Can We Create Vehicle as a Functional Location??

Dear experts,
Can we create a vehicle as a functional location?
can any one suggest me?

We have already developed this enhancement in functional location tab for the report of cars
used in our organization.
we are developed new tabs also in notification to capture the running kilometers  and OT hours,
User will enter the starting time and ending time and enter the name of the employee who has taken this vehicle.
according to the rate of vehicle we have given in functional location additional tab total cost will come in report.
we have already created this report and it is working fine.
could you please suggest me is this the correct way of approach of creating the report for vehicle cost?
if not what is the impact on the system?
please suggest me
Thanks ,
Sunil Boya

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