Old 02-06-2010, 06:00 PM
Senior Member
Join Date: Aug 2007
Location: Aberdeen, NJ
Posts: 1,751
Received 58 Likes on 45 Posts

I am in NJ. I would guestimate a company car to be worth $9k to me. While I do contribute to the monthly cost, I am able to use the car for personal use and my wife is also insured to use the car for personal use. Other than my monthly contribution, I have no other out of pocket expenses.

An easier way to figure this out would be to calculate the following:

$300-$400 monthly car payment
$100 monthly insurance expense
$200+ monthly gas expense
$25-$100 monthly "maintance" expenses (lower when car is newer but higher in the 3rd and 4th year