Most businesses today offer car allowances in lieu of company cars, to some extent within their business.

For many it is a method of delivering greater flexibility and choice, and where restrictive company car policies are in place this can present an attractive proposition. It is important, however for all concerned to recognise the cost of cash allowances to the business and the value to employees, if these are managed and communicated effectively.

Fleetworx have a clear understanding of the principle drivers of cost and value in all car allowance situations and, aided by our sophisticated software package, are able to help you create car allowances that meet your key objectives, whether that be to contain costs to the business whilst offering a realistic alternative, or whether that is to encourage drivers in one direction or the other through meeting their personal aspirations.
We have found that where accountants may be able to help with the pure economics of calculating breakeven points, our specialist market knowledge and experience with the commercial and operational aspects of running car and cash policies, gives us a serious advantage when helping our clients create equitable solutions.

Car Allowance review projects range from updating benchmark breakeven points on a handful of grades, right through to a driver by driver cost / benefit analysis across several hundred employees, the latter being the exception rather than the rule, however essential where drivers are being forced in one direction or another.

What you need to know in order to get the balance right
Deliverables of a Fleetworx Cash Allowance Review
Fleetworx Cash Allowance Review Process