How much does a fully expensed company car add to your salary package?

Question

How much does a fully expensed company car add to your salary package?

Answer 1

$12,000.00

Answer 2

If it includes gas and insurance? $6K worth of car payments,another $4K of gas and $2K of insurance.  That should total about $12K.  It will really come down to the type of car so it could fluctuate from $8-15K.

Answer 3

if you are in the uk then this depends on whether you have personal use of the car.

If you dont have personal use then it doesnt effect your wages and you wont be taxed on it.

If you do have personal use then the value of the car is divided by 3 then added to your salery for tax purpouses.

The way HMRC look at it is one third of the time the car is used for business use, one third of the time its not being used and the other third of the time it is being used by you.

Answer 4

Depends what car it is