I don't even know where to start with this.
I had a call this week from my boss to tell us that our tools of trade vehicle will be returned 1st of August when the company that purchases us becomes official and that we will be having our salaries adjusted to compensate. She's asked us to work out as best as possible what the minimum that needs to be. What is awkward is that my colleague and I report to Australia and come under their umbrella so what might be ok for our Aussie colleagues might not be great for us.
My job consists of travelling around the country from Auckland, where the upper North Island we drive, everywhere else we fly and pick up a rental car. So I'm away from home 7 weeks out of 8. We average roughly 30-40,000k in our cars, the rest in rentals.
So obviously the car really is a tool, and not just a perk. I've contacted the company we lease the vehicles from to get an idea of what we pay for the lease and servicing. Obviously fuel is a big cost and insurance.
Do I need to speak to an accountant? A few casual inquiries suggest that leasing as individual is not that straightforward, the company we are currently with (I asked if taking over the lease was an option) however they flat out don't do it.
So do I purchase a brand new vehicle, buy an older one, lease?