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If you get a mileage reimbursement...
Posted by keeton (more from keeton) on Mon, 11 Aug 2003 20:43:18
In Reply to: Re: What is the buyout $$ ?, JHKC, Mon, 11 Aug 2003 20:01:25
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...I'll assume that it is at a fixed rate per mile whether you are driving a BMW 740 (and you thought Saab's depreciate...) or a tired old Toyota. If your total reimbursement was greater than than the lease penalty, then you are making money (that's whay they reimbursed you, hint, hint). It still would not have affected the purchase/trade or lease/turn in (i.e. the gross cost of ownership) for a car driven the same number of miles. You are not doing that badly.
If you want to maximize your work miles reimbursement, go find an old but low mileage Buick Lesabre off of some retiree. Drive the bejeezus out of it and you'll really make money.
posted by 216.192.200...
Posts in this Thread:
- kobayashi maru (longish), JHKC, Sun, 10 Aug 2003 20:07:12
- Bean counter forum, john stedman, Mon, 11 Aug 2003 22:41:19
- Great time for 1 or 2, stamp out Aero envy..., Mike Lynch , Mon, 11 Aug 2003 12:21:18
- Re: kobayashi maru - a couple of options, keeton, Mon, 11 Aug 2003 08:14:12
- What is the buyout $$ ?, mdj, Mon, 11 Aug 2003 04:58:28
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