Fleet Magazine August 21, 2021 Fleet Operators are examining every aspect of their operations in the face of an uncertain economy. Vehicle reimbursement specialists CarData, share insights into how a VRP can reduce expenses. Declining revenues and uncertain future business climates compel enterprises to examine business operations to […]
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If you offer a VRP (Vehicle Reimbursement Program) to employees a key data point is the cost for insuring vehicles with a ’business use‘designation. Consider that a FAVR (Fixed and Variable Rate) program is tailored to regional insurance premiums as well as other cost of living factors. CarData keeps track […]
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At first blush, FAVR (Fixed and Variable Rate) programs can appear to be simple. “F” is for fixed costs for business use of employee-owned vehicles, for example insurance and licensing. “V” is for variable expenses such as the relative cost of living in a given geographical region and fluctuating gas […]
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Let’s say you were in an enterprise that offers a vehicle allowance program, often called “flat rate.” There’s a reasonable chance that someday you’ll pass an office and hear one of your best sales reps remark to a coworker that paying out of pocket for gas and maintenance on her […]
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Is 2020 the year you get out of the “car business?” Wouldn’t you rather focus attention on operations that foster business success, as opposed to dedicating resources and cash to a company car program that creates administrative headaches, risk and tax obligations? Make the switch to a vehicle reimbursement plan […]
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