As the market for both new and used cars continues to hit record highs, the demand continues to follow suit. Within the vehicle reimbursement industry, many analysts have been closely monitoring the effect of vehicle depreciation in the car market. … Read More

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

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

Drivers often interpret their vehicle reimbursement program in two ways. They view their reimbursement program as an expense reimbursement or an employee benefit. As the job market becomes more competitive and demand for employees increases, it is crucial that drivers … Read More

Fixed and Variable Rate (FAVR) Program Brings Driver Choice The way of conducting business in the past 20 years has changed significantly due to Millennials and Generation Z entering the marketplace. One thing is for certain; everyone wants a choice … Read More

As we head into the busy summer driving season, one of the most talked-about topics in the vehicle reimbursement industry is the price drivers pay at the fuel pump. Fuel prices are rising more rapidly than we would typically see … Read More

What is a FAVR Program? A Fixed and Variable Rate (FAVR) Program is an IRS Approved, Non-Taxable Vehicle Reimbursement Program. This program provides drivers with a fair and equitable reimbursement with limited tax liability. First, the company chooses a benchmark … Read More