Car Entitlement Policies: Can You Share How Your Company Handles This?

We are benchmarking our policy on car entitlement with 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 taken on an EMI basis
6) Does the company take any kind of security amount from the employee in lieu of purchasing a car
7) After how many years the car ownership is transferred to the employee's name
8) Other Remarks

Car Entitlement Policies

No one is going to give company names on a public forum. The entitlement of cars depends on the nature of work. For example, a marketing manager will benefit from having a four-wheeler to move around.

Suggestions for Car Entitlement

- Get into an agreement with some car showrooms for company-to-company buying arrangements.
- Cars should remain under the company's name only.
- Employees may be permitted to buy the car after a certain number of years of service at a depreciated rate.
- Costs, designations, etc., can be decided upon based on company requirements.