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  #1  
Old 03-12-2007, 06:42 PM
Anonymous
 
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Default Company Car

I know this question is somewhat unimportant when you are making good money already but I am wondering if this is a company car or a car allowance position? It's not a deal breaker either way....i'm just getting a feel for the overall package. Thanks!
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  #2  
Old 03-12-2007, 10:05 PM
Anonymous
 
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Default Re: Company Car

450/mon. car allowance plus 48 cents per mile.
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  #3  
Old 03-13-2007, 12:55 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
450/mon. car allowance plus 48 cents per mile.

Thanks for the info. Some other threads on this board were saying that this isn't a very good package for car allowance. After .48/mile is added onto the $450/mo...this seems like a pretty generous package. Please refute me if I am off my rocker. Thank you for the input.
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  #4  
Old 03-13-2007, 11:51 AM
Anonymous
 
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Default Re: Company Car

are you saying that if a rep drives 1000 miles a month for business, the reimbursement is $480 + $450 for car?
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  #5  
Old 03-15-2007, 05:10 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

You idiot, it's not 48 cents a mile. It's a variable amount each month depending on gas prices. It averages about 15 cents a mile.
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  #6  
Old 03-25-2007, 11:29 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

The above answers are incorrect. Depending on how many miles you drive + the amount of miles per year will average out a depreciation rate, which if the more you drive the more you get reimbursed, average I'd say is more in the $500 range, as mine is $535. The cost of insurance also factors into the equation, then the cost of gas and new tires, figure an average of .15 cents a mile.

What I get reimbursed each month with an average of 3500 miles turned in to CRS (Cubist's Car Reimbursement Program) is around $1100.

Hope this helps.
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  #7  
Old 04-12-2007, 11:41 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

The whole idea of car reimbursement is not to make extra $$$, is to at least break even to cover the cost of the car so it feels like a free company car without them physically giving you a car. Be grateful if you worked in medical devices, most do not even offer that at all. 100% on your own.
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  #8  
Old 04-15-2007, 10:30 PM
Anonymous
 
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Default Re: Company Car

its a perk-get over it
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  #9  
Old 08-27-2007, 04:36 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
The above answers are incorrect. Depending on how many miles you drive + the amount of miles per year will average out a depreciation rate, which if the more you drive the more you get reimbursed, average I'd say is more in the $500 range, as mine is $535. The cost of insurance also factors into the equation, then the cost of gas and new tires, figure an average of .15 cents a mile.

What I get reimbursed each month with an average of 3500 miles turned in to CRS (Cubist's Car Reimbursement Program) is around $1100.

Hope this helps.
Just checkin. How much do you spend in gas alone a month.$350 to $400. the rest is for all of the other factors. wow. think I'll stay big pharma. you
must be losing money.
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  #10  
Old 08-28-2007, 11:33 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

The reimbursement model is based on a Honda Accord 6cylinder. You may have some out of pocket expense if you choose a more upscale car. We spend so much time in our cars, why not drive something nice? Any out of pocket car expenses can be reported on your taxes to offset all the bonus money we make.
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  #11  
Old 03-03-2008, 07:00 PM
Anonymous
 
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Default Re: Company Car

Is the Company car reimbursement of 450.00 per month Taxed???
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  #12  
Old 03-04-2008, 09:38 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Is the Company car reimbursement of 450.00 per month Taxed???
Its a very very mediocre auto plan. Its not taxed but you definitely don't do anything but break even at best
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  #13  
Old 03-06-2008, 11:52 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Talk about idiots! That $450 is considered taxable income by the IRS. The .48/mile is the IRS reimbursement standard. This is not variable based upon gas prices, but is fixed by the IRS periodically. Regardless, I've had Co. cars and car allowances. I'd rather drive what I want, and own my car than drive an obvious rep car. If my kids want to puke on the seats, that's my problem.
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  #14  
Old 03-08-2008, 01:19 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

The reimbursement is absolutely NOT taxed as long as you stay w/in plan guidelines...if you drive less than 20,000ish miles a yr your car must be w/in 3 model years old, the car must have been over $17,000 when purchased new..you get a base payment of anywhere from 450 to 550 based on where you live and you get a variable payment per mile based on how $$$ gas is in your territory...right now mine is .22 cents a mile. I drive about 1200 miles a month and get about $750
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  #15  
Old 04-02-2008, 11:28 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
The reimbursement is absolutely NOT taxed as long as you stay w/in plan guidelines...if you drive less than 20,000ish miles a yr your car must be w/in 3 model years old, the car must have been over $17,000 when purchased new..you get a base payment of anywhere from 450 to 550 based on where you live and you get a variable payment per mile based on how $$$ gas is in your territory...right now mine is .22 cents a mile. I drive about 1200 miles a month and get about $750
When gas is $3.30 per gallon this is a shitty, repeat shitty plan. $650 per month and .48 cents a mile would be the ticket. Some device companies have plans like this.

If you want to break even, you'll have to drive a rep type of car under your plan.
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  #16  
Old 04-03-2008, 11:34 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Last time I checked we are Rep-type of car sales reps.

Be reasonable when you switch from a company car to your own car and make a solid financial decision and you will be OK.

Do most of us realize that after pay, bonus, and benefits we make more than most of the PharmD's and newer ID's that are so important to our business.

If you want to drive a Mercedes for your self-esteem and image problems go ahead but don't bitch like it is deserved....your a drug rep, just like the rest of us!

I suppose you acquired a taste for Gray Goose and Golf since becoming a rep as well?
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  #17  
Old 04-22-2008, 11:39 PM
Anonymous
 
Posts: n/a
Argue Re: Company Car

Quote:
Originally Posted by Anonymous View Post
You idiot, it's not 48 cents a mile. It's a variable amount each month depending on gas prices. It averages about 15 cents a mile.
No...you are an idiot. .48 cents per mile means .48 cents per mile. I am a sales rep and I get 40.5 cents per mile. Pretty self explanatory. Moving past that...yes...that is a great deal.
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  #18  
Old 04-22-2008, 11:54 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Talk about idiots! That $450 is considered taxable income by the IRS. The .48/mile is the IRS reimbursement standard. This is not variable based upon gas prices, but is fixed by the IRS periodically. Regardless, I've had Co. cars and car allowances. I'd rather drive what I want, and own my car than drive an obvious rep car. If my kids want to puke on the seats, that's my problem.
You just embarassed yourself. I have been doing this for a number of years in medical (dme) sales. Your reimbursement is NOT TAXED. If you are claming it as income...you lost alot of money. If it is in your w-2..it is then taken out again as a "wash". Dummy. I drive my own car and get reimubursed monthly. Works for me. But I would rather have a company car.

Go ahead and let kids puke on YOUR seats.
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  #19  
Old 04-28-2008, 03:01 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Thanks for the info. Some other threads on this board were saying that this isn't a very good package for car allowance. After .48/mile is added onto the $450/mo...this seems like a pretty generous package. Please refute me if I am off my rocker. Thank you for the input.
That is bullshit. A couple of sources told me the per mile amount is like 20 cents.
It wasn't the only reason I dropped my appy but it was something to say this is some extra crap I don't want to deal with.
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  #20  
Old 04-28-2008, 10:38 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

20 cents a mile! That is horrible. But it is pretty true. I am just glad I work a more metro area. Less miles Ha Ha. My BMW holds up just fine.
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  #21  
Old 05-04-2008, 11:06 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
20 cents a mile! That is horrible. But it is pretty true. I am just glad I work a more metro area. Less miles Ha Ha. My BMW holds up just fine.


It's car guy again...he's a metro...BMW holding up fine..doubt it!
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  #22  
Old 05-05-2008, 09:32 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

You are right. I traded in my BMW for a used KIA. Only way to break even on this plan.
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  #23  
Old 10-08-2009, 09:24 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Has the reimbursement changed over the past year ? Still $450 per month plus 48 cents a mile ?
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  #24  
Old 10-11-2009, 09:43 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Has the reimbursement changed over the past year ? Still $450 per month plus 48 cents a mile ?
Never was 48 cents a mile. If you do much driving, you will lose about $200 a month like last month. Just drive a used model where the depreciation has already taken its toll.
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  #25  
Old 10-16-2009, 03:17 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Car choices;
BMW 3 series
Mercedes ML
Lexus GS
Audi A5
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  #26  
Old 11-25-2009, 03:20 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

CLARIFICATION TO HOW THIS WORKS: On the CRS Program www.crsinc.com, each individual driver receives their own individual reimbursement rate that accounts for geographic cost variances (insurance, taxes, regional gas prices, license & registration fees, etc.) plus the actual number of business miles driven.

The employer chooses a standard vehilce for which the reimbursement is based (example: Chevy Impala) and then all reps are reimbursed on that same standard. CRS calculates an individual reimbursement rate for each driver, intended to represent the costs associated with the business use of that standard automobile.

Each driver will have both a Fixed and Variable component to their reimbursement. The Fixed component reimburses for all Fixed costs (insurance, taxes, Lic&Reg, etc.) and the Variable component reimburses for all the Variable expenses (fuel, maintenance, tires, etc.).

We all incur both fixed and variable costs when driving our vehicle. The only fair and equitable way to get reimbursed for both Fixed and Variable costs in through a Fixed and Variable reimbursement program.

If you drive more miles, your costs are higher, so is your reimbursement. If the price of gas goes up or down, so does your reimbursement to reflect those costs. If you live in an area with higher insurance rates, you receive more.

So long as you drive the standard vehicle your employer chooses as the standard used to calculate your reimbursement, you will break even. No matter where you live or how much you drive.

The benefit is that you can now take that reimbursement and apply it toward a more expensive vehicle if you don't mind picking up the difference. Or, you can apply it toward a less expensive vehicle and make money on the program, if your employer allows you to do this. Note that if you do this, some of the extra money may be taxed as income, understandably.

I've been working for big pharma my entire career and have been on this program for many years. Trust me, it's fair. If you don't think so, you don't understand the program.

It's not intended to provide extra income, it's a REIMBURSEMENT. If you think it's costing you money, either you don't understand the program OR you have chosen to drive something that cost more to own and operate than the standard automobile.

Either way, I prefer the flexibility to drive what I want. I spend enough time behind the windshield as it is. I would rather be in something that's a little nicer and more comfortable than the kind of car that most pharma companies provide.

I'll take this program any day over a company provided fleet car!
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  #27  
Old 12-09-2009, 04:24 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Last time I checked we are Rep-type of car sales reps.

Be reasonable when you switch from a company car to your own car and make a solid financial decision and you will be OK.

Do most of us realize that after pay, bonus, and benefits we make more than most of the PharmD's and newer ID's that are so important to our business.

If you want to drive a Mercedes for your self-esteem and image problems go ahead but don't bitch like it is deserved....your a drug rep, just like the rest of us!

I suppose you acquired a taste for Gray Goose and Golf since becoming a rep as well?
Drive a Mercedes , drink premium booze, have played golf since I was a kid. You must be buried in student loans, paying child support or just someone who grew up as a po' folk. Your customers drive nice cars, drink good booze and play golf. Why shouldn't you?
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  #28  
Old 12-21-2009, 02:55 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Most reps get an Impala thesedays..and are required to wear hosiery in it everyday.
So hows that for a life!
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  #29  
Old 01-30-2010, 10:26 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

its all good
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  #30  
Old 03-19-2010, 12:56 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Great answer to this from the prior poster. Have they decided to increase the car allowance? Just went shopping, and just an average honda or toyota is quite expensive these days.
Will the company allow an older vehicle with more miles that is still nice. (like a Tahoe or a Yukon). I would love to have the extra room.
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  #31  
Old 04-02-2010, 08:47 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

I drive a Cadillac Hearse
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  #32  
Old 04-03-2010, 01:25 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Last time I checked we are Rep-type of car sales reps.

Be reasonable when you switch from a company car to your own car and make a solid financial decision and you will be OK.

Do most of us realize that after pay, bonus, and benefits we make more than most of the PharmD's and newer ID's that are so important to our business.

If you want to drive a Mercedes for your self-esteem and image problems go ahead but don't bitch like it is deserved....your a drug rep, just like the rest of us!

I suppose you acquired a taste for Gray Goose and Golf since becoming a rep as well?
It is Obvious that you don’t drink premium alcohol because it is called “Grey Goose” not “Gray Goose”. There is nothing wrong with enjoying the finer things in life as long as you work for it. Have you ever heard the term “work hard and play hard”?
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  #33  
Old 04-03-2010, 04:23 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
When gas is $3.30 per gallon this is a shitty, repeat shitty plan. $650 per month and .48 cents a mile would be the ticket. Some device companies have plans like this.

If you want to break even, you'll have to drive a rep type of car under your plan.
Many Reps lose money It is the worst plan I have seen.
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  #34  
Old 04-12-2010, 12:52 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Can you drive a full size SUV on this plan? Ex. Expedition, Yukon Tahoe? How used/old can the car be? How many miles max. should you buy a used car? Didn't know if the company had guidelines? What about convertibles?
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  #35  
Old 04-13-2010, 09:57 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Many Reps lose money It is the worst plan I have seen.
You need to push the miles to break even. I drive about 800 miles a month but put in for 3000-3500 to cover my bill. This nets you about $1100 a month.
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  #36  
Old 04-14-2010, 03:08 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

What about mileage checks? Only been here under a year, and wondering if they check your miles. I want to get a convertable in the next year, but need to talk to my manager about guidelines for sports cars. Does anyone know?
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  #37  
Old 05-24-2010, 10:09 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

??
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  #38  
Old 06-06-2010, 09:45 AM
Anonymous
 
Posts: n/a
Banghead Re: Company Car

I am the rep in NYC- I have a SMART car and can park it in a key whole. It gets 34 city miles to a gallon and is 199 a month... I love this company, I heard the rep in Puerto Rico has a Vespa and is killing it with vehicle allowance plan!!! All you hillbilly's complaining about a car allowance are looking like fools wit your pants on the ground! Christ it is the worst economy in years and you are worried about a company car- IDIOTS!!!!
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  #39  
Old 07-19-2010, 09:39 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Been on the CRS Program for 3 years now. PRetty fair. Works pretty well for me.
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  #40  
Old 07-20-2010, 07:24 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

best deal i know in this industry !!
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  #41  
Old 10-21-2010, 10:54 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
best deal i know in this industry !!
Best deal? There are better deals, for certain. Genentech pays their reps about $800/month allowance.
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  #42  
Old 10-22-2010, 02:27 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Best deal? There are better deals, for certain. Genentech pays their reps about $800/month allowance.
Too cheap to pay that here.
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  #43  
Old 11-10-2010, 06:28 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

My car gets 17 miles a gallon, and I just learned that I am really upside down.
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  #44  
Old 01-06-2011, 10:30 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Nice try CRS employee on post #26.
If you really run the numbers any CRS reimbursement program is a money loser for the reps.
CRS makes it sound fair, but they present tainted info and leave out the downsides to the program.
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  #45  
Old 01-19-2011, 11:40 PM
Anonymous
 
Posts: n/a
Unhappy Re: Company Car

Who gives a flip about The Car Deal. When you have to work with/for a bunch of bipolar wachkos, it doesnt matter what ef'n car you're driving...your pathetic life will be miserable as these people do their thing which is run off ANY talent that threatens them and thier absolutlelty low levels of business sense and leadership ability!

Do yourself the greatest favor you could imagine - don't go to work for these assholes - EVER! They sing a very good song the first 3 months, then begin to show their Mr. Hyde side very quickly. They will make you feel lower than pond scum and if you complain, they'll cook up some BS with H.R. and fire you....it will be a horrible vocational experience, so just skip it and shop on!
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  #46  
Old 01-20-2011, 12:03 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Who gives a flip about The Car Deal. When you have to work with/for a bunch of bipolar wachkos, it doesnt matter what ef'n car you're driving...your pathetic life will be miserable as these people do their thing which is run off ANY talent that threatens them and thier absolutlelty low levels of business sense and leadership ability!

Do yourself the greatest favor you could imagine - don't go to work for these assholes - EVER! They sing a very good song the first 3 months, then begin to show their Mr. Hyde side very quickly. They will make you feel lower than pond scum and if you complain, they'll cook up some BS with H.R. and fire you....it will be a horrible vocational experience, so just skip it and shop on!
Looks like a disgruntled low performer that was fired is up late tonight replying to 4 year old posts. Get another job you miserable fuck and move on.
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  #47  
Old 01-21-2011, 01:01 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
I know this question is somewhat unimportant when you are making good money already but I am wondering if this is a company car or a car allowance position? It's not a deal breaker either way....i'm just getting a feel for the overall package. Thanks!
Good question and you should ask specifics about the program. It is a lousy reimbursement program. Do not get a nice car like I did. You will get screwed. My boss told me to buy new. Not a smart financial decision. It should be a deal breaker. I have already had someone run into me in a hospital parking lot. (Drove away so no police report..and I didn't report to insurance because it makes premiums go up and it shows up on car fax when you sell). Anyway 3K worth of damage. All out of my pocket. It would be a good deal if they gave you more per month. But I am upside down by about 400 a month.
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  #48  
Old 02-11-2011, 03:05 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Good question and you should ask specifics about the program. It is a lousy reimbursement program. Do not get a nice car like I did. You will get screwed. My boss told me to buy new. Not a smart financial decision. It should be a deal breaker. I have already had someone run into me in a hospital parking lot. (Drove away so no police report..and I didn't report to insurance because it makes premiums go up and it shows up on car fax when you sell). Anyway 3K worth of damage. All out of my pocket. It would be a good deal if they gave you more per month. But I am upside down by about 400 a month.
Who is your boss? That ring ding DJ??? Damage will show up when you sell via the VIN unless your shop doesn't report to the DMV. fyi.
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  #49  
Old 07-21-2011, 06:05 PM
Anonymous
 
Posts: n/a
Default Re: Company Car

It's not a bad deal. I'd ratehr driver what I want. They gonna keep raising the personal use charge on us. If you get a reasonable efficient car it works out.
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  #50  
Old 08-13-2011, 10:15 AM
Anonymous
 
Posts: n/a
Default Re: Company Car

Quote:
Originally Posted by Anonymous View Post
Who gives a flip about The Car Deal. When you have to work with/for a bunch of bipolar wachkos, it doesnt matter what ef'n car you're driving...your pathetic life will be miserable as these people do their thing which is run off ANY talent that threatens them and thier absolutlelty low levels of business sense and leadership ability!

Do yourself the greatest favor you could imagine - don't go to work for these assholes - EVER! They sing a very good song the first 3 months, then begin to show their Mr. Hyde side very quickly. They will make you feel lower than pond scum and if you complain, they'll cook up some BS with H.R. and fire you....it will be a horrible vocational experience, so just skip it and shop on!
So true!!! I just quit this year simply because of management which was a micromanaging maniac, who had no memory. The waste of time mandatory weekly calls with management were a repeat from week to week discussing accounts that had already been discussed. The every other week ride alongs were unproductive. Can we say alzheimer's or just being a jerk? Anyway, one of my customers got me the next job....so much happier.
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