Hey guys. Long story short, I just got offered a 7-month interim job at a company in Europe. They offered me two different types of contracts (one with a company car and one without one). If I take the car I get: unlimited gas, insurance and repair. If I don't take the car I get: An extra 200€ ($220). No taxes on that. That's 1400€ over 7 months. I already own a decent car (obviously the company one would be better) and the job isn't that close to home. I will try to commute a couple of days per week but I know that I'll end up going 4/5 days with my car (because its more convenient as I often move around after work - practice and girlfriend's house). What would you guys take? I really have a tough time deciding and would love to hear some of your takes. Thanks!
I'd take the car. Gas will probably take up at least half of your allowance based on how much you think you're going to be driving.
You already have a car that you are paying insurance and maintenance on. Unless you spend that much in gas, I'd take the money.
So if I'm reading this correctly, you're not moving for this job? You still have access to your current car?
Yes. I have a car for which I am paying insurance+gas. I can't sell it as I will need it again in 7 months, hence the pickle.
So really the question is how much gas money you'll save driving the company car. Not sure if you want to just cancel insurance for 7 months. And there may still be some basic maintenance you have to do on your current car. What is your monthly gas expense currently?
There could be an option where you garage your car for 7 months and pay a cheaper rate instead of just cancelling the insurance.
Do the math, if you can save half the money then ... Spoiler <embed src="http://media.mtvnservices.com/mgid:uma:video:vh1.com:235979" width="512" height="319" type="application/x-shockwave-flash" allowFullScreen="true" allowScriptAccess="always" base="." wmode="transparent" /> "Take the money and run"... ....... ....... .......
i would take the car i guess. if not take the 1,400 euros and put them directly towards your car to pay it off faster and save on interest.