This system is overall so nice for everyone involved.
Middle earners drive new cars. Those cars are regularly i spected and repaired. Then sold. Obviously your milage might vary (some sales representatives drive a lot every day), but often those cars are nice.
Cars coming back from lwasing, if bought with a new warranty, are great value. Especially after Covid, those 2020/2021 model years tend to have incredible low millage.
>Lease cars as part of your work comp are relatively common in the tech sector here.
It's not treated as income by the tax authorities? If so, I'd rather have them hand me cash instead so I can get the car I want, and won't be out of a car when I'm laid off/quit.
In Belgium and Luxembourg, it's considered as taxable benefit and the amount is based on the type of car.
You usually end up paying 200-300 €/month as tax directly deduced from your salary but for that amount you have a new car with all the servicing included, even tires.
A few years ago, it was part of the standard salary package for many companies in IT so you weren't really without a car when leaving.
Some places where strict on the kind of car you can have (small cars for junior, Mercedes for management) but other places just provided you with a monthly budget so you could get whatever you want. You could also pay the difference to have a better car.