I was much earlier than you guys. My recollection in the 70s is that 3,000 miles was the minimum for release from the company car program. The discount was about 10% on the base price and 18% on options. We used those as rough estimates to figure out about what a company car would cost at the end of service. The real deal - as mentions - was the “last round” company cars. Discount was about an additional 10% for last round, plus an additional 10% if the car was high mileage last round. The last round cars often stayed in service for an extended time while waiting for the new model year cars to replace them. Many of us would get a last round corvette - finance 100% through GMAC - drive the car for 1 year - and make $$ flipping it.
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