What is a company car?

A company car is a vehicle issued by an employee. Company can be issued for any reasons, for example to serve as a bonus or as another compensation employees. They can also be issued because they are an essential tool for completing employment.

The highest level, managers or others at a relatively high position in the company can be issued a company car. If this happens, the car is usually issued as a form of bonus or compensation. The car remains in the name of the company and the company is the owner, but the employee to whom the car is issued is entitled to drive it. This is a form of compensation, but it is not taxable, so it can be a great motivation. The company also pays for insurance and usually also for maintenance and repair on the car, although an IS employee usually responsible for his own gas. In many situations, managers and other employees can choose a car rental car, although they may have to change cars regularly. Automatic stores alsoThey normally issue company cars to employees.

other industries can also provide employees with a company car, although their business model or purpose does not include vehicles. In some large cities, a company car is also published. In New York, for example, their company is offered many high -level executives.

The company can also issue a company car employee if the vehicle is required to perform its work. For example, a limousine driver can drive a car owned by the company by performing the main part of his work. In this context, an employee generally has no right to use the vehicle for its personal use and is limited to the use of a vehicle for specified business purposes.

A company that releases more companies company usually buys fleet fuse to secure the vehicle. But this is optional. In most cases, the employer also has the possibility oft to secure each vehicle individually.