Resolved Question
Question about company cars?
when you are issued a company car do you have to pay for the insurance and tax or does the company do that?
Best Answer - Chosen by Asker
The company pays for that - along with maintenance costs.
Some companies pay for gas for business and personal use. Others pay for gas only for business use.
Most companies restrict who can drive the company car. Most will allow the employee and spouse only. So, if you are single...only the employee can drive the car.
Since the company is paying for insurance....there are a couple of things that will get your fired:
1. A DUI. Many will fire you if you get a DUI not driving the company car. It's a pretty safe bet you'll get fired if you get a DUI in the company car.
2. Allowing any one else to drive your company car. If the company allows you and your spouse...that's it. No one else can drive it.
My company does not get too upset about the occasional speeding ticket. Those happen when you drive a lot. But the company won't pay your ticket. You have to do that yourself.
Some companies pay for gas for business and personal use. Others pay for gas only for business use.
Most companies restrict who can drive the company car. Most will allow the employee and spouse only. So, if you are single...only the employee can drive the car.
Since the company is paying for insurance....there are a couple of things that will get your fired:
1. A DUI. Many will fire you if you get a DUI not driving the company car. It's a pretty safe bet you'll get fired if you get a DUI in the company car.
2. Allowing any one else to drive your company car. If the company allows you and your spouse...that's it. No one else can drive it.
My company does not get too upset about the occasional speeding ticket. Those happen when you drive a lot. But the company won't pay your ticket. You have to do that yourself.
Source(s):
There are currently no comments for this question.
Other Answers (2)
- The company pays for everything with a company car, including insurance, road tax, servicing, tyres etc, the only thing you will have to pay for is the extra income tax you will have to pay on your earnings as a company car is classed as a benefit, so look to pay around an extra £4000 to £6000 extra in income tax out of your salary for having a company car
- Company has you 100% covered.
You can even just have liability only as your current insurance.
If you wreck the car - the company will pay.
Call HR to verify this - some companies may be different.
/
No comments:
Post a Comment