• Regulations are important regarding company carsyellow car, a honda japanese sport car model image by alma_sacra from Fotolia.com
  
  Company cars are cars that are leased by a company, so employees can use the cars for business purposes. This is particularly relevant for sales representatives or people who drive around for events and trade shows. However, having a company car often requires certain regulations, as the car is owned by the company. Depending on the company, the regulations will vary so ask your employer if you are unsure of your company car regulations.
  
  

Amount of Driving

• Some companies will provide employees with a company car in place of a personal car. This means that employees can drive the company car for personal things, such as appointments, family vacations or grocery shopping. According to More Business, these extra trips can become a large unnecessary expense for the company. However, other companies restrict the use of the company car to merely company purposes. This can include driving to trade shows or business relevant events.
  
  

When and Where to Drive

• If you are driving a company car with a logo and contact information, you are constantly branding the company. It is therefore important to remember that you are representing the company everywhere you go in the car. If this is the case, ask your employer if there are places the car should not be parked. For example, it would reflect negatively on the company if the company car was parked outside an adult entertainment store at night. Since you have the responsibility for the company car and branding, ensure you are clear with your employer about when and where to drive.
  
  

Receipts for Gas, Repairs or Damages

• Some companies include company cars and gas on employee expense reports. It is therefore necessary that employees collect and keep all receipts for the company car, including repairs or damages. If the employee does not present the relevant receipts as proof of purchase when expense reports are due, the employee may be responsible for paying for it out of own pocket. This varies from company to company, so check with your employer.
  
  

Specific Drivers

• While some companies allow family members to drive company cars as long as they are properly insured, other companies only allow the employee to drive the company car. Breaking this rule can be costly, particularly if an accident occurs when someone other than the employee was driving the car. Not only can the company car be revoked by the company, but insurance payments can be rather large.