker77
Average 300mi/day x 5days/week = 1500mi x $.56 = $840.00 x4weeks in a month = $3360.00/month
Subtract $50.00/day youll put in the gas tank and you have $2360.00/ month left
Hard for me to believe all you fellas would turn down $2360.00 a month just so you can drive another mans truck. You could buy you a brand new work truck and one to keep at home and have a good bit left over at that rate. Is my math right, or am I missing something?

yes you arent figuring in what your monthly payments, insurance, maintenance ( Tires youd need about twice a year, Oil changes every 3 weeks, tune ups, breakdowns, etc...) actual cost of gas to drive those miles plus what you do when your personal vehicle does breakdown rentals aren't cheap. not worth the headache to do all that maintenance on my time IMO.


Yes, since he is using it for work, and driving that many miles, insurance will most likely be more than if it was for just personal use. Plus, the company may require a minimum amount of coverage, I've had this happen, and it will cost you more.


Some of my larger customers require a $5MM policy just to drive on their property. I would ask for that mileage rate in writing. Lots will give that rate with a cap at $6-800. Ive never seen any business offer to pay you $30k/year just to drive a personal vehicle. This doesn’t pass the smell test.

Re: Company Truck or milage [Re: inatree] #2931386
10/20/19 08:40 PM
10/20/19 08:40 PM
Joined: Sep 2011
Posts: 355
Prattville
CaptKirk Offline
4 point
CaptKirk  Offline
4 point
Joined: Sep 2011
Posts: 355
Prattville
I have done all 3 options mentioned above and I personally would choose company vehicle if it still allows for normal personal use.

The option I was in where I was paid mileage and given a company car, the miles paid was a reduced rate rate like 0.28 to 0.32 cents a mile based on vehicle class. The IRS has a very defined set of rules for this case. You can write it off unless it exceeds something like 2 percent of gross income and you can only write off what is in excess of the 2 percent. I paid for all the normal stuff like oil, tires etc.

Also, most (maybe not all) require the vehicle you drive for company purposes to be a maximum of 5 years old and less than 150k in miles.

Some of this might be outdated as it was 9 years ago when I was in company vehicles.

And yes, most companies require 1 million in liability insurance to drive on site. 5MM is higher than I have ever seen but I don't doubt it. Most of the time the individual picks up the first 300k then the company has a blanket for the remainder. This is my experience working for speciality chemical companies driving onto site of the biggest corporations in the world, paper, chemical and oil industry.

Re: Company Truck or milage [Re: inatree] #2931392
10/20/19 08:45 PM
10/20/19 08:45 PM
Joined: Nov 2017
Posts: 1,530
Al
B
Broadhead26 Offline
8 point
Broadhead26  Offline
8 point
B
Joined: Nov 2017
Posts: 1,530
Al
I drive my personal vehicle for work all the time. You shouldn't get taxed on the milage. What it comes down to is what kinda gas mileage you get and what you're driving. I get 58 cents a mile and drive it on a 500 mile work trip about once a month. It's a beater civic I got for 5k and gets 30 mpg so it has just about paid for itself. If you're driving something newer or something with bad gas mileage, then I wouldnt. But if it's an old ford ranger or something, then it's kinda dumb not to.

Re: Company Truck or milage [Re: GKelly] #2932714
10/22/19 12:12 PM
10/22/19 12:12 PM
Joined: Nov 2001
Posts: 2,725
Phenix City, Al.
DeerTracker Offline
10 point
DeerTracker  Offline
10 point
Joined: Nov 2001
Posts: 2,725
Phenix City, Al.
Originally Posted by GKelly
Originally Posted by jwalker77
Average 300mi/day x 5days/week = 1500mi x $.56 = $840.00 x4weeks in a month = $3360.00/month
Subtract $50.00/day youll put in the gas tank and you have $2360.00/ month left
Hard for me to believe all you fellas would turn down $2360.00 a month just so you can drive another mans truck. You could buy you a brand new work truck and one to keep at home and have a good bit left over at that rate. Is my math right, or am I missing something?

yes you arent figuring in what your monthly payments, insurance, maintenance ( Tires youd need about twice a year, Oil changes every 3 weeks, tune ups, breakdowns, etc...) actual cost of gas to drive those miles plus what you do when your personal vehicle does breakdown rentals aren't cheap. not worth the headache to do all that maintenance on my time IMO.

I had a similar setup when I worked for the textile industry but travelled every other week. I drove my own car,a 4 cylinder Toyota, and bought a new car every 3 years. Also had enough money left over to buy the family odds and ends as needs arose as well as taking a few nice vacations a year. All paid for with the mileage I made travelling.


As for me and my house, we will serve the Lord.
Re: Company Truck or milage [Re: inatree] #2932720
10/22/19 12:19 PM
10/22/19 12:19 PM
Joined: Jan 2014
Posts: 7,862
sj22 Offline
14 point
sj22  Offline
14 point
Joined: Jan 2014
Posts: 7,862



I have a company truck and drive lots of miles so know way I’d wanna be putting that wear and tear on my truck



Re: Company Truck or milage [Re: inatree] #2932741
10/22/19 12:41 PM
10/22/19 12:41 PM
Joined: Jul 2005
Posts: 19,080
Chelsea, AL
straycat Offline
Old Mossy Horns
straycat  Offline
Old Mossy Horns
Joined: Jul 2005
Posts: 19,080
Chelsea, AL
I do both. I drive a company provided truck (use it for work and personal use)....plus I get mileage @ $ .55 a mile (work related) provided because I take care of the insurance, gasoline and oil changes. Company pays for other repairs and maintenance. Once my father-in-law fully retires and I take ownership 100%, then the company will pay for insurance and fuel/oil and mileage is passed on to clients to reimburse as an expense.


"The grass withers, the flower fades, But the word of our God stands forever." Isaiah 40:8

"Neither the wisest constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt.ďż˝ Samuel Adams
Re: Company Truck or milage [Re: CaptKirk] #2932748
10/22/19 12:53 PM
10/22/19 12:53 PM
Joined: Feb 2011
Posts: 3,739
RBC, AL
D
Drake322 Offline
10 point
Drake322  Offline
10 point
D
Joined: Feb 2011
Posts: 3,739
RBC, AL
Originally Posted by CaptKirk
I have done all 3 options mentioned above and I personally would choose company vehicle if it still allows for normal personal use.

The option I was in where I was paid mileage and given a company car, the miles paid was a reduced rate rate like 0.28 to 0.32 cents a mile based on vehicle class. The IRS has a very defined set of rules for this case. You can write it off unless it exceeds something like 2 percent of gross income and you can only write off what is in excess of the 2 percent. I paid for all the normal stuff like oil, tires etc.

Also, most (maybe not all) require the vehicle you drive for company purposes to be a maximum of 5 years old and less than 150k in miles.

Some of this might be outdated as it was 9 years ago when I was in company vehicles.

And yes, most companies require 1 million in liability insurance to drive on site. 5MM is higher than I have ever seen but I don't doubt it. Most of the time the individual picks up the first 300k then the company has a blanket for the remainder. This is my experience working for speciality chemical companies driving onto site of the biggest corporations in the world, paper, chemical and oil industry.


Runzheimer. Look the program up. It is a federal program IRS established. I was on it for 12 years. Monthly rate was fixed and gas cost varied on monthly adjustments. All based off how many business miles you drive in a year. There is a nice loophole in it. You can buy a 2 year old vehicle with low mileage and has rebuilt title and there is nothing they can do about it. Most of the program allows (used to) 5 years plus a year before you have to get a new or different one.

Re: Company Truck or milage [Re: inatree] #2932766
10/22/19 01:14 PM
10/22/19 01:14 PM
Joined: Oct 2006
Posts: 7,705
Montgomery, AL
Hunting-231 Online content
14 point
Hunting-231  Online Content
14 point
Joined: Oct 2006
Posts: 7,705
Montgomery, AL
I drive my personal vehicle (45,000+) annually and get a similar reimbursement for mileage; however, my vehicle was already paid for and I generally run them until they fall apart. However, if my company offered a vehicle and covered all associated costs - I would definitely go that route.


"The struggle you're in today, is developing the strength you need for tomorrow."
Re: Company Truck or milage [Re: inatree] #2932808
10/22/19 02:26 PM
10/22/19 02:26 PM
Joined: Dec 2001
Posts: 13,839
AL
H
hunterbuck Offline
Booner
hunterbuck  Offline
Booner
H
Joined: Dec 2001
Posts: 13,839
AL
With that kind of mileage, you're going to depreciate your own vehicle at a ridiculous rate....so much so that if you were to have much more than a fender-bender after a couple of years, the insurance company will total it out. If you're sitting there with a 5 year not on a two year vehicle with extreme high mileage, there's going to be a large gap that you'll owe between payoff and the check you get from the insurance company.

I've had company vehicles, and I've been paid mileage...and I'd get the company vehicle every time.


"You think I care? Roll Damn Tide"

Have you tried Google?
Re: Company Truck or milage [Re: inatree] #2932814
10/22/19 02:35 PM
10/22/19 02:35 PM
Joined: Feb 2014
Posts: 4,065
miss'ippi state
D
donia Offline
10 point
donia  Offline
10 point
D
Joined: Feb 2014
Posts: 4,065
miss'ippi state
my wife gets a car allowance plus mileage. she said she's going to either start getting taxed on the allowance or get a newer car, because she's about to reach the threshold of age/miles on her current car. she didn't get an option with the smaller company, but would prefer a company vehicle.


experience is a freakin' awesome teacher....
Re: Company Truck or milage [Re: inatree] #2932816
10/22/19 02:39 PM
10/22/19 02:39 PM
Joined: Feb 2003
Posts: 12,051
Sylacauga, AL
poorcountrypreacher Offline
Booner
poorcountrypreacher  Offline
Booner
Joined: Feb 2003
Posts: 12,051
Sylacauga, AL


It's the IRS that determined it costs .58 a mile to run a vehicle. That agency is not known for its generosity.

You can beat their rate by driving a small car and skimping on everything, but that's a lot of miles to be on the road. One thing that I don't think has been mentioned is the safety factor. I've been in wrecks, and one reason I survived is because I was in a full size truck. Good luck deciding.


All the labor of man is for his mouth, and yet the appetite is not filled.
Re: Company Truck or milage [Re: inatree] #2932817
10/22/19 02:41 PM
10/22/19 02:41 PM
Joined: Aug 2008
Posts: 5,342
mobile
C
charlie Offline
12 point
charlie  Offline
12 point
C
Joined: Aug 2008
Posts: 5,342
mobile
If those numbers getting thrown around are accurate, which I find hard to believe, I would use my own vehicle. That's a pile of cash, enough to pay for a new truck every 2 years. Who cares how many miles you put on it, it's not a classic car you're sitting on hoping its worth something one day, its a tool used to make a living.

Re: Company Truck or milage [Re: charlie] #2932944
10/22/19 05:22 PM
10/22/19 05:22 PM
Joined: Nov 2011
Posts: 21,751
USA
R
Remington270 Offline
Freak of Nature
Remington270  Offline
Freak of Nature
R
Joined: Nov 2011
Posts: 21,751
USA
Originally Posted by charlie
If those numbers getting thrown around are accurate, which I find hard to believe, I would use my own vehicle. That's a pile of cash, enough to pay for a new truck every 2 years. Who cares how many miles you put on it, it's not a classic car you're sitting on hoping its worth something one day, its a tool used to make a living.


You have to actually fill the truck up too though. 80,000 miles a year is at least 4,000 gallons and that’ll be over $8,000 minimum per year. Not counting tires, oil changes and the occasional catastrophe.

Re: Company Truck or milage [Re: Remington270] #2932946
10/22/19 05:27 PM
10/22/19 05:27 PM
Joined: Aug 2008
Posts: 5,342
mobile
C
charlie Offline
12 point
charlie  Offline
12 point
C
Joined: Aug 2008
Posts: 5,342
mobile
Originally Posted by Remington270
Originally Posted by charlie
If those numbers getting thrown around are accurate, which I find hard to believe, I would use my own vehicle. That's a pile of cash, enough to pay for a new truck every 2 years. Who cares how many miles you put on it, it's not a classic car you're sitting on hoping its worth something one day, its a tool used to make a living.


You have to actually fill the truck up too though. 80,000 miles a year is at least 4,000 gallons and that’ll be over $8,000 minimum per year. Not counting tires, oil changes and the occasional catastrophe.



True, but 80,000 miles at .58 a mile is $40,400. That's a pile of cash for 10 or 12 oil changes and a set of tires.

Re: Company Truck or milage [Re: inatree] #2932958
10/22/19 05:42 PM
10/22/19 05:42 PM
Joined: Oct 2009
Posts: 5,641
Henry county
coldtrail Offline
12 point
coldtrail  Offline
12 point
Joined: Oct 2009
Posts: 5,641
Henry county
I just did the math on mine through our vendor. I have a 2016 F150. I've incurred $56,000 worth of expenses. Gas, maintenance , cost of vehicle. If I had my own I would have broke even. I would be the owner of a high milage mileage vehicle, so I could have come out ahead.

The difference is I can drive my company vehicle whenever and wherever I want. I've driven it from Texas to Tennessee, to the beach a couple times a month. No way the company would pay milage for my personal vehicle for personal travel. So it depends on the package you get. Plus I'm paid by the hour so anytime there is service or an issue I'm not losing time.


"And the days that I keep my gratitude
Higher than my expectations
Well, I have really good days" Ray Wylie Hubbard
Re: Company Truck or milage [Re: charlie] #2932979
10/22/19 06:16 PM
10/22/19 06:16 PM
Joined: Jun 2015
Posts: 13,971
Some Marriott/Auburn
A
AU7MM08 Offline
Booner
AU7MM08  Offline
Booner
A
Joined: Jun 2015
Posts: 13,971
Some Marriott/Auburn
Originally Posted by charlie
Originally Posted by Remington270
Originally Posted by charlie
If those numbers getting thrown around are accurate, which I find hard to believe, I would use my own vehicle. That's a pile of cash, enough to pay for a new truck every 2 years. Who cares how many miles you put on it, it's not a classic car you're sitting on hoping its worth something one day, its a tool used to make a living.


You have to actually fill the truck up too though. 80,000 miles a year is at least 4,000 gallons and that’ll be over $8,000 minimum per year. Not counting tires, oil changes and the occasional catastrophe.



True, but 80,000 miles at .58 a mile is $40,400. That's a pile of cash for 10 or 12 oil changes and a set of tires.


And a real sonofabitch when you hit a deer, a tire shreds and destroys your bed etc etc.

Re: Company Truck or milage [Re: charlie] #2933108
10/22/19 07:59 PM
10/22/19 07:59 PM
Joined: Sep 2001
Posts: 934
AL
J
jhardy Online content
6 point
jhardy  Online Content
6 point
J
Joined: Sep 2001
Posts: 934
AL
Originally Posted by charlie
Originally Posted by Remington270
Originally Posted by charlie
If those numbers getting thrown around are accurate, which I find hard to believe, I would use my own vehicle. That's a pile of cash, enough to pay for a new truck every 2 years. Who cares how many miles you put on it, it's not a classic car you're sitting on hoping its worth something one day, its a tool used to make a living.


You have to actually fill the truck up too though. 80,000 miles a year is at least 4,000 gallons and that’ll be over $8,000 minimum per year. Not counting tires, oil changes and the occasional catastrophe.



True, but 80,000 miles at .58 a mile is $40,400. That's a pile of cash for 10 or 12 oil changes and a set of tires.


If your calcs were true that would be great. However they aren’t. Depreciation and commercial insurance will start eating it fast

Re: Company Truck or milage [Re: inatree] #2933230
10/22/19 08:49 PM
10/22/19 08:49 PM
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
inatree Offline OP
14 point
inatree  Offline OP
14 point
Joined: Jan 2014
Posts: 6,648
Trussville Alabama
The company has no minimum requirements for insurance or age of vehicle. It would have to be a truck because of tools and equipment. Lots of pros and cons.


Free men aren't equal and equal men aren't free! I choose to defend my freedom!
Re: Company Truck or milage [Re: inatree] #2933238
10/22/19 08:54 PM
10/22/19 08:54 PM
Joined: Nov 2011
Posts: 21,751
USA
R
Remington270 Offline
Freak of Nature
Remington270  Offline
Freak of Nature
R
Joined: Nov 2011
Posts: 21,751
USA
Think about it this way- do you know anyone with a company car/truck, who is dying to get 58 cents a mile instead? I don’t.

Re: Company Truck or milage [Re: AU7MM08] #2933332
10/22/19 10:02 PM
10/22/19 10:02 PM
Joined: Aug 2008
Posts: 5,342
mobile
C
charlie Offline
12 point
charlie  Offline
12 point
C
Joined: Aug 2008
Posts: 5,342
mobile
Originally Posted by AU7MM08
Originally Posted by charlie
Originally Posted by Remington270
Originally Posted by charlie
If those numbers getting thrown around are accurate, which I find hard to believe, I would use my own vehicle. That's a pile of cash, enough to pay for a new truck every 2 years. Who cares how many miles you put on it, it's not a classic car you're sitting on hoping its worth something one day, its a tool used to make a living.


You have to actually fill the truck up too though. 80,000 miles a year is at least 4,000 gallons and that’ll be over $8,000 minimum per year. Not counting tires, oil changes and the occasional catastrophe.



True, but 80,000 miles at .58 a mile is $40,400. That's a pile of cash for 10 or 12 oil changes and a set of tires.


And a real sonofabitch when you hit a deer, a tire shreds and destroys your bed etc etc.


Well, I've been driving for 38 years now, lots of trucks,trailers, cars, and tire blowouts but never had one damage a vehicle worse than a messed up rim. I average 20,000 miles a year and never hit a deer either.

Re: Company Truck or milage [Re: inatree] #2933398
10/23/19 01:27 AM
10/23/19 01:27 AM
Joined: Dec 2004
Posts: 25,065
Guntersville, AL
IDOT Offline
I am Cornholio
IDOT  Offline
I am Cornholio
Joined: Dec 2004
Posts: 25,065
Guntersville, AL
Company car with a company card is great and reimbursement is even better for racking up rewards etc.


Originally Posted by Patricia Heaton
If you’re a common sense person, you probably don’t feel you have a home in this world right now. If you’re a Christian, you know you were never meant to.


Re: Company Truck or milage [Re: inatree] #2933440
10/23/19 06:36 AM
10/23/19 06:36 AM
Joined: Aug 2016
Posts: 3,239
IN
P
ParrotHead89 Offline
10 point
ParrotHead89  Offline
10 point
P
Joined: Aug 2016
Posts: 3,239
IN
I would just rent a car and let them deal with maintenance. Just looked I can rent an economy car for 650 per month. I am sure you could find better deal in bigger city./

Re: Company Truck or milage [Re: inatree] #2933540
10/23/19 08:24 AM
10/23/19 08:24 AM
Joined: Mar 2011
Posts: 3,016
Pike Road, Al
M
Mully Online content
10 point
Mully  Online Content
10 point
M
Joined: Mar 2011
Posts: 3,016
Pike Road, Al
I have a company truck and it's great. It isn't my choice of vehicles but it is a 4wd crew cab pick up(2014 Tacoma) that I can use as I please. I also have a personal truck simply because it is paid for and I don't feel bad about abusing it at the farm and I would feel bad about using my company vehicle to way I do my personal one at the farm. Not long ago my company truck needs some type of mass air flow sensor or something of that nature that cost like $600 and brakes all the way around. It sure is nice to just drop the truck off, it gets fixed and I pick it up and doesn't cost me a dime.

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