The High Cost of Fleet Management

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A company owned/leased fleet is the most expensive of all business vehicle programs, as the employer pays for both business and personal driving. While many corporations may view fleet management as a more traditional way to maintain a mobile workforce or as a desirable employee recruiting tool, the reality is […]

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Understanding Vehicle Lifecycle Parameters

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An essential component in the production of precise reimbursement amounts is the data used to fuel a vehicle reimbursement plan provider’s databases.  These databases are used to ensure the accuracy of the program for purposes of corporate audits and for the successful management of expenses. Within each database there are […]

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The Benefits of Switching to Direct Pay

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One of the most well-received aspects of adopting a vehicle reimbursement plan is the practice of direct pay. The IRS and CRA compliant reimbursement is tax free and will be conveniently deposited into a driver’s checking or savings account. The benefits of switching to direct pay can be seen by […]

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How To Manage Expenses With A VRP

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In our tumultuous economy, cost savings and expense management strategies are on nearly everyone’s mind. Specific to businesses with traveling employees, it is especially important to consider how to manage any costs associated with employee expenses. This means taking a step back and looking into your corporate vehicles program. If […]

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How to Minimize Risk Exposure

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When a company maintains a fleet of vehicles for daily use by their employees, that company assumes full liability for the vehicle. This means that there is no distinction made between business and personal use in the case of an accident claim. Moreover, this liability stands, even in cases where […]

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