Make the Transition from Fleet to FAVR
Is your company struggling to get company cars because of the chip shortage and high consumer demands?
It’s time to consider an alternative vehicle program. A fixed and variable rate (FAVR) allows employees to get properly reimbursed for the business use of their personal car with a rate specific to fixed and variable costs of operating a vehicle in their location. FAVR is the only IRS-recommended methodology for vehicle reimbursement.
A FAVR program can help you navigate the chip shortage, reduce cost and liability for your company, and can easily scale to fit business needs.
How can you transition from Fleet to FAVR? We’ve put together a toolkit to help guide you through the process and share the benefits other companies have experienced by switching.
In this toolkit, you will gain access to:
- [Checklist] Transitioning From a Fleet Vehicle Program
- [Video] 5 Reasons to Get Out of Fleet
- [Infographic] Blueprint to FAVR
- [Guide] Transitioning Your Idle Fleet to FAVR Guide
- [Article] Pros and Cons of Company-Provided Vehicles
Switching is easier than you think and brings a whole lot of benefits. Download the Fleet to FAVR toolkit today!
Flexible and Scalable
Whether your company is growing or scaling back, our FAVR program can easily change to meet the needs of your company.
Supports Talent Acquisition & Retention
Gone are the days of seeing fleet vehicles as a perk. Prospective employees appreciate a reimbursement that covers driving costs for the vehicle that suits their lifestyle.
Benefits to the Anywhere Worker
Manually recording mileage takes time out of every driver’s day. The Motus App improves their WorkLife as automated tracking gives that time back.
About Motus
Motus offers a suite of tools to simplify the reimbursement and management of vehicles, devices and remote work programs. Each product helps eliminate exposure to potentially serious tax and labor laws and provides accurate reimbursement rates, localized to the home address of your employee.
Powered by an unmatched pool of data, refined over more than 80 years, and updated in real-time, Motus is the platform of choice for companies committed to workplace agility.
Download the Toolkit to learn how to make the transition from fleet to FAVR.
"Motus helps us be consistent in treating everyone equal and fair with a standard calculation for all." - Human Resource Manager
"Motus has reduced Accounting, Payroll, and Administrative costs and is very easy to manage." - Operations Manager
"Once our employees bought into it, they really like using it and the reimbursements. In turn, our organization has recognized significant cost savings while staying compliant with the IRS." - CFO at Medium Enterprise Beverage Business