company car

A company car is a vehicle which companies or organisations lease or own and which employees use for their personal and business travel. Take-home vehicle is a vehicle which can be taken home by company employees. Depending on the company, company cars may be available to all employees or just top level personnel.In corporate car sharing, the company shares the vehicles and allows multiple employees (rather than just one) to make use of a company car, at times when they actually need it. The vehicles are made available from a corporate car sharing pool, and shared for a fixed or flexible period of time. One shared car could replace up to 8 non-shared cars. However, car-sharing does involve additional processing and associated costs. Still, it reduces fleet-related costs over the long term and allow employees to save not only on costs but also on time.

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