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  • Company Vehicle Use Form 2020

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The company car fringe benefit should appear on your payslip/IRP5 under source code 3802. The monthly fringe benefit is calculated by taking the cost of your car multiplied by 3.25% (if there is a maintenance plan in place) or 3.5% (with no maintenance plan).

The employee authorizes the company to obtain and review the Motor Vehicle Record of the employee. The employee agrees to operate the vehicle in such a manner that will not expose the company to any out of the ordinary liability or risk.

They should: Drive safe and sober. Respect traffic laws and fellow drivers. If applicable, wear glasses or contacts when driving. Document any driving-related expenses, like fuels and tolls. Check their car regularly to ensure gas, tire pressure and all car fluids are at appropriate levels.

Usually the ticket is given to the driver. He is required to operate the vehicle in a safe manner… so LEGALLY he is reaponsible.. your company may pay the ticket if it is in your company policies.

“With that said, the general rule is if the ticket is against the company vehicle, the employer will usually have to pay the ticket. If the ticket is against the driver, then the employer generally will not be responsible for the ticket.”

Get Ahead by LinkedIn News. Companies often provide vehicles for their employees. Company cars reap several benefits, including access to transportation and low-cost branding and advertising. But with those benefits come trade-offs, including regular maintenance costs, increased liability and high upfront investment.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232