Runheimer sucks

[anonymous]

OMG. What a joke!! The reimbursement amount is a "Barely breakeven" fixed rate.

It you get a vehicle of $24k you are screwed. The Fixed Rate barely covers the monthly car payment and insurance much less anything else. The Variable rate is .18 cent and you are forced not to drive very much in order NOT to go over the yearly mileage caps. UGH.

 

[anonymous]

OMG. What a joke!! The reimbursement amount is a "Barely breakeven" fixed rate.

It you get a vehicle of $24k you are screwed. The Fixed Rate barely covers the monthly car payment and insurance much less anything else. The Variable rate is .18 cent and you are forced not to drive very much in order NOT to go over the yearly mileage caps. UGH.

don't forget wear and tear and maintenance costs. Your 150k is now 125k

 

[anonymous]

OMG. What a joke!! The reimbursement amount is a "Barely breakeven" fixed rate.

It you get a vehicle of $24k you are screwed. The Fixed Rate barely covers the monthly car payment and insurance much less anything else. The Variable rate is .18 cent and you are forced not to drive very much in order NOT to go over the yearly mileage caps. UGH.

This is what we have been saying for years. You most definitely don't break even when you factor in wear and tear and also have to get a new car after 4 years. Never understood why anyone would want to drive their own car when it is such an expense

 

[anonymous]

if you buy a car that is typical of the pharma industry you will break even or do better.
it is not hard to figure this out. it is absolutely a better deal then getting what the company gives you. the only negatives are you have to have the down payment, do the work of finding a car and selling the car when it reaches the 4 year mark. good luck

 

[anonymous]

OMG. What a joke!! The reimbursement amount is a "Barely breakeven" fixed rate.

It you get a vehicle of $24k you are screwed. The Fixed Rate barely covers the monthly car payment and insurance much less anything else. The Variable rate is .18 cent and you are forced not to drive very much in order NOT to go over the yearly mileage caps. UGH.

The Hospital division got screwed.

 

[anonymous]

I love the program!!

 

[anonymous]

if you buy a car that is typical of the pharma industry you will break even or do better.
it is not hard to figure this out. it is absolutely a better deal then getting what the company gives you. the only negatives are you have to have the down payment, do the work of finding a car and selling the car when it reaches the 4 year mark. good luck

Financial it is NOT a better deal. The 5k that is taxed = 3200.00. That amount covers the finance charges over the four-year period and the first partial month that you miss out on. Unless you do a lot of driving, you will not come out ahead. You must claim 25% of your miles as personal miles and not go over the yearly mileage cap so your vehicle / you stay "compliant".
When you add up the individual costs (i.e. monthly payment, plus monthly auto insurance premium, $50.00 for wear-n-tear - maintenance, etc.), you are losing money. Maybe your big bonus checks are used to cover the additional expenses? You are not allowed to write anything off from your taxes and are you really going to have enough to surpass the AGI minimums?

 

[anonymous]

Financial it is NOT a better deal. The 5k that is taxed = 3200.00. That amount covers the finance charges over the four-year period and the first partial month that you miss out on. Unless you do a lot of driving, you will not come out ahead. You must claim 25% of your miles as personal miles and not go over the yearly mileage cap so your vehicle / you stay "compliant".
When you add up the individual costs (i.e. monthly payment, plus monthly auto insurance premium, $50.00 for wear-n-tear - maintenance, etc.), you are losing money. Maybe your big bonus checks are used to cover the additional expenses? You are not allowed to write anything off from your taxes and are you really going to have enough to surpass the AGI minimums?

Anyone that thinks they make out with the car allowance program needs to learn to use a calculator. Then they need to calculate all the costs associated and they will see how they are losing money. You actually buy the bullshit the company gives tells you about how it's to your advantage? I'm afraid not my friend. Bend over cause your getting screwed. Like I said before. Your $150k is now $125k

 

[anonymous]

you must have bought a car over 28K or you have a mnk car that needs to be turned in and you have buy your own car now.
you are easily ahead if you buy the pharma equivalent car.
the 5 k is a gift. no one at cadence was afforded that benefit.
Or maybe your division has a different car plan because the one we are in works fine minus the hassle of putting up your own money and having to sell your own car. on the flip side i have the freedom to drove what i want. small point you dont pay the $200 a month ($2400 a year) they take out of your check for incidental private use of a company car.

I am much happier buying my own vehicle. I hated the dreaded do you want a white Taurus or a white Outback option

 

[anonymous]

you must have bought a car over 28K or you have a mnk car that needs to be turned in and you have buy your own car now.
you are easily ahead if you buy the pharma equivalent car.
the 5 k is a gift. no one at cadence was afforded that benefit.
Or maybe your division has a different car plan because the one we are in works fine minus the hassle of putting up your own money and having to sell your own car. on the flip side i have the freedom to drove what i want. small point you dont pay the $200 a month ($2400 a year) they take out of your check for incidental private use of a company car.

I am much happier buying my own vehicle. I hated the dreaded do you want a white Taurus or a white Outback option

So I go out and spend 28k on a car, I put down the 5k that they give me (before I pay tax on it) my loan is 23k. I finance it over the 4 years that I keep the car my payment at 2.9% interest (pretty fair interest rate) my payment is approx $500/mth. I pay for insurance for my car, high insurance rate state but 0 accidents, 0 points, licensed for greater then 20 years. My insurance is roughly $125/mth. I drive around 2000 miles per month (pretty good estimate) at 22 miles per gallon with an average gas price of 1.89 per gallon (pretty close to national average right now) approx $172.00 for gas per month. my car now costs me approx $800 and that's not including wear and tear, maintenance, car wash etc. Youre not getting anywhere near $800 reimbursement, an the numbers I gave were pretty fair estimates. Tell me again how great it is to drive your own car? Oh yeah I spend $28k on my car so I'm driving a stripped down Toyota Camry, Honda Accord, Kia Optima? Yeah I'll take the hunter green Ford Taurus for free. Thanks

 

[anonymous]

white outback, green taurus, purple whatever I'm good with either one thank you very much. No headaches no hassles no maintenance you lose your job you give them back the car no payments to worry about. Still don't get this Thing about having whatever you want nothing stops you from buying it on the side. Residual values of american cars is garbage so you pay for it in the lease meaning you lose. Japanese cars decent residual higher upfront cost still limited though.

Mileage goes fast real fast when you're driving unless of course you're not!!!!

 

[anonymous]

So I go out and spend 28k on a car, I put down the 5k that they give me (before I pay tax on it) my loan is 23k. I finance it over the 4 years that I keep the car my payment at 2.9% interest (pretty fair interest rate) my payment is approx $500/mth. I pay for insurance for my car, high insurance rate state but 0 accidents, 0 points, licensed for greater then 20 years. My insurance is roughly $125/mth. I drive around 2000 miles per month (pretty good estimate) at 22 miles per gallon with an average gas price of 1.89 per gallon (pretty close to national average right now) approx $172.00 for gas per month. my car now costs me approx $800 and that's not including wear and tear, maintenance, car wash etc. Youre not getting anywhere near $800 reimbursement, an the numbers I gave were pretty fair estimates. Tell me again how great it is to drive your own car? Oh yeah I spend $28k on my car so I'm driving a stripped down Toyota Camry, Honda Accord, Kia Optima? Yeah I'll take the hunter green Ford Taurus for free. Thanks

I completely agree! I would definitely prefer having a company car any day!

 

[anonymous]

i disagree.

if you drive 2200 miles a month assume a cost of $240 if gas is $2 and your get 22 mpg. runz pays you about 20 cents a mile for gas or a variable runz reimbursement of another $440. I will assume about $600 a month for the mid range runz fixed monthly payment and with the variable you are at $1040 a month.
So your monthly expenses are $600(i raised yours $100 to be more accurate) car payment, $200 gas, $125 insurance (that is real high)and $60 (cost of replacing all four tires and brakes one time and all the oil fluids and car washes you want $60 over 48 months is 3 k).
Monthly costs are $985 and runz pays you $1040 ($600 fixed/440 variable ie gas). So a positive monthly difference of $55 or $2640 over 4 years. 55X 48 months
Plus in 4 years you sell the car for approx 12k and you dont pay $2400 annually pre tax to mnk for personal miles
Therefore, you just made 12 k +2.4k + 8 k or 22k after tax in 4 years. Its like magic and in four years you just paid cash for your next car. Of course, this requires you acknowledge the cash inflow and save it each month.
Keep in mind you wont get the 5 k next time so reality is more like 7k on the car plus the 8k you dont pay the company out of your pay check each month over 4 years if they owned it and of course the $2640

 

[anonymous]

i disagree.

if you drive 2200 miles a month assume a cost of $240 if gas is $2 and your get 22 mpg. runz pays you about 20 cents a mile for gas or a variable runz reimbursement of another $440. I will assume about $600 a month for the mid range runz fixed monthly payment and with the variable you are at $1040 a month.
So your monthly expenses are $600(i raised yours $100 to be more accurate) car payment, $200 gas, $125 insurance (that is real high)and $60 (cost of replacing all four tires and brakes one time and all the oil fluids and car washes you want $60 over 48 months is 3 k).
Monthly costs are $985 and runz pays you $1040 ($600 fixed/440 variable ie gas). So a positive monthly difference of $55 or $2640 over 4 years. 55X 48 months
Plus in 4 years you sell the car for approx 12k and you dont pay $2400 annually pre tax to mnk for personal miles
Therefore, you just made 12 k +2.4k + 8 k or 22k after tax in 4 years. Its like magic and in four years you just paid cash for your next car. Of course, this requires you acknowledge the cash inflow and save it each month.
Keep in mind you wont get the 5 k next time so reality is more like 7k on the car plus the 8k you dont pay the company out of your pay check each month over 4 years if they owned it and of course the $2640

Also, that's if you don't get laid off like the OSS reps that had to eat those car payments even before they made their first payment. They got screwed on the deal

 

[anonymous]

i disagree.

if you drive 2200 miles a month assume a cost of $240 if gas is $2 and your get 22 mpg. runz pays you about 20 cents a mile for gas or a variable runz reimbursement of another $440. I will assume about $600 a month for the mid range runz fixed monthly payment and with the variable you are at $1040 a month.
So your monthly expenses are $600(i raised yours $100 to be more accurate) car payment, $200 gas, $125 insurance (that is real high)and $60 (cost of replacing all four tires and brakes one time and all the oil fluids and car washes you want $60 over 48 months is 3 k).
Monthly costs are $985 and runz pays you $1040 ($600 fixed/440 variable ie gas). So a positive monthly difference of $55 or $2640 over 4 years. 55X 48 months
Plus in 4 years you sell the car for approx 12k and you dont pay $2400 annually pre tax to mnk for personal miles
Therefore, you just made 12 k +2.4k + 8 k or 22k after tax in 4 years. Its like magic and in four years you just paid cash for your next car. Of course, this requires you acknowledge the cash inflow and save it each month.
Keep in mind you wont get the 5 k next time so reality is more like 7k on the car plus the 8k you dont pay the company out of your pay check each month over 4 years if they owned it and of course the $2640

You're fucked up. Nothing you said is accurate at all. The very best you can hope for is to barely break even. Many of us have used Runz for many years and no one makes money and your estimates of repairs and breakdowns is unrealistic. It is much better to have a company car. No question. The company knows this and it is far cheaper to do this than provide company cars. I have no understanding why you defend Runz

 

[anonymous]

I've had Runz with the last two companies and believe me, I have carefully r corded everything and I have taken a loss. This has been confirmed by accountant and he tells me to find a company with a company car! This company is too cheap to give company cars.

 

[anonymous]

i disagree.

if you drive 2200 miles a month assume a cost of $240 if gas is $2 and your get 22 mpg. runz pays you about 20 cents a mile for gas or a variable runz reimbursement of another $440. I will assume about $600 a month for the mid range runz fixed monthly payment and with the variable you are at $1040 a month.
So your monthly expenses are $600(i raised yours $100 to be more accurate) car payment, $200 gas, $125 insurance (that is real high)and $60 (cost of replacing all four tires and brakes one time and all the oil fluids and car washes you want $60 over 48 months is 3 k).
Monthly costs are $985 and runz pays you $1040 ($600 fixed/440 variable ie gas). So a positive monthly difference of $55 or $2640 over 4 years. 55X 48 months
Plus in 4 years you sell the car for approx 12k and you dont pay $2400 annually pre tax to mnk for personal miles
Therefore, you just made 12 k +2.4k + 8 k or 22k after tax in 4 years. Its like magic and in four years you just paid cash for your next car. Of course, this requires you acknowledge the cash inflow and save it each month.
Keep in mind you wont get the 5 k next time so reality is more like 7k on the car plus the 8k you dont pay the company out of your pay check each month over 4 years if they owned it and of course the $2640

of those 2200 miles that you drive Runz will only pay you on 1650 of them, they will claim the rest as personal miles, so your $440/mth reimbursement just went down to $330. The $600 you think you'll get from Runz will really be more like $525 so thats another $75 off your "profit". The $200 for gas will really be more like $260 once prices go up because summer time is coming so thats another $60 off your profit. Your actual maintenance costs for oil changes, tires, brakes, car washes is closer to $125/mth so thats another $65 off your profit margin. So at this point your $55 profit just turned into a $255 loss per month. Multiply that by 48 mths is a $12240 loss for the 4 years.
Your 4 year old, $28k striped down honda accord with now 88,000 miles is worth roughly $7500 retail which means you'll get approx $5k when you trade it in. So that drops your $12,240 loss to $7240. Not to mention thats assuming that you don't have anything major go wrong with the car or you don't get t-boned while going thru an intersection. You'd rather go thru all this so you can drive a black striped down Honda Accord instead of a White Ford Taurus? I think you are bat shit cray cray but i guess we all have our downfalls considering we still work in this shit hole.

 

[anonymous]

If you are so completely lazy to trade in a car and forfeit 5k i doubt you have any handle at what your actual costs ie brakes, tires, oil are over the life of the car
Variable rate for gas/miles. You should look up the word
25% of all miles are automatically made personal is a complete fabrication. again business miles entered times variable rate gives you the variable reimbursement. Not minus 25% off
Fixed rate is whatever runz gave you. Range is about $500-$625 depending on zip code. the lower the amount usually denotes less depreciation cost vs those with high fixed rate.
Why would you say7k over 4 years in maintenance unless you really dont know what you are talking about. You blow a transmission!

i get it you want a company car and so simply math concepts become blurry. Maybe the govt should buy everyone a car.

Id like a smart car please.

 

[anonymous]

If you are so completely lazy to trade in a car and forfeit 5k i doubt you have any handle at what your actual costs ie brakes, tires, oil are over the life of the car
Variable rate for gas/miles. You should look up the word
25% of all miles are automatically made personal is a complete fabrication. again business miles entered times variable rate gives you the variable reimbursement. Not minus 25% off
Fixed rate is whatever runz gave you. Range is about $500-$625 depending on zip code. the lower the amount usually denotes less depreciation cost vs those with high fixed rate.
Why would you say7k over 4 years in maintenance unless you really dont know what you are talking about. You blow a transmission!

i get it you want a company car and so simply math concepts become blurry. Maybe the govt should buy everyone a car.

Id like a smart car please.

I'm glad to see that you don't know how to do simple math. Even considering you have a calculator on your phone. Your $7500 value of your shitbox Honda that you are trading in for 5k is giving up $2500 not 5k like you stated. The personal mileage that Runzheimer denotes is 25%. They consider driving from your home to your first office personal mileage as well as driving from your last office to your house. That's how they justify the 25%. Finally $125 a month for expenses for 58 months is 6k not 7k. So when you learn how to do simple math maybe someone will give you a smart car. Until then head back to 3rd grade.

 

[anonymous]

You are endlessly annoying. Keep hating Runz and Hondas as it seems to work for you. I drive a Ford and it has a sunroof and all the regular things that a pharma car has.
100% of business miles are reimbursed. Try actually reading the policy and comprehending the words for yourself.
Once you actually buy yourself a car and receive the reimbursement you will feel better about the entire experience. I understand trying new things can be very scary.

If this process makes you so angry how are you handling Ofirmev sales, working with CAS and doing dinners. Bet you are a real peach.