ARI Announces Lease vs. Reimbursement Analysis Tool
MT. LAUREL, NJ – Automotive Resources International (ARI) has released a new comprehensive driver cost analysis tool that enables fleet managers to evaluate all costs, including tax and insurance, for leasing company vehicles versus driver reimbursement for the use of personal vehicles. ARI’s Lease vs. Reimbursement Analysis Tool analyzes and quantifies the cost of a company leased-vehicle program versus a variety of reimbursement alternatives. “The analysis tool takes into account all fixed and operating expenses, including licensing, sales and income tax, and insurance. It also has the ability to examine cost factors for multiple driver levels simultaneously,” said Suzanne Wilson, assistant manager of marketing administration and a member of the design team.To make its analysis of driver expenses all-encompassing, ARI includes a discussion of not-so-easily-quantifiable costs. This section examines Sarbanes-Oxley and other tax implications, the impact of cost variation on reimbursement plans, qualitative issues, driver downtime savings, and liability.Once ARI obtains necessary details and runs the analysis for a prospect company’s fleet manager, the final product is an in-depth report that compares the costs of both options, from both the employee and company perspective. This report assists the prospective client in making informed fleet leasing vs. reimbursement decisions.