A fleet company vehicle is a type of car that was owned or leased by a business, government agency, or other organization.
Employers have two options for providing for their mobile workers: offering company-provided vehicles (fleets) or reimbursing employees for the business use of their personal vehicles. While both programs offer many distinct benefits, there are times when offering company vehicles makes the most sense.
Your employees will like enormously the fact of having an enterprise-owned automobile to use and since it will give them more autonomy in their work. This will be a large plus for your company given that your fleet company cars can also be used as added advertising by putting your logo on their sides, you can flip your fleet of cars into rolling billboards for your business.
With company-provided vehicle programs, employers have full control over the vehicles that employees drive. They own and manage every fleet vehicle. This means they also manage employees’ insurance coverage and the upkeep of the company cars. They are able to choose vehicle safety features that their company finds important.
- There are no physical differences between normal and fleet company cars.
- The only way to distinguish them is by looking at the owner and how the car is used.
- Some of the benefits of fleet cars are price discounts, better lease options, convenience for employees, and additional advertising.
- Providing a corporate fleet vehicle to your employees can also boost morale and a sense of convenience and comfort.
It also places much less burden on the individual driver, because the company is liable for many things such as payments, financing, and insurance instead of them. Due to the fact fleet cars are company-owned, there also can be tax deductions and reduced prices per acquisition.