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Personal Finance (Not Investing) • Re: Company car vs. auto allowance - please help w/ the math!

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With only 8k miles a year for the job, that's a no brainer to keep your car. I did excruciating math when I was in that one job where my car would have to be 5 years or less and was driving 25k miles a year. I bought a new Subaru Legacy GT for $27k miles in 2008 and figured out that it was paid for in just under 3 years completely including all gas, insurance, taxes, maintenance, tires, everything. Beyond that point, it was all profit. And I considered it to be a car I would not own if not buying it for work. If you would have owned your current car regardless, you're making bank big time. Especially at 8k miles.

Statistics: Posted by Jack FFR1846 — Fri Dec 13, 2024 7:38 am



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