A successful car allowance is fair and accurate for the company and for its salespeople, on-the-road technicians, executives and other drivers. CarDATA maintains three distinct methods for determining allowance payments:
- Fixed monthly allowance - set dollars per month
- Cents per kilometer rate - also known as "driving for dollars"
- Combination allowance - fixed and cents per kilometer
Fixed expenses identify the costs of "putting a car in the driveway" -- vehicle purchase or lease, financing, licence, taxes and business use insurance.
Variable expenses identify the costs of operating a vehicle -- fuel, maintenance and repairs.
Vehicle lifecycle costs are naturally determined by the category of vehicle that suits your business function and application:
- Subcompact
- Compact
- Mid Size
- Full Size
- Executive
- Vans
- Hybrids
- Wagons
- Crossovers
- Sport Utility Vehicles
- SUV Compact
- Pickup Trucks
With
varying provincial sales taxes and regional price
fluctuations, CarDATA maintains cost information down to
the city level for fuel and insurance and at the
provincial level for maintenance, depreciation and
vehicle pricing.
Fuel prices, the most volatile expense, are monitored
weekly for cities across the country and updated monthly
to the driver�s reimbursement.
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