What is a Company Car Worth in Salary?
Having a company car can be a big benefit for anyone who works for a company, not only does it allow you to get to and from work more easily, it can also save you money in fuel costs. But what is a company car worth in terms of salary? In general, a company car is worth the equivalent of a 5-10% salary increase. This is because the cost of a car (including fuel, maintenance, insurance, and taxes) is much higher than the equivalent salary amount....