Vehicle Programs

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…

We’re living in an on-demand world. Today’s consumers can replenish their refrigerators, order dinner, request a ride and even cue up a new movie to immediately watch with just a few clicks. But those goods and services must get from A to Z, forcing companies to decide whether to build out a delivery service, or…

An easy answer to that question would be to say that “like snowflakes, no two reimbursements are created exactly alike.” However, that wouldn’t answer the question, nor would it consider the various factors that contribute to a modern, fair and accurate reimbursement figure for each individual mobile employee. So, with that in mind, let’s jump…

Mobile workers incur a wide range of expenses as they drive, from fuel and maintenance costs to insurance premiums and depreciation, and they must be repaid accordingly. Tracking, processing, and reimbursing accurately for these costs is not always easy though, particularly for companies with many mobile workers. The reality is, companies have several options when…

In the first installment of the HR Hangout, we introduced how HR leaders are developing more influence and expertise among other executive leaders of their business. According to a study carried out by Harvard Business Review, Why Chief Human Resources Officers Make Great CEOs, this increased influence has led to a more collaborative environment between…

Whether you’re a small business owner supporting a few remote employees or a regional sales manager overseeing an entire mobile workforce, it’s not always easy to find the right vehicle program for your business. There are a number of factors to consider when deciding which type of vehicle program will support both the needs of…