As businesses look to keep high-level employees happy, it seems that use of company cars can still be an effective method, although fewer companies are employing it. According to Businessweek, only about 25 percent of companies offer company vehicles as a perk, while less than half give allowances for employees to use their personal vehicles for work purposes.

The report says that one business still in the practice of handing out company cars is The Cheesecake Factory, which offers the benefit to top managers. And we're not talking about some econobox, either. The article indicates the restaurant chain hands out BMWs on a three-year basis – although the company's own report says that the type of vehicle "varies with the executive's level."

Still, we mostly agree with the article's conclusion that money is the best way to keep employees or attract new ones, even if a corporate car is a big perk. What do you think? Let us know, in the poll below, whether a company car could sway you to work for a certain company (not just the Cheesecake factory, where the "Glamburgers" portion of the menu alone is enough to keep a guy hanging around).



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    • 1 Second Ago
  • 28 Comments
      Jessie Louthan
      • 1 Year Ago
      I wouldn't turn down a free car! Free is free...
      Michael S
      • 1 Year Ago
      I'd rather have the equivalent amount in cash, so I can spend the money the way I want to. Same thing with company-subsidized parking. Health insurance, on the other hand, is a different issue; there's a lot of price uncertainty when buying insurance on a private market as an individual.
        manure
        • 1 Year Ago
        @Michael S
        You are forgetting taxes. That is why health insurance and cars are best provided through your employer.
      ngiotta
      • 1 Year Ago
      I work from home, so a company car would mean zero to me.
        EZEE
        • 1 Year Ago
        @ngiotta
        Yes - because having a free car, opposed to having to pay for a car and gas, would suck.
      diffrunt
      • 1 Year Ago
      Door to door office limo would be better.
      vereceleritas
      • 1 Year Ago
      I work at The Cheesecake Factory and my last general manager had one of these company cars. It was a brand new 2013 328i. This was on top of his 90-100K salary. He's been with the company a long time though and honestly he deserves it. Probably the best boss I've ever had at any job.
        Hampton
        • 1 Year Ago
        @vereceleritas
        Nice to hear a positive comment about someone else.I'll bet Your boss thinks very well of You also.
      mikoprivat
      • 1 Year Ago
      if they would give me a toyota or a honda, I would not be interested whatsoever in working for such a company...that would just simply offend my intelligence and lower my social status
      dea5787
      • 1 Year Ago
      I\'m such a car guy that I want to drive exactly the car that I want. Unless its that car, I dont really want it. Id rather have the cash instead. However, if the car was worth considerably more than the cash Id recieve in lieu, Id take the car, use that to commute in, and still purchase the car I really want and drive that on my days off, and at least Id have the car I want and be able to enjoy low mileage, maintenance on it, etc.
      matt_shift
      • 1 Year Ago
      I would forego the company car, pocket the bonus and go out and mod my current vehicle/buy a more unique used vehicle. Surprisingly, if a company offered me an unlimited data/free contract cellphone, I would be more interested in that. I guess I'd rather spend my money on cars instead of trivial electronics.
        Farmboy
        • 1 Year Ago
        @matt_shift
        The company my dad works for gives him both an F-550 and a cell phone as part of his deal. The F-550 is due to him being a mechanic. It really saves him a ton of money. He used to use his own truck for years. He only gets a basic cell phone, but that's fine. He doesn't even understand a computer, hardly. Calling people, caller ID, and voicemail is all he really wants/needs.
      CaddyV8
      • 1 Year Ago
      Depends. A BMW or something along those lines? Sure! A Prius? No thanks.
      Kristen
      • 1 Year Ago
      Not if it was an automagic. I'd shoot myself in the head first.
        Noah
        • 1 Year Ago
        @Kristen
        It was BMW that converted me to automatics. It's actually a lot nicer than their manual transmissions. Super quick shifting, shifts really aggressively (changes dynamically depending on how you're driving) and at exactly the right time... and if you feel like controlling it you can do that too. There is literally no drawback, only upsides. And in Sport mode, it locks... so you don't have any torque converter parasitic losses.
          SloopJohnB
          • 1 Year Ago
          @Noah
          Problem is that auto won't last 250k miles....
      brucec039
      • 1 Year Ago
      The car comes in lieu of cash, obviously. I had a Toyota 4runner as one years ago and I didn't make squat.
        EZEE
        • 1 Year Ago
        @brucec039
        @ Lord I just cracked $100K this year - and I have a company car. This works for me.
        • 1 Year Ago
        @brucec039
        [blocked]
      sir
      • 1 Year Ago
      Company car could be nice to have ... just gotta watch out for hop-ons!
        sir
        • 1 Year Ago
        @sir
        http://images1.wikia.nocookie.net/__cb20130123233851/arresteddevelopment/images/0/03/2x12_Hand_to_God_(56).png
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