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Thread: Your thoughts...getting a company vehicle...rock and hard place

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  1. #1
    Join Date
    Aug 2004
    Location
    Alberta, Canada
    Posts
    22,005

    Your thoughts...getting a company vehicle...rock and hard place

    Okay.

    Started my new job as a computer tech with Need Computer Help?

    Have worked one emerg job with the team and today invoiced my first job with my first real customer. Netted about $488 so far. (I need about $1500 per month to do okay.) I get a monthly stipend from some investments, and also over $1000 quarterly. And my mortgage is up for renewal and I have cut about $120 off the monthly payments.

    I've done the plastering of pull-tabs and business cards, gotten two very promising calls, two "tire kickers", etc.

    The company is moving towards black panel HHRs with all the company decals on them - white and yellow decals on black, with the consultant's cell number and business URL in nice big fonts.

    One fellow who was with the company has created and is running his own business. He has a fully decaled HHR, 2007, on a 0% financed loan from the dealership. I can sell my Toyota and put about $7,000 against the loan, bringing the payments down to $240 a month, interest free, after taking over the loan.

    Now - every cost associated with this car is a write-off as it is a billboard wherever it goes or is parked. It might generate a lot more business.

    Write-offs are good, but there is initial income to consider now. My financial guy and I can arrange some 'bridge' money til I am up and running more.

    Question - should I get this vehicle or not?
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    "Do or do not. There is no try." -- Yoda

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