A company car is highly advantageous for several reasons. For many people around the world working in a good and reputed company, owning and traveling in a vehicle is part of their everyday life. Vehicles are indeed one of the most essential requirements in today’s world. Well, most companies these days are in agreement with this that they have come up with new job benefits that help employees stay up to their tasks. A vehicle is necessary for various purposes related to a business or a company. A company car comes in handy to both employers and employees in such situations.

Given below are some of the advantages and disadvantages of having a company car.

The advantages of a company car

Like mentioned earlier, a company car comes in loaded with hundreds of benefits. The primary and most important one is that it allows an employee to drive around in a vehicle that is not his/her own. There are many people who find it hard to buy a car of their own under the present economical situation. However, they would be among those few people who are apt for a particular kind of job set up by the company. Here, the company wouldn’t want to lose a valuable employee due to a trifling reason of not owning a car. Hence they bring a solution in the form of a company car!

Taxable Fringe Benefits

Well, you probably might be aware of the taxable fringe benefits of a company car. The time that you spend using the vehicle for non-business purposes is considered a fringe benefit. For instance, you will be commuting to and from your office every day; you will run your vehicle for your personal needs, etc. All these come under fringe benefits. As you can see, traveling from home to your workplace or your office is not an actual part of your job profile. Hence, in such situations, a company car comes real handy and helps you save a lot of money.

No need to purchase another car

Another advantage of a company car is that it eliminates the need for the employee to buy or maintain another vehicle for their more personal needs. You can save a lot of money on mileage, gas, as well as maintenance and repair if you are having a company car at your disposal.

That being said, there are certain disadvantages of company cars as well, which you might need to look into. For instance, one of the drawbacks of company cars is that you do not get to choose the type of car. As mentioned earlier, the cars are handed out by the company to the employee directly. So you will most likely have limited choices as to the model, brand and color of the car that you are being provided with. Also, in some cases, the vehicles may be more suited for work activities. For instance, you would be provided with a truck or a van; however, these are not much preferred for private activities and leisure.

Today, each one of the largest car manufacturers, offers great pricing options for the different company car (interesting to know is that the Danish term is Leasing af firma bil) models. To learn more about company car leasing click here

Today, each one of the largest car manufacturers, offers great pricing options for the different company car models. For more information visit this URL http://www.toyota.dk/toyota_in_business/intro.tmex

Author Bio: Today, each one of the largest car manufacturers, offers great pricing options for the different company car (interesting to know is that the Danish term is Leasing af firma bil) models. To learn more about company car leasing click here

Category: Automotive
Keywords: car leasing tips, car leasing, car leasing advice