How to Establish a Vehicle Reimbursement Program

How to Establish a Vehicle Reimbursement Program

A vehicle reimbursement program is designed to compensate employees for the business use of their personal vehicles. This is in contrast to the alternative of having a fleet of company-owned vehicles ready for your employees to use for work-related activities. There are many costs associated with purchasing and maintaining a fleet of vehicles, such as the up-front sales price, insurance, maintenance, gas and more. Because of this, many companies choose to move forward with a vehicle reimbursement program that compensates their employees for business use of their vehicles. However, there are many ways to issue a car allowance to your employees, and finding the right program to use is the first step.

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