# Company car

> Company-owned or leased vehicle assigned to a specific employee for business use.

**URL:** https://quilometragem.com/glossary/company-car

**Summary:** Company-owned or leased vehicle assigned to a specific employee for business use.

- A company car is a fleet vehicle assigned to a specific employee — typically executives or senior salespeople.
- Personal use (commute, weekend) generates a taxable fringe benefit computed by tax-authority formula (IRS Annual Lease Value Rule).
- Business mileage receipts split professional from personal use and reduce the fringe.

A company car is a fleet vehicle assigned to a specific employee — typically executives or senior salespeople. Personal use (commute, weekend) generates a taxable fringe benefit computed by tax-authority formula (IRS Annual Lease Value Rule). Business mileage receipts split professional from personal use and reduce the fringe.