Nathrao
Insolvency N Gst Professional

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
We are bench marking our policy on Car entitlement with the Industry data. Request if you can share the entitlements in the context
1) Company Name
2) Policy of Car entitlement (Yes / No)
3) Please mention at which level an employee is eligible for car entitlement
4) Mention the eligible limit for the car (Cost)
5) Mention whether the car is purchased in cash or it is taken on EMI basis
6) Does the company take any kind of Security amount from employee in lieu of purchasing car
7) After how many years the Car Ownership is transferred to employee's name
8) Other Remarks

No one is going to give company names on a public forum.
Entitlement of cars depends on the nature of work.
For example a marketing manager will be benefitted by having a four wheeler to move around.
some suggestions
Get into agreement with some car show rooms for company to company buying arrangements.
Car should remain on company name only.
Employee may be permitted to buy the car after certain years of service at depreciated rate.
Cost, designation etc can be decided upon based on company requirements.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™