Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community - FT86CLUB

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-   -   Anyone use the FR-S for business use? (https://www.ft86club.com/forums/showthread.php?t=54177)

iff2mastamatt 12-23-2013 05:16 PM

Anyone use the FR-S for business use?
 
Just wondering if how many people use their FR-S (or BRZ/GT-86) as a company car, or deduct travel expenses related to their employer. I overwhelmingly expect people not to deduct anything from their car, but I'm just curious so I added a poll.

finch1750 12-23-2013 06:07 PM

Im a private contracted sports official and write off mileage as a buisness expense. For my 9-5 job I get reimbursed mileage at the federal rate when i travel to different locations for hearings.

mav1178 12-23-2013 06:16 PM

The last option on the poll is really stupid, especially for anyone that is an independent contractor or outside sales for a company.

I know plenty of people that work a salaried position, that has their vehicle mileage (and even gas expenses) deducted for tax purposes at the end of the year.

Even if you are not given the option by your employer, if you need to drive ANYWHERE during working ours for a legit reason (other than going to lunch), you are entitled to have this mileage deducted from your income. Most don't do it because it's such a tiny expense that won't make any meaningful impact on your finances.

-alex

humfrz 12-23-2013 09:40 PM

Well, being retired, I responded with a no (but I didn't agree with the "why would I do that" part.

Heck, in a recent past life, I drove a Miata as a business car .... and I was a real estate broker ....:).

humfrz

Basket Case 12-23-2013 09:44 PM

I am.a sales rep and spend the majority of my day in my car. I naught my car in may and have already out 13,467 miles on it...looking to keep this car for 10 years, lol. I will probably be building a new block before then.

torqdork 12-23-2013 11:17 PM

Yes, it is in my fleet leasing company that I leaseback from.

suaveflooder 12-23-2013 11:26 PM

I'm a finance advisor and I deal with Life insurance, annuities and investments. Milage and gas is a write off. And there is A LOT of driving involved.

toeout 12-24-2013 12:07 AM

I'm a delivery driver and I use my FR-S for hotshot runs, when the packages are small enough. Took water samples to Nashville last week, a machine part to Beech Island SC the day after and a server to a cinema in KY on Saturday. Today I had a library route, picking up and delivering books.


My Ford E350 gets about 13 mpg and I get paid the same regardless of the fuel used, so driving my FRS is a win in every way :)

reni 12-24-2013 04:08 AM

I use it to make deliveries for my dad's business. I have to do it really early in the morning though, so I'm aways falling asleep at school.

MonkeyBoy 12-24-2013 04:16 AM

I do on site IT consulting and put 20-30k per year on a car. The FR-S gets better milage than my Lexus. Writing off milage is at a flat rate with a regulated cap by the IRS. It floats around .50 an mile to cover fuel and wear and tear. Lower maintenance cost and fuel cost is good.

Braces 12-24-2013 07:24 AM

My car is a lease that is expensed through my practice. I write off approximately 75% business and 25% personal. I've put 15K miles on it in 1 year of ownership. The car has been very reliable with no issues.

z3ro 12-24-2013 09:14 AM

I can't click on any of those options; i have a company car, a 2013 Jetta 2.5S wagon. But, i have had clients (I'm in technical sales) that see it and want me to take them to lunch in it.

Its hilarious to see people that own higher end BMW's and Merc's and want to go ride in a $25k Toyota. Makes me even more happy with my purchase.

86-tundra 12-24-2013 10:58 AM

I selected no in the poll, but then realized that I was kinda lying. I've taken it once for a business trip to houston from austin. with 30 mpg you can really benefit from that 56 cents a mile from the IRS. just a bit more money over my 15 mpg fj cruiser

BadMoon 12-24-2013 11:05 AM

Quote:

Originally Posted by suaveflooder (Post 1408691)
I'm a finance advisor and I deal with Life insurance, annuities and investments. Milage and gas is a write off. And there is A LOT of driving involved.

I do health and life insurance. Same here. I drive all over and write off mileage.

civicdrivr 12-24-2013 11:16 AM

I charge mileage (IRS rate) for any work-related travel. Be it between different sites, to the airport, to meetings, etc. I have a "home base" that I go to daily, so I don't get reimbursed for mileage from home to work.

My previous job had me driving on average 1000 miles a week. At 56 cents/miles, I was loving that check.

Tolls are expensed out as well.


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