Ask Bark: Is The General's Benefit Worth the Pain in the Tax?

An anonymous GM employee writes:

I have a field role with General Motors that affords me the luxury of driving (mostly) anything in The General’s portfolio. I can choose from any brand except Cadillac, and can’t drive a Corvette or pickup (because of retail demand and limited supply). I’m 22 with student debt down into the low four digits. GM pays for gas, insurance, and incidentals like oil changes and winter tires because I need a car to do my job. I live in a snow-heavy state where I’m expected to do around 30,000 miles a year for business travel alone. Finally, I switch out cars every four months because that means it remains eligible for new vehicle incentives and programs when it’s sold back to the dealer at a big discount.

Here’s the catch: the vehicle is considered a taxable benefit.

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Who Wants To Lease A Chevy Cruze For Less Than A Gym Membership?

Leasehackr has a screaming deal on a 2016 Chevrolet Cruze Limited (the old body style) 1LT Automatic if:

1) You can sell it for more than $13,000 after two years;
2) You’re were a Costco Auto member before Sept. 30;
3) You can get $1,800 off of MSRP, or thereabouts;
4) Max incentives;
5) You’re a current lessee of another automaker;
6) You don’t mind driving a Chevrolet Cruze Limited 1LT Automatic for two years.

If you ticked every one of those boxes, congratulations! You can lease a 2016 Chevrolet Cruze for $40 or less*** per month for 24 months.

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  • Oberkanone Tesla license their skateboard platforms to other manufacturers. Great. Better yet, Tesla manufacture and sell the platforms and auto manufacturers manufacture the body and interiors. Fantastic.
  • ToolGuy As of right now, Tesla is convinced that their old approach to FSD doesn't work, and that their new approach to FSD will work. I ain't saying I agree or disagree, just telling you where they are.
  • Jalop1991 Is this the beginning of the culmination of a very long game by Tesla?Build stuff, prove that it works. Sell the razors, sure, but pay close attention to the blades (charging network) that make the razors useful. Design features no one else is bothering with, and market the hell out of them.In other words, create demand for what you have.Then back out of manufacturing completely, because that's hard and expensive. License your stuff to legacy carmakers that (a) are able to build cars well, and (b) are too lazy to create the things and customer demand you did.Sit back and cash the checks.
  • FreedMike People give this company a lot of crap, but the slow rollout might actually be a smart move in the long run - they can iron out the kinks in the product while it's still not a widely known brand. Complaints on a low volume product are bad, but the same complaints hit differently if there are hundreds of thousands of them on the road. And good on them for building a plant here - that's how it should be done, and not just for the tax incentives. It'll be interesting to see how these guys do.
  • Buickman more likely Dunfast.