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|| SportsShooter.com: Member Message Board
additional comensation to mileage?
Sean D. Elliot, Photographer, Photo Editor
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Norwich | CT | USA | Posted: 11:20 AM on 04.27.09 |
->> Anyone out there work for a paper that pays you additional vehicle-related compensation above and beyond your monthly mileage for wear and tear on your car? Anyone out there who used to get such a thing but doesn't anymore? We're looking at the impending cessation of our company cars and would be nice to know if there is an argument to be made for getting something more than the mileage pittance for the wear and tear on our personal vehicles.
thanks,
Sean |
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Andrew Sullivan, Photo Editor, Photographer
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Kissimmee | FL | USA | Posted: 11:46 AM on 04.27.09 |
->> What are these... company vehicles? I get .28/mile here.
Andrew Sullivan
www.picandrew.com |
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Sean D. Elliot, Photographer, Photo Editor
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Norwich | CT | USA | Posted: 1:49 PM on 04.27.09 |
| ->> first, sorry for the typo, obviously I meant comPensation. My question, clearly, is addressed to those who either currently have the benefit or at least once did. Sorry if the fact that I currently get to drive a company car offends anyone. |
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Sam Morris, Photographer
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Henderson (Las Vegas) | NV | USA | Posted: 2:09 PM on 04.27.09 |
| ->> We get the federal rate of $.505. I believe that is supposed to cover wear and tear on top of the cost of gasoline. |
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Michael Fischer, Photographer
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Spencer | Ia | USA | Posted: 2:20 PM on 04.27.09 |
->> Sam is correct, although I believe it's actually referred to as the IRS rate since they adjust the actual number.
That .505 sounds good; if you itemize you can claim back the difference between what work pays you and the .505/mile. KEEP careful records to support your claim. Just keep in mind the actually cost is somewhere around .75/mile iirc.
Michael |
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Karl Stolleis, Photo Editor, Photographer
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Philadelphia | PA | | Posted: 12:52 AM on 04.28.09 |
->> The number of papers that pay the IRS rate is probably less than 10% nationwide. Most use employees autos as a way to keep costs down. You can claim the difference up to the IRS max but that deduction is no where near what you lose on the car.
Fact is - and folks need to realize this - driving your own car is simply subsidizing your employers business. Newspapers are cheap and they are losing money. It wont get better. |
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Aaron Rhoads, Photographer
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McComb | MS | USA | Posted: 5:40 AM on 04.28.09 |
->> We get around on company jet packs here.
ours was 28 but as soon as the price went down, they went to a sliding rate. |
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Colin Lenton, Photographer
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Philadelphia | PA | United States | Posted: 1:22 PM on 04.28.09 |
->> Depending on the car that you buy, mileage can more than cover your cost of ownership as long as you drive enough miles to cover the yearly depreciation costs -
If you're afraid that mileage won't cover it consider suggesting a weekly stipend that covers your costs. |
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George Bridges, Photographer, Photo Editor
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Washington | DC | USA | Posted: 4:28 PM on 04.28.09 |
->> A quick search turns up that in 2006 the AAA estimated that with gas at $2.40/gallon when you add in other factors if you drive 10,000 miles a year the average (varies on size of car) is 62.0 cents per mile. I'm sure a 2008/09 version can be found as well.
So the IRS method doesn't really cover it unless you are driving a small car and then it just comes even with those estimates.
More charts here:
http://www.pacebus.com/sub/vanpool/cost_of_driving.asp |
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Mark Peters, Photographer
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Highland | IL | USA | Posted: 9:22 PM on 04.28.09 |
->> Since the 62.0 cents per mile is an average, the denominator in that equation (miles driven) will really push that number down due to the significant fixed costs included in the cost of operation - including insurance.
What I'm curious to know is of those who are being required to use your cars daily, are you carrying a separate business use policy? |
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Mark Peters, Photographer
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Highland | IL | USA | Posted: 9:24 PM on 04.28.09 |
| ->> Incomplete thought in my first sentence - meant to say as the mileage goes up - I used to drive 50,000+ miles per year, now I'm down to 30,000+. My cost per mile driven is fairly low. |
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Marcus Marter, Photographer
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South Bend | IN | United States | Posted: 9:43 PM on 04.28.09 |
->> Sean, here at the Tribune, in South Bend, IN, the staff photographers receive a weekly stipend in their checks for use of a personal vehicle. We also keep track of our mileage and are reimbursed at the end of each month based on miles driven. Of course the weekly stipend does not cover the costs of maintaining our "reasonable" vehicles, but its better than nothing.
Our monthly reimbursement is very low, on account of our stipend.
Management states that the weekly stipends should add up to a car payment. Of course, it depends on what kind of car you drive. I drive an Impala, another photographer drives a Lexus, go figure. |
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Sean D. Elliot, Photographer, Photo Editor
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Norwich | CT | USA | Posted: 6:26 AM on 04.29.09 |
| ->> thanks everyone. so far between what's here and what I've received privately that I'm not totally whacko, it's rare but exists and that's what I need to know. |
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