what happens when you get a company car?
445216
You have to pay Tax on the 'benefit in kind' whether you only use it for business or not.\nThe benefit in kind is the value of the car plus accessories and each year this is multiplied by a percentage depending on the emissions and whether the car is petrol or diesel.  The value of the 'benefit in kind' is then deducted off your tax code so you pay more tax.  Basically you pay less for lower emissions cars
1002842
Yes. They can come to the workplace and ask as to your whereabouts. They are trying to collect on a debt and as long as they did not release any credit information to the other employees it was legal. \n\nTo avoid this in the future you have  to send a letter to the company. Request that no contact be made through your job. In order for itt to be considered a legal request you have to send it certified mail to the company asking them to refrain from making contact at your place of employment(include the address) and make sure it has to be signed for when received.\n\nIf you can't afford the car, you should just set up a time to give it back to them. It is alot less hassle and cheaper in the end. Not to mention you won't risk coming out of a store or your job and have the car just be gone.
1080780
It's true. When I got my first vehicle I was approved for 12%apr and was more than happy with my car. Soon I was late on one of my payment and my APR jumped 23%!!!. The company ripped me off and eventually I let the car go back after the engine cracked. Don't worry about your credit though, It's only a number, and you need to not get stressed over it. Do what I do, buy it in cash!
382804
If it's a company car they can do whatever they please.
237701
It depends upon company to company.
213764
They can/will reposes the car, then sue you for the cost of the car and the reposession. But they cannot insure that the county aty will go after you, they can only make a reccomendation of action. But more likely they will go after you. If you dont' cooperate they will kick your butt finacially-Just cooperate and give them the car. It will be cheaper in the end and they may even give you a chance to get out of the contract.
119725
When you work for a company, the inventions you come up with are not yours they become the property of that company
305607
No. Thats one of those things you are supposed to look at before signing on the dotted line. You can call the company (after making a good 6 months of payments) and re-negotiate your interest rate. Until that happens you are stuck unless you want to get a loan from an outside company with a lower interest rate and just pay the car off now but depending on how much your income is and your debt (including this car loan) you may or may not be approved. The current car loan can make your debt/net ratio be too high. You can also make payments to the principal only which I suggest to pay the car off quicker.
193234
if you were deducting expenses or depreciation for the car on your tax return, then yes.\n\nif you are in a trade or business of selling cars, then yes.\n\nif it is just a sale of your personal vehicle, no.
353436
call the company and find out.
195855
above posts are right. actually you are the owner as u have the title. so if they do anything illigal with that car u r the one who would b sued. they will be considered you agents.
504022
Depends..\n\nAre you working for yourself, in your own practice?  Is so, you'll be buying your own insurance, vacation will be time you don't get paid, etc....\n\nAre you working in a corporate office?  Then your benefits are part of your package from the corporation, usually consisting of Insurance, Vacation, and other perks.
267341
if it follows company policy
892397
If you are receiving a flat dollar amount per month from your employer for the use of your personal automobile while on company business the likelihood is that you will not be getting reimbursed for gasoline purchases as well, although I have seen instances in my accounting practice where an employer will pay both. You will have to ask your employer to explain its policy in this regard if you are not sure.\n\nThe important thing to be aware of is that this money is subject to income tax in your hands as a taxable benefit. In this respect it is important to keep track of all your automobile operating costs as well as the mileage you are driving while on business. At tax time you add up all your auto operating costs, multiply it by the proportion of your business mileage over your total mileage for the year. The resulting figure is the costs you have incured while on business. This cost can be taken as a deduction in computing your income for tax purposes. In some cases these costs will exceed the amount received from your employer as a car allowance thereby offsetting the fact that you have to include the allownace in your income while at the same time giving you some tax saving on the difference. \n\nMany employers pay their employees a mileage allowance for the use of their personal automobiles while on business. Employees are required to report the distance travelled and the reason for the trip on an expense report. As long as the per kilometer rate paid by the employers is equal to or less than the prescibed amounts permitted by the Canada Revenue Agency, then this type of alowance does not have to be included in the employee's income for tax purposes.\n\nFor more detailed information go to the website below
896431
You can check at companies house but you will probably have to pay
581104
wellif u have u threw the state and tax id then get a loan or pay out of ur beissness acount then u can claim that on ur taxes then u would have to get insured under ur company name then u can put ur logo on it but if have any body drive it then they would get a chalffers license
141344
It depends on the insurance company and the plan that you are on.  You need to check with your insurance company.