5 ms·

Probably this, yeah. Lease cars as part of your work comp are relatively common in the tech sector here.

by angulardragon03 3y ago

darthrupert 3y ago
Which is nice for us middle earners since we get those almost new models a lot cheaper.
- hef19898 3y ago
  Cars coming back from lwasing, if bought with a new warranty, are great value. Especially after Covid, those 2020/2021 model years tend to have incredible low millage.
- atq2119 3y ago
  For the same reason, it's also nice for top earners with a healthy attitude towards cars.
  - ohdannyboy 3y ago
    Why is it unhealthy for people who have the discretionary income to want to spend it on newer, higher featured cars? Seems like a simple preference.
- rvba 3y ago
  This system is overall so nice for everyone involved. Middle earners drive new cars. Those cars are regularly i spected and repaired. Then sold. Obviously your milage might vary (some sales representatives drive a lot every day), but often those cars are nice.
gruez 3y ago
>Lease cars as part of your work comp are relatively common in the tech sector here. It's not treated as income by the tax authorities? If so, I'd rather have them hand me cash instead so I can get the car I want, and won't be out of a car when I'm laid off/quit.
- whynotmaybe 3y ago
  In Belgium and Luxembourg, it's considered as taxable benefit and the amount is based on the type of car. You usually end up paying 200-300 €/month as tax directly deduced from your salary but for that amount you have a new car with all the servicing included, even tires. A few years ago, it was part of the standard salary package for many companies in IT so you weren't really without a car when leaving. Some places where strict on the kind of car you can have (small cars for junior, Mercedes for management) but other places just provided you with a monthly budget so you could get whatever you want. You could also pay the difference to have a better car.
  - MonaroVXR 3y ago
    Same for the Netherlands as this is happening for me

Probably this, yeah. Lease cars as part of your work comp are relatively common in the tech sector here.

darthrupert 3y ago

Which is nice for us middle earners since we get those almost new models a lot cheaper.

hef19898 3y ago
Cars coming back from lwasing, if bought with a new warranty, are great value. Especially after Covid, those 2020/2021 model years tend to have incredible low millage.
atq2119 3y ago
For the same reason, it's also nice for top earners with a healthy attitude towards cars.
- ohdannyboy 3y ago
  Why is it unhealthy for people who have the discretionary income to want to spend it on newer, higher featured cars? Seems like a simple preference.
rvba 3y ago
This system is overall so nice for everyone involved. Middle earners drive new cars. Those cars are regularly i spected and repaired. Then sold. Obviously your milage might vary (some sales representatives drive a lot every day), but often those cars are nice.

gruez 3y ago

>Lease cars as part of your work comp are relatively common in the tech sector here. It's not treated as income by the tax authorities? If so, I'd rather have them hand me cash instead so I can get the car I want, and won't be out of a car when I'm laid off/quit.

whynotmaybe 3y ago
In Belgium and Luxembourg, it's considered as taxable benefit and the amount is based on the type of car. You usually end up paying 200-300 €/month as tax directly deduced from your salary but for that amount you have a new car with all the servicing included, even tires. A few years ago, it was part of the standard salary package for many companies in IT so you weren't really without a car when leaving. Some places where strict on the kind of car you can have (small cars for junior, Mercedes for management) but other places just provided you with a monthly budget so you could get whatever you want. You could also pay the difference to have a better car.
- MonaroVXR 3y ago
  Same for the Netherlands as this is happening for me