Is It OK to Buy a Corporate Fleet Vehicle for Personal Use?

Since Mazda cars and SUVs are so well designed and provide outstanding performance and state-of-the-art technology, they’re the go-to for companies building a fleet. Still, our commercial customers often ask us: “Is it OK to buy a corporate fleet vehicle if I use it for both business and personal transportation?” It’s a great question, and El Dorado Mazda has the answer.

Why Do Companies Purchase a Corporate Fleet of Vehicles?

Many companies purchase a fleet of vehicles for their employees to use for business operations, including meetings with clients and local or long-haul travel. However, it doesn’t make sense for some people to have one corporate vehicle and a separate personal one, so sometimes the line between personal and business use gets a little blurry.

Is It OK to Buy a Corporate Fleet Vehicle for Personal Use?

In most cases, it’s fine to purchase and use a corporate car or SUV that you’ll use for both work and personal purposes. However, there’s a difference between dropping the kids off at their local school in your company car versus taking a cross-country road trip in a fleet vehicle, so consider exactly how much personal use the vehicle will get.

Talk to your company’s management to see what they need you to keep track of, since the mileage, fuel, and other expenses spent on your personal travel might be charged or taxed differently than business expenses. Honesty is always the best policy, so keep the line of communication open!

Explore Corporate Fleet Vehicles in McKinney, TX

Mazda vehicles are terrific for any corporation. And we’ve got plenty of great options for you! Visit our Mazda dealership in McKinney, TX today to speak with our sales staff about how we can help build your fleet.