[Question] Is anyone expensing the E63S as their company car?
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Joined: Jun 2015
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2013 GL350
[Question] Is anyone expensing the E63S as their company car?
Just curious... I've always wondered if we can expense a car like an AMG as a work car, or even as a car for a superstar salesman (incentives)?
We have about 15 company cars for some of our employees, but most are corolla's and what not.
I have 3 superstar salesmen (each one bringing over $15M CAD/year in revenue) and thought it would be nice to give them an AMG as a bonus company car.
I myself have one booked (stuck at port) but I paid it from my personal accounts.
I will ask our accountant but thought to see if any fellow business owners are having the same thinking here.
We have about 15 company cars for some of our employees, but most are corolla's and what not.
I have 3 superstar salesmen (each one bringing over $15M CAD/year in revenue) and thought it would be nice to give them an AMG as a bonus company car.
I myself have one booked (stuck at port) but I paid it from my personal accounts.
I will ask our accountant but thought to see if any fellow business owners are having the same thinking here.
MBWorld Fanatic!
Joined: Jul 2013
Posts: 2,591
Likes: 809
From: Toronto, Ont, Canda
go fast grocery getter wagon
You are a very generous boss.
Instead of giving your top sales dogs the car, maybe they feel more useful if you give them a luxury vacation (all expenses paid) for their families or just added onto their annual bonus cheque. Reason being, not all guys like or care about high performance cars at all.
Instead of giving your top sales dogs the car, maybe they feel more useful if you give them a luxury vacation (all expenses paid) for their families or just added onto their annual bonus cheque. Reason being, not all guys like or care about high performance cars at all.
MBWorld Fanatic!
Joined: Jul 2004
Posts: 1,276
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From: California
2018 E63S AMG, 2003 SLK 230 Sport, 2004 SL 600, 2006 SLK 55 AMG, 1998 E320 Wagon
You are a very generous boss.
Instead of giving your top sales dogs the car, maybe they feel more useful if you give them a luxury vacation (all expenses paid) for their families or just added onto their annual bonus cheque. Reason being, not all guys like or care about high performance cars at all.
Instead of giving your top sales dogs the car, maybe they feel more useful if you give them a luxury vacation (all expenses paid) for their families or just added onto their annual bonus cheque. Reason being, not all guys like or care about high performance cars at all.
Super Member
Joined: Dec 2014
Posts: 842
Likes: 64
From: Northern NJ
2015 E550 Coupe
Just curious... I've always wondered if we can expense a car like an AMG as a work car, or even as a car for a superstar salesman (incentives)?
We have about 15 company cars for some of our employees, but most are corolla's and what not.
I have 3 superstar salesmen (each one bringing over $15M CAD/year in revenue) and thought it would be nice to give them an AMG as a bonus company car.
I myself have one booked (stuck at port) but I paid it from my personal accounts.
I will ask our accountant but thought to see if any fellow business owners are having the same thinking here.
We have about 15 company cars for some of our employees, but most are corolla's and what not.
I have 3 superstar salesmen (each one bringing over $15M CAD/year in revenue) and thought it would be nice to give them an AMG as a bonus company car.
I myself have one booked (stuck at port) but I paid it from my personal accounts.
I will ask our accountant but thought to see if any fellow business owners are having the same thinking here.
Even back then, there were LOTS of very strict IRS rules that had to be followed for the car to qualify as a legitimate business expense. That was in the early 2000's. The IRS rules have become much more restrictive since then with hard caps on the dollar value of the business vehicles. So definitely have your CFO do a deep dive into what the Canadian government has regarding business expenses of high-end vehicles. Also make sure the people you intend to reward with such a car will actually appreciate it.
Senior Member
Joined: Apr 2010
Posts: 305
Likes: 57
From: Charlotte, NC
20 Lamborghini Urus, 2021 G63
I'm in sales and personally write my AMG mileage off and I'm a W-2 Employee, I would look at the difference in giving him a car/lease allowance vs a bonus on a car being taxed the hell out of it. Definitely consult your accountant! BTW, what type of sales and are you hiring, lol?
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Joined: Nov 2007
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E63 AMG, E60 M5
Just curious... I've always wondered if we can expense a car like an AMG as a work car, or even as a car for a superstar salesman (incentives)?
We have about 15 company cars for some of our employees, but most are corolla's and what not.
I have 3 superstar salesmen (each one bringing over $15M CAD/year in revenue) and thought it would be nice to give them an AMG as a bonus company car.
I myself have one booked (stuck at port) but I paid it from my personal accounts.
I will ask our accountant but thought to see if any fellow business owners are having the same thinking here.
We have about 15 company cars for some of our employees, but most are corolla's and what not.
I have 3 superstar salesmen (each one bringing over $15M CAD/year in revenue) and thought it would be nice to give them an AMG as a bonus company car.
I myself have one booked (stuck at port) but I paid it from my personal accounts.
I will ask our accountant but thought to see if any fellow business owners are having the same thinking here.
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