May be forced to sell my 16 Limited

Of course i can still afford the Taco. I now will have no need for it, because i'll be provided another truck + gas + maintenance + insurance

Edit: typo

 

The company provided F150 will not be skinned/badged/branded/contain any logos. It will look like any other truck. I can use it as if it were mine. That's why I won't "need" the Taco, as much as I love her.

 

Keep it. Never depend on the company for a ride. I have driven company trucks for over 20 years now and have always maintained a personal vehicle. I know it doesn't make sense financially as long as they are liberal with personal use. You'll keep miles off of yours and still own it. I have a 2016 Tacoma now that is almost a year old and less than 7,000 miles. I have a 2015 Ford company truck with almost 50,000 on it. Still happy I bought my truck and would do so again in a minute.

 

Yep nothing like having a low mileage personal vehicle when its paid for. Sometimes I just like driving my own.

 

sell it! Think about the money you'll be saving in a year or so without having to pay for insurance. You can always buy the same year truck or a new one when you need it.

 

Who is "Forcing" you?

 

Actually never mind... I don't care!

 

I'm in a similar situation. Work provided F150, I pay a monthly fee to the company for the use of it (way cheaper than owning anything). Wife drives the Tacoma. If anything happens, still have the taco.

Mike

 

the elimination of my vehicle ownership costs certainly is enticing.

 

Sell it. You bought a Tacoma because you wanted/needed a truck and transportation. You will now be given a truck/transportation. Last time I checked there isn't a shortage of Tacomas, if you find yourself wanting another one in a few years, or your situation changes, go buy another one. A few months of non-ownership will yield enough savings to cover the costs of selling the truck. If you want a Sunday car, go buy a Corvette or something. Why would you want to pay extra just to drive another smaller truck?!?!

 

So what happens if you get laid off or fired? Keep the Tacoma

 

Yup. It's a no brainer. If you get fired, get the first gen, if you get promoted get a v8. No need to get 2 trucks

 

Look, you're gonna get two different answers no matter what. Some people will say keep it, some will say get rid of it. It's your decision to make. However, I believe the logic behind the "keep" side is a little flawed. Take the "Toyota love" out of the equation and it seems pretty clear that you don't need the Tacoma. Assuming you're not hard core off-roading your Taco, There is nothing that a Tacoma does that an F150 can't do.

Logical solution:
1. Sell the Tacoma
2. Take your initial savings from not owning a truck and make a truck fund in case you get laid off or fired.
3. Drive the F150 like you stole it, enjoy the excess cash and enjoy the perks of a company car.

 

That's kind of like having two cell phones. I have one for work, one for personal use. When I'm off work, I'm off work. I have had a company truck for 15 years. Would not have it any other way. Keep it unless your are strapped for money. Only you know.

 

The bottom line here is: ALL COMPANY CARS are regulated by the BIG BROTHER-- AKA -the IRS.
If you feel you have a great deal (better than others) --don't get too used to it. The IRS will force "your" company to change their policy for the "company cars". This is a "hot-button" issue that the IRS watches employers like a hawk. I had company cars for 20 some years, with 3 different employers. it seemed like every other year or so the "company" would change their policy for vehicles. It never would get better --only worse.
With that thought in mind -- as one has said, see if they have any flexibility as to your "other" options.
If you truly really want to keep your truck, do so, if it will not cost you too much, if you want to sell it and move on, be patient and hold out for your "reasonable price".
Good luck!