Definition of company car in English:

company car

noun

  • A car provided by a company for the business and sometimes private use of an employee.

    • ‘So, for example, if you receive any benefits in kind from your employer, such as a company car or medical insurance, this should be listed.’
    • ‘This will help both you and your drivers manage their fuel bills and make sure that both employer and employee got the most from their company car.’
    • ‘Well, if you drive a company car you don't have to worry about insurance, road tax, servicing or repairs and maintenance.’
    • ‘Mr Bennett said the victim was more than £35,000 out of pocket as a result of the loss as the car was a company car for his own business.’
    • ‘He had his own sports car, a company car, a runabout car and another one, presumably for times when the other three were not available.’
    • ‘If you must have a car, take your company car as part of your payoff.’
    • ‘The company car, once the ultimate perk for business executives, could soon be heading for the scrapyard.’
    • ‘Similarly nothing can be awarded where a company car was to be used only for business purposes.’
    • ‘I had a company car at the time and one of the headlights was less bright than the other one.’
    • ‘The new pay system includes a controversial plan to ask managers to accept a car allowance instead of a company car.’
    • ‘Although I did not get the performance I was expecting, it is still an excellent car and one I would be proud to have as a company car.’
    • ‘Oh yes, it was the very stuff of life to have a company car in those days.’
    • ‘Driving a company car (not by my choice) is also an expensive item taxwise.’
    • ‘But whether that would be enough to persuade me to pick it as my company car is difficult to say.’
    • ‘If you get a company car which includes all petrol paid on both business and private mileage plus all running costs you pay fairly hefty taxes on this perk.’
    • ‘The taxation levied on employees with a company car is based on the full list price of the vehicle.’
    • ‘If I was offered the chance to have this as my company car I would be very happy indeed.’
    • ‘Rumours of the end of the company car, following a change in the personal tax regime, seemed greatly exaggerated.’
    • ‘But he may trade in his Piaggio moped for a company car if he passes his driving test later this year.’
    • ‘It seems that employers may have to add career coaching to the employment package in the same way as the company car, share options and health package.’

Pronunciation:

company car

/ˈkəmp(ə)nē kär/