Leasing lot, where are these cars going? (Photo: official site, Leasing)
The leasing market, which burst onto our roads in the late 1990s and reached its peak in the previous decade with the flourishing of high-tech companies and the standard of the status symbol in the form of a company car, has shrunk since the owners of the compact car realized how much they were paying for it, in value-in-use tax and in the reduction of provisions from the employer at the expense of the payment to the leasing company .
But despite the general reduction in the field and the volume of new cars going to the fleets, according to data published by the Tax Authority today, the compact car market is still here, with 316,000 employees who receive a compact car, 7% of the 93% of employees in Israel.
The data is based on the year 2020, and it is likely that since then the market has shrunk a little, but the trends have not changed.
Percentage of car buyers by sector and salary, where are you? (Photo: screenshot, Tax Authority)
Man, how about leasing?
Men versus women:
77% of the compact car recipients are men.
10.2% of renters have an attached car compared to only 3.4% of those renting.
Adults versus young people:
the average age of those who received an attached car was 46.4 years, compared to 39.1 among employees who did not receive an attached car.
The peak comes in the decade between the ages of 40 and 50: where 16% of the men get an attached car, compared to 6.2% of those renting.
The level of salary: the
absolute majority of recipients of attached vehicles are in the highest salary deciles.
The average gross salary (including imputation of the value of the use of the vehicle) among those who receive an attached car is 29.3 thousand shekels per month, compared to 9.3 thousand shekels per month among employees who do not receive an attached car.
In the lower deciles, there is almost no phenomenon of receiving an attached car from the employer.
Even in the 6th decile, that is, those who receive an average salary of about 8,000 shekels per month, the rate of those who receive an attached car is only 1 percent.
This is compared to the 10th decile and the highest, where the average monthly salary is about NIS 37,000, the average is about 35% of employees who receive an attached car, with 40% of men receiving an attached car compared to about 27% of women.
High tech versus everything else
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Who are the employees who received attached cars (photo: screenshot, Tax Authority)
Hi-tech and everything else
Breakdown by professions: The highest rates of recipients of attached vehicles were found in the sectors of information and communication services (14.7%), industry (13.5%), finance and real estate (10.3%), commerce (9.4%) and construction (9.2%). The lowest rates were found in the hospitality and food industries (1.4%), education (1.3%), health, welfare and relief (2.2% in each of the industries) and agriculture (3.6%). However, the Tax Authority refrains from detailing the proportion of state employees who receive an attached car as part of their salaries, compared to the employed In the private market. Be
that as it may, the data shows that an attached car is granted mainly to those with high wages, so an attached car is granted mainly to senior employees of the managerial level and without a direct relation to the operational need, multiple trips for work purposes. Favorable conditions, and not a work tool.
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