Call 1-800-595-5456 to speak to one of the pros! Or Chat Live now. Extra features and lightweight durability combine to make the ultimate luggage in the Travelpro Maxlite 4 series. Made of rugged Polyester fabric with water-resistant coating, which provides stain and abrasion protection for better durability.
A company car allowance is a predetermined sum paid to an employee as compensation for driving her own vehicle for business reasons. Companies use car allowances to minimize accounting costs. Once an employee has been allocated a car allowance, that amount is simply added to the employee's paycheck. For example, if the car allowance is $500 per month, this sum is paid to the employee via her paycheck.
If the used car manager sets the ACV of a vehicle at $10,000.00 and the customer receives a trade in value, or allowance, of $11,000.00 the customer has actually received a discount of $1,000.00 from the selling price of the vehicle they are purchasing. This is known as an over allowance. Any amount given to the customer as trade in allowance that is more than the ACV is an over allowance, which translates into a discount from the selling price. Now, let's go back to the trade in value and look at it from the perspective of your customer. First, it is their vehicle. They liked it enough to buy it.