Why is the FAVR Vehicle Program right for you?
Employees are the backbone of your business. What’s best for them is what’s best for your company.
Unlike one-size-fits-all car allowance or cents-per-mile reimbursement programs, a FAVR program reimburses employees based on the actual costs of driving for work.
A fixed and variable rate (FAVR) vehicle program supports your employees and your business in the following ways:
- Decreases risk and liability
- Reimburses employees fairly and accurately for the business use of their personal car
- Reduces administration work and improves scalability
- Ensures IRS compliance with tax-free reimbursements
- Allows employees to choose the type of car they drive
Are you ready to help your business thrive with a modern vehicle program? Fill out the form and discover how FAVR can make a difference for your business today!