# Owned vehicle

> Vehicle owned by the employee or the company, without a lease contract.

**URL:** https://quilometragem.com/glossary/owned-vehicle

**Summary:** Vehicle owned by the employee or the company, without a lease contract.

- An owned vehicle is the employee's personal car (used for both personal and business) or a company-owned fleet car.
- When the employee uses their own car for business, they receive per-km reimbursement to refund cost.
- Using personal cars over a fleet eliminates fringe-benefit tax and simplifies administration.

An owned vehicle is the employee's personal car (used for both personal and business) or a company-owned fleet car. When the employee uses their own car for business, they receive per-km reimbursement to refund cost. Using personal cars over a fleet eliminates fringe-benefit tax and simplifies administration.