Car allowance… It sounds like something your parents used to give you as a kid so that you could save up money and, one day, buy your first car. But when we talk about car allowance as fully-grown adults, we’re talking about something quite different. Car allowance is a sweet little agreement between you and your employer, so if you were lucky enough to score it, then congrats! So, all you have to do now is find out how it works and find a car that you love!
Car allowance is a set amount offered to you by your employer to contribute to the use and expense of a motor vehicle (aka car). And there are no limits or restrictions on how you use the car, whether it be for work or personal use. Sounds like a dream?