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Loss of Control is Reimbursement’s Fatal Flaw

March 17, 2008

Score one for our side! Recently, a Fortune 100 company gave (very) serious consideration to eliminating its company-provided vehicle fleet program and switching to driver reimbursement. Initially driving this initiative was senior management’s desire to cut cost by removing the vehicle assets from the books. The option to move to an operating lease was not viable since it violated the company’s accounting policies set by finance.

Tags: Company Image, Reimbursement

Author: Mike Antich | Posted @ Monday, March 17, 2008 10:16 AM | » Comments(0)

Reimbursement vs. Company-Administered Executive Vehicle Program

December 26, 2007

Although in-house management of an executive fleet is extremely time-consuming, reimbursement is a less cost-effective alternative. I argue that, in general, a company-administered executive vehicle fleet is a better choice than reimbursement.

Tags: Reimbursement

Author: Mike Antich | Posted @ Wednesday, December 26, 2007 12:17 PM | » Comments(0)

Reimbursement is Unfair to Employees

December 3, 2007

If employees are your greatest asset, why treat them unfairly with a driver reimbursement program? I have yet to hear of a company that reimburses at a rate that fully compensates drivers for the actual cost of operating a vehicle, especially in this era of escalating fuel prices.

Tags: Reimbursement

Author: Mike Antich | Posted @ Monday, December 3, 2007 10:12 AM | » Comments(1)

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AUTHOR BIO

Mike Antich

Editor & Associate Publisher

Mike Antich has been covering the fleet management and vehicle remarketing markets for more than 20 years. During this period, Mike has written or edited more than 4,600 articles on the subjects of fleet management, manufacturer fleet activities, the fleet leasing industry, and vehicle remarketing.

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