A recurring question is whether it makes business sense to provide company vehicles to employees or to reimburse them for the use of their personal vehicles. Here are 30 reasons why reimbursement may not be the best choice.
Wheels, Inc. expanded its reimbursement program to include a fixed and variable rate (FAVR) option for its clients, which is delivered in accordance with the IRS FAVR program guidelines.
This video explores how COVID-19 is changing the industry's perception toward driver reimbursement; the change in fleet employee demographics and what this might mean for reimbursement programs; and the types of industries and companies that are more predisposed to offer reimbursement and why.
Topics mentioned in this video include growing fleet budget concerns amid the pandemic “cash crunch," overview of the ongoing strong resale market and “pain points," and remarketing “days-to-sale” metrics lengthens due to transport constraints.
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Automotive Fleet is compiling its annual personal-use survey that will track the answers to these questions and more, which fleets can benchmark against their operations.
As companies look for best practices and opportunities to create more efficiencies in fleet management, they should also look at the trend away from vehicle ownership to develop tools to apply in context of commercial fleets.
Automotive Fleet is once again compiling its annual personal-use survey that will track the answers to these questions and more, which fleets can benchmark against their operations.
Average personal use charges industry-wide were flat year over year, but more fleets have been increasing charges the past few years.
The recent U.S tax law changes created a problem for employers who use a non-accountable vehicle reimbursement plan. Negative feedback has some companies reconsidering the viability of offering company-provided vehicles to help key employees mitigate the adverse impact of eliminated tax deduction.
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