Company Vehicle
Quick definition
A company vehicle is a vehicle an employer owns or leases and provides for work.
Full definition
A company vehicle is a car, truck, van, or other vehicle a business makes available for employees to use. Examples include delivery vans, service trucks, and cars assigned to sales representatives.
The employer generally handles costs such as lease payments, insurance, and maintenance. A vehicle may be assigned to one employee or shared among several.
Company policy determines who can drive the vehicle and whether personal use is allowed.
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