Company cars have always been known to be a wildly popular reward with employees. If you expect your employees to vote on the road for work, then you can’t expect them to use their own personal vehicles all of the time. Especially not with the cost of gas rising and rising. Employees often aspire to obtain and will work harder to access a company car.
And if you are looking at options of giving your employees company cars, then it really pays to lend the benefits. Fleet car leasing can make all the difference if you are looking to lease more than one company car to your employees. But it can also be a valuable write off to your business and allows you to pay a lower salary to an employee because you are providing a perk in lieu of money. Let’s take a look at some of the advantages of company cars.
It’s free advertising. People driving company cars are providing free advertising and exposure to your business simply by going from place to place. Your name and logo creates a rolling billboard that is visible to other drivers on the road in traffic and those on the street who are just going about their day. It doesn’t matter whether the vehicle is parked on the road or is in transit, people can see the signage and contact your company with new business. This should be more reflective in the company car, being kept clean and tidy as well as being driven in a safe and lawful manner. Employees should make sure that they sign a contract so that they acknowledge that they will drive the vehicle safely.
It’s an investment. Whether you buy the cars or you list them out, you are investing in your company. Knowing that your people are on wheels and can get where they need to be as part of their business activity is going to make all the difference to their ability to provide your company with the right information and feedback. You can use a company car as a substantial business tax write off too. Instead of providing increased salary to an employee, your vehicle can be a substantial incentive.
It’s something people aspire to. When people join your business, they need something to work towards, to make themselves feel like they are achieving something. A company car is definitely something that they should be working towards. It can help to see other company employees benefiting from such an option, because then they’ll feel inspired to get that as much as possible.
Employees don’t have to worry. When they don’t have to use their personal cars, knowing that you are taking care of any fuel, insurance and everything else pertaining to the cost of the car can mean that they’ve worked better and worked harder. They are also more loyal employees because they know that you are looking after them.
