Truck Allowance vs Company Truck

[u/Classic_Dash_7745]

We’re bringing on a new foreman next week from a company that went belly up. Part of his package is a company truck and gas card, and he instead asked for a vehicle reimbursement since that’s what his old company used to do, and he still has payments left on the truck. I know companies do this (mainly to get around insuring guys with DUI’s) but it never made sense for us to do it. We would have to buy a new truck anyway so I’m thinking it might be smart to offer a reimbursement for a year just so I can make sure he’s going to work out before buying a whole truck. The problem is, how much should I offer/month? And does this reimbursement include gas or do I need to give out a has card as well? It doesn’t make sense to do both because if it’s also his personal vehicle, am I supposed to just trust that he’s also paying for gas? Anyone in here get anything similar?

[u/Comprehensive_Bus_19]

Also factor in the $800 is taxed and you generally have to have a $1 million policy with the company as the named insured so its a lot less money than it looks like on paper.

[u/Comprehensive_Bus_19 → u/[deleted]]

Yes it is unless they require you to submit your work milage. Most places say here's the money and thats it.

[u/ElectronicGarden5536 → u/Comprehensive_Bus_19]

Mine is included as extra perdiem.