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Identify This section should clearly
- Job need drivers
- Status or perk drivers
- Other areas common
Key Information to Include
Company Car Policy forms the bedrock of a good fleet strategy. The company car policy document controls who is eligible for a vehicle, examples of the types of vehicle they can expect to receive, and the rules and regulations governing the use of the vehicle.
The policy also covers the process and rules for drivers who are thinking of the car or cash allowance alternative.
If you would like a free copy of our company car policy template then please get in touch.
Your policy should start with the purpose of the document and the areas it will cover, such as employee eligibility and the different choices available. This section should cover where the policy fits with other process documents (e.g. Expenses Policy and Health and Safety at Work Policies).
Version control is always a helpful feature to deal with any queries which may arise from drivers.
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Contract hire is the most common form of fleet finance and is the basis of many company car policies. It is a form of operating lease that can include an optional fixed-price maintenance package. At the contract’s start, the vehicle price is for a set term and mileage.
Contracts usually run for anywhere between 24 and 60 months. After that, the lessee pays a fixed monthly sum throughout the contract. At the end of the agreement, the driver must return the vehicle to the lessor.
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Changes to legislation and new vehicle technology mean the approach to fleet management needs to be constantly adapted.
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