Now I don't even know if I want a company car...
$15 is deducted from my paycheck every 2 weeks to cover my unlimited personal use of the vehicle, including fuel, maintenance, and insurance. That adds up to $780 per year.
My other option is to be compensated to drive my personal vehicle at $0.54 per mile. I'm not sure how many miles I'll be racking up, but assuming 100 per week, I'm looking at getting $2800 per year. I don't spend that much per year on my Prius because I do all my own maintenance. It costs me $0.04 per mile in fuel.
I could buy the upcoming Bolt with 200 miles of EV range, which would likely cover any work travel distance. I'd probably fly for anything further, and I still have my Prius even if I have to drive.
EV is essentially free to drive after you pay for it. At $0.02 per mile in electricity, my only other costs are depreciation, insurance, and tires.
If I get a company car, I'm locked in with a 4 year lease, so I couldn't change my mind easily. I can keep the Caravan until March before I have to decide...
What would you do considering the difference between the 2 decisions might amount to almost $3600. That is, I would have to pay $780 to drive the company vehicle, or make an estimated $2800 to drive my own.
