Vehicle Programs

What’s the future of electric vehicles? Electric vehicles made recent news when Trump administration official Larry Kudlow announced their intent to remove subsidies for their purchase. This news might cause businesses providing company cars to their employees to pump the breaks on exploring the environmental future of their fleet. But there’s much more to the…

How will the 2019 IRS standard mileage rate impact your business? The 2019 IRS standard mileage rate was announced today as $0.58. Next year’s rate increased 3.5 cents from the 2018 rate. Also referred to as the IRS Safe Harbor Rate and IRS business mileage standard, the IRS standard mileage rate takes into account this…

Thanksgiving Travel Highest in Years Thanksgiving travel season is now upon us. In the next few days, you might be putting the finishing touches on Auntie’s favorite stuffing or arguing with your brother in favor of deep-fried turkey over a traditional, roasted bird (I’m in favor of fried myself). You might even dust off your…

Hybrid Vehicle Programs 101   What is a hybrid vehicle program? Simply put – a hybrid vehicle program is a program that brings all of your mobile employees together under one consistent system of record. It’s designed to enhance visibility and control expenses. How? By effectively prescribing mobile employees to the appropriate reimbursement method, best…

Motor Vehicle Record Reporting Brings Insights Designed to Reduce Risk As customers running motor vehicle records on the Motus Platform, we know you care about identifying high-risk drivers. The more we can help with that, the easier it is to mitigate risk and reduce motor vehicle accidents. That’s why we’re excited to announce some new…

How Does Depreciation Impact Your Company’s Fleet Vehicles? In a recent study of over 4.1 million car sales, vehicle research site iSeeCars has recognized the 10 cars sure to depreciate the most in a three-year time span. Spoiler alert: it does not look good for owners of American and German made vehicles. The highest depreciator,…

Fuel Prices Are on the Rise: What This Means for Your Company You can’t escape it. The signs are all around you. Literally. Pass any gas station and you’ll see that fuel prices have gone up in the last month, and way up since the past few months. Since September of 2017, actually. This change…

What happened to the F150? After a fire at one of their suppliers on May 9th, Ford halted production of the F150. The Vincentric Best Fleet Value in America Award winner is a common company vehicle in industries with heavy lifting and off-roading requirements: oil and gas, construction, heavy equipment, forestry, fishing and agriculture. Though…

There are four well-known options that companies can choose from for their business vehicle program: company-owned vehicles, flat allowance, fixed and variable rate and cents-per-mile reimbursement. While the Fixed and Variable Rate (FAVR) Reimbursement program is the most comprehensive and flexible, each offers a different solution to the issue of business travel. Take the mileage…

2018 Vehicle Cost Trends and Your Business It’s well-known that economic forces have a direct impact on businesses. In fact, for businesses with mobile workers, the 2018 Vehicle Capital Costs Trend Report forecasts significant changes for this year’s automotive landscape. So, what does that mean for these companies? It truly depends on the type of…