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It probably means you receive an employee discount… unless you’re in a role that requires frequent travel, or are at the executive level, it’s likely not fully paid for by the company… they may offer a stipend… but it’s more likely the employee discount…
Company cars rarely exist anymore… from a liability standpoint it’s difficult… so instead most companies have moved towards paying for mileage, and stipends…
Used to work for GM Financial, AVPs and above get the option for a company car, it’s not as fantastic as you think as you really don’t get a choice in the car. You get a new one every 9ish months or so. The pay for everything and have a detailing package for you since you’re in a company car. I guess if that’s what makes you happy it works? 🤷🏼♀️
Can you use it for personal use?
Hello. We have levels of ee's. From 5 to 9 and then executive. From 8 upward you get a company car. GM pays the insurance and buys your gas. Yes, you use it for business and pleasure. Every so many months, you have to turn it in for a different one. It is quite a generous benefit.