Free Company Vehicle Agreement Template
COMPANY VEHICLE AGREEMENT
This Company Vehicle Agreement ("Agreement") is made and entered into on June 5, 2056, by and between [Your Company Name], a company registered under the laws of California, with its principal office located at [Your Company Address] ("Company") and Ellis Bednar, an employee of the Company ("Employee").
I. Vehicle Details
The Company agrees to provide the Employee with the following vehicle for business and personal use:
|
Vehicle Detail |
Information |
|---|---|
|
Make and Model |
2024 Tesla Model 3 |
|
License Plate Number |
4EAX254 |
|
Vehicle Identification Number (VIN) |
5YJ3E1EA9MF223456 |
II. Purpose of Vehicle Use
The vehicle is provided for the Employee’s business use, including travel to meetings, client visits, and other work-related activities. Personal use is permitted with the understanding that it will not interfere with the vehicle’s primary use for business purposes.
III. Maintenance and Care
The Employee agrees to maintain the vehicle in good condition and to follow the manufacturer’s maintenance schedule. Any maintenance costs incurred for repairs not related to normal wear and tear are the responsibility of the Employee unless otherwise stated.
|
Maintenance Responsibility |
Details |
|---|---|
|
Regular Maintenance |
Covered by Company |
|
Major Repairs |
To be reported to the Company |
|
Cleaning and Washing |
Employee’s responsibility |
IV. Insurance
The Company will provide insurance coverage for the vehicle. The Employee must immediately report any accidents or damage to the Company and the relevant insurance provider.
|
Insurance Detail |
Information |
|---|---|
|
Insurance Provider |
XYZ Insurance Co. |
|
Policy Number |
INS123456789 |
|
Coverage Type |
Comprehensive, Collision, and Liability |
V. Restrictions on Use
The Employee agrees not to:
-
Allow any unauthorized person to drive the vehicle.
-
Use the vehicle for unauthorized or conflicting personal business.
-
Drive the vehicle while under the influence of alcohol or drugs.
VI. Fuel and Expenses
The Company will cover all fuel and other necessary expenses related to the operation of the vehicle for business purposes. The Employee is responsible for any personal fuel expenses.
|
Expense Type |
Responsibility |
|---|---|
|
Business Fuel Expenses |
Covered by the Company |
|
Personal Fuel Expenses |
Employee’s responsibility |
VII. Termination of Agreement
This Agreement may be terminated by the Company at any time. Upon termination, the Employee agrees to return the vehicle in good condition, along with any company property associated with the vehicle, to the Company.
|
Termination Detail |
Information |
|---|---|
|
Vehicle Return Time |
7 days after termination |
|
Late Return Penalty |
$100 per day after the return period |
VIII. Employee Acknowledgment
By signing below, the Employee acknowledges receipt of the vehicle and agrees to the terms and conditions outlined in this Agreement.
|
Company's Details |
Employee's Details |
|---|---|
|
Transportation Manager |
Employee |
[Your Name]