Company Car Plan

[strutot]

for middle management this is what our company offers:
*P500,000 budget to purchase the car rest of the balance assumed by the manager
*the company pays for the insurance, registration, maintainance and 150 liters of gas a month
*after 5 years the manager has the option to buy back the car (less his equity %tage if over the 500k budget)
*if over the 500k limit he can repay the company the balance in 24 months equal installments interest free

[ptk675]

sigh.. i must be in the wrong IT company. we have nada. not even free parking

[Asus700]

Tama ka naman diyan bro..

Pero, diyan kasi sa US,- affordable ang sasakyan dahil generally,- ilang buwang suweldo ang presyo ng kotse.

Dito sa atin sa Pilipinas,- karamihan ay ilang taong suweldo ang presyo ng kotse,- kaya ang mga kumpanya ay ginagawa itong "golden handcuff" sa mga empleyado....

3101:transform:

agree. mura naman kasi ang sasakyan sa tate.

sigh.. i must be in the wrong IT company. we have nada. not even free parking

the car benefit is the single most expensive investment that a company has for their key people. consequently, for an employee, it comes at a price. more pressure to perform, more hours, you'll be ask to deliver more etc.

also ang hirap din na hindi mo nakukuha ng buo ang sweldo mo. if i were to be given a car plan now like my previous, i'd reject it outright. may ride naman ako, ayus na yun. wala akong binabayaran and i can leave the company for another one anytime. wala akong panghihinayangan na mga naihulog ko na sa amortization.

now, if its an assigned car with no amortization, its a different story

[VtEC]

Mine is different, all provided by the company from car to fuel to parking voucher but you cant own the car

[a4Tech]

Thanks for your inputs.

Actually hindi pa sinasabi sa amin ang terms kasi this is the first time that the company will give out such benefit.

Hay.....was dreaming of the facelifted White Mazda 3 V * 839K.

[1D4LV]

my current plan is that the company shoulders the first 500,000. the remainder's deducted from my salary every month. ownership after 3 years.

since i had a car na, when i availed of this, i got a vehicle costing 500,000.00. parang libre. all i need to do is to stay here for 3 years.

my previous plan (from a Japanese MNC):

60% shouldered by the company.
40% i pay via SD, payable in 5 years.