FAVR Reimbursements

2021 is not a great year to manage fleet vehicles. The reopening economy and lingering pandemic shortages are driving used cars to their highest prices in years. As of June, the used car market was 34.3% above last year’s pricing levels, making company cars the most expensive option out there to keep your workforce on the road. The current state of…

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…

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…