All Company cars articles – Page 38
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Article
Fuel hikes needn't put fleet bosses over a barrel
Persuading staff to be more frugal and introducing greener and cheaper alternatives to petrol can help control fuel costsWith the price of crude oil breaking the milestone of $100 per barrel at the beginning of January, cutting fuel consumption has never been a more pressing issue for fleet managers. The ...
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Make a dent in bad habits
Driver training is good for health and safety reasons and has environmental benefits tooIn an ideal world, every company driver would choose a Toyota Prius, run it on biofuel and jump at the chance of car sharing with Derek from accounts.In the real world, however, a more practical solution is ...
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Carillion increases cash allowances
Carillion is increasing the amount of money that employees in its cash allowance car scheme are allocated by up to 20%, and is planning to broaden vehicle choice in its company car scheme, in a bid to improve retention.Members of its cash allowance scheme are being given up to 20% ...
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Article
Exhaust all the options
Offering alternatives to petrol, imposing limits on carbon emissions and providing incentives help build a green fleetWeaning executives off their petrol-hungry status symbols in favour of low-emission cars, can enhance the green credentials of organisations and result in tax and fuel savings.Generally, diesel engines belch out less carbon dioxide and ...
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Article
New wave alchemists turn green into gold
There's a serious financial case for adopting a green fleet strategy, and as journeys diminish cash savings pile upEverybody knows that cutting carbon emissions is good for the planet. Figures from the Met Office show that the last five years have been the warmest on record in the UK, a ...
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Article
Severn Trent offers Aecop
Severn Trent Water has launched an all-employee car ownership plan (Aecop) to enable its 5,000 staff to lease their own vehicle at a discounted rate over a set period.Under the new arrangement, also known as an affinity scheme, employees can select a vehicle, arrange a lease period with the provider, ...
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Article
Budget 2008: Employers could feel the pinch as gas-guzzlers targeted
Employers could feel the pinch financially as a result of increases in fuel duties,and changes to vehicle excise duty and capital allowances for business cars that penalise gas guzzlers, outlined in Alistair Darling’s Budget report.Business cars will now be subject to emission-based capital allowances. Cars will be placed in one ...
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Davis Langdon to reward staff who opt for cars with low CO2 emissions
Davis Langdon is offering an increased company car allowance for staff and partners at the construction project and cost consultancy who choose vehicles with low carbon dioxide emissions.The firm has set carbon emissions of 165g/km as the benchmark and will offer employees an increased car allowance for vehicles at or ...
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Cars and fleet - definition - Cash allowance
A cash allowance is an allowance paid in lieu of a company car to employees who would qualify for a company car. Allowances can be paid to employees who have to use their cars for business as well as to those who simply receive this benefit as a perk. However, ...
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Cars and fleet - definition - Affinity company car scheme
Affinity car schemes allow employers to strike a deal directly with a manufacturer or through a leasing company, and provide employees with access to cheaper prices on the purchase of new and used cars. Deals come at little cost to employers but use of cars for work should comply with ...
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Article
Best practice from thought leaders 2008
Adapt best practice to suit own needsFacing flexFlex can be the glue that offers consistency across businessesBeing proactive on healthDriving down cost of absence with analysis of sickness dataAccounting for changeTailored modelling tools help staff get realistic about retirementBuild robust rewardDishing out reward for hitting strategic goals creates valueRisk products ...
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Analysis
Know grey safety issues
Employees who use their own cars for business journeys are increasingly referred to as the grey fleet, and can carry a large risk if employers don't take steps to ensure their safety, says Nick GoldingThe term 'grey fleet' is one which is often bandied around the fleet industry. Put simply, ...
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Article
Tailored funding strategies
This article is brought to you by our sponsor Alphabet.Richard Schooling, chief operating officer at Alphabet, suggests employers demand bespoke solutions from vehicle suppliers that meet clear objectives around funding and risk managementFleets face a cocktail of difficult challenges over the next 12 months but there are several key areas ...
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Analysis
Weighing up fleet financing options
Impending corporate manslaughter laws add a new layer of complexity for FDs in the sourcing and financing fleets, says Nick GoldingExecutive summary The decision on how to source and finance company cars has crucial tax and employer risk implications that need to be carefully balanced. The most common way that ...
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Article
Education is the key to curbing driver health and safety issues
Food firm Cadbury Schweppes believes that by educating drivers in health and safety matters can be a win-win situation for both staff and the organisationAt a time when grey fleet, where drivers use their own cars for work, and environmental issues are at the forefront of every fleet manager's agenda, ...
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Article
Cars and fleet - definition - Perk driver
A perk driver is an employee who is given a company car or car allowance with no expectation that they will use their car for business. The car is simply for private use (although it can be used on business) and is a ‘perk’ of the job.
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Article
Two-thirds of private cars found to be unsafe
Two-thirds of private vehicles driven on employer business are not safe, according to the Vehicle monitor survey conducted by fleet management firm Total Motion. Some 5,734 company and privately-owned vehicles used for business were inspected last year and nine-out-of-ten (91%) of the drivers admitted to failing to make basic vehicle ...
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Article
Cars and fleet - definition - Fuel card
Fuel card act like credit cards that can only be used for fuel. Employers which provide these to company car drivers are able to use the related paperwork to track purchases, mileages and tax due.
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Article
Green corporate image often more important than carbon and cost reductions
Almost two thirds of employers (60%) admit that their organisation's image is the main reason behind them taking a green approach to their fleet, with less than half (47%) stating that cost reduction is a motivating factor.According a survey of more than 150 businesses by fleet management company Masterlease, 70% ...
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Cars and fleet - definition - Company car tax
Company car drivers have to pay benefits tax based on the new list price of their car and its carbon dioxide emissions. Some employees prefer to receive a cash allowance in lieu of a company car. They are then liable for NI and income tax on this amount instead.