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VRPs That Benefit the Company and the Team
CarData vehicle reimbursement programs are designed to benefit both the company and its employees. Yes, that really is possible! We’ll show you how to shift expenses from assets with uncontrolled value and liability to non-taxable investments that cut costs and reduce risk.
Your internal administrative chores become reduced, freeing administration to concentrate on more productive, rewarding responsibilities. Our Platinum Service team implements a simple onboarding process to seamlessly transition to your tailored FAVR strategy and is ready to help when issues arise. Drivers can choose a vehicle that suits their profession and personal life and are fairly compensated. Instead of being forced to navigate a call center to get answers, you have direct access to a dedicated Client Service Associate (CSA) who knows your company and plan.
Interested in seeing how CarData could transform your vehicle reimbursement program?
Vehicle Reimbursement Program Benefits That Will Actually Benefit Your Organization
IRS Tax Compliant
There are many types of vehicle reimbursement plans; not all are IRS-compliant. CarData understands the regulations that affect your industry and your employees and builds compliance into your plan.
Cost Savings
A CarData FAVR program lets you realize cost savings through non-taxable reimbursements and savings on FICA payroll taxes.
Risk Management
Every business has risks. The challenge is making sure that you minimize exposure. We’ll show you how to reduce risk and control liability.
Reduce Administration Time
From initial FAVR plan design to ongoing daily management, our Platinum Support team will do the heavy lifting, so your HR team can focus on employee and company concerns.
Fair, Flexible and Non-Taxable Plans
Employees can choose the vehicle they prefer, enjoy timely, accurate, non-taxable reimbursement and IRS-compliance. And reimbursements are based on regional expenses. The company pays only for business miles and business expenses. Fact is, everyone wins!