DEFINITION OF A COMMERCIAL VEHICLE
A commercial vehicle is a type of motor vehicle used primarily for the transportation of goods or passengers for hire, compensation, or profit. These vehicles are often owned by businesses or organizations and are employed in activities related to commerce.
Key Characteristics:
Usage: Primarily used for business purposes, such as delivering goods, transporting passengers, or performing services.
Ownership: Typically owned by companies, corporations, or other entities engaged in commercial activities, but can also be owned by individuals who use the vehicle for business purposes.
Types: Includes trucks, vans, buses, taxis, delivery vehicles, and other types of vehicles designed or modified for commercial use.
Regulations: Often subject to different regulations, such as licensing, insurance, and safety standards, compared to personal vehicles. They may also require special permits or licenses to operate, depending on the jurisdiction.
In many regions, the classification of a vehicle as "commercial" can affect aspects like registration fees, insurance rates, and applicable taxes.
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