3 ms·
If it's cheaper for the company than leasing or renting cars somewhere else, why not? Presumably you hire the employee for their time and expertise, not becaus
by wongarsu 3y ago
If it's cheaper for the company than leasing or renting cars somewhere else, why not?
Presumably you hire the employee for their time and expertise, not because they own a car and offer its use for company travel below market rate. (That does happen in many industries, but that's a market distortion we should look down on, not a yardstick for what's right)
- bombcar 3y agoThe difference is it's usually not "worth it" to break it out in the case of an employee (the advantage is the other way, where the company buys a car and lets the employee drive it, and ignores personal use). With $2m on the line, it is worth it even just for the tax savings.