07 Apr What is a Corporate Fleet Vehicle?
A fleet 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.
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 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 corporate cars to your employees can also boost morale and a sense of convenience and comfort.