Topic made by dk: How much is a fair car / auto allowance from an employer?
I’m trying to determine a fair car / auto allowance for business use. Currently I believe a base monthly rate & $ /km or $ /mile over X km’s/miles is the best approach, but have no idea as to how much the base rate, base km/miles and per km/mile rate over the base is fair in today’s market. Canada & U.S. responses please
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Best answer:
Answer by michael_54550
.40 cents a mile sound reasonable to me.
Answer by teenyg
When I used my car for business purposes from 2000 – 2004, my employer reimbursed me $ 250/month plus 25 cents/mile. I know it isn’t really a current number but maybe it will help.
Answer by been_here_and_gone
.25 to .30 a mile would be fair for starters for gas, tires, repairs, and maintenance. Plus, cost for extended mileage depreciation would also figure in if you’re putting on a lot of miles. The more miles you put on your vehicle, the less it is worth even if it runs fine.
Answer by Penguin103
In the United States, the current rate that is used for business is $ 0.486 per mile. This includes everything: gas, maintenance, etc.
It used to be more constant, but with the price of gas being so volatile, this number is changing at least once a year now.
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How much is a fair automobile / automobile allowance from an employer?
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