Car Allowance vs. IRS Standard Mileage Rate vs. FAVR Program Employee travel programs are often the second largest expense for any company. When evaluating different vehicle reimbursement programs, deciding which program aligns with your company’s culture may be challenging. Frequently, … Read More
What is a Benchmark Vehicle in a FAVR Program?
There are many different ways companies can offer their vehicle reimbursement program. All vehicle reimbursements are calculated by the average fixed and variable costs to drive a vehicle in a year. In a Fixed and Variable Rate (FAVR) Program, we … Read More
Why Move to a FAVR Program?
There are many options for vehicle reimbursement programs within the corporate travel industry. As demand for drivers on the road continues to increase, fleet managers and plan administrators are constantly evaluating programs that align with their company’s values and culture. … Read More
Risk Management for your Vehicle Reimbursement Program
Having drivers on the road brings an internal risk for all companies and drivers. There is always a chance a driver can be in an accident, the question is, what risk does my company have? It is essential to protect … Read More