ECOS: Difference between revisions
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imported>Doug Williamson m (Add "driver's" for clarity.) |
imported>Doug Williamson (Layout.) |
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== See also == | == See also == | ||
*[[Contract hire]] | *[[Contract hire]] | ||
* [[Vehicle]] | |||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
Latest revision as of 10:00, 6 July 2022
Employee Car Ownership Scheme.
A method of providing vehicles for employees under which:
- Legal title to the vehicle passes to the employee driver at the start.
- The driver makes a series of repayments, usually monthly, to cover finance and maintenance.
- The employer makes a series of cash payments to the driver, to cover the driver's repayments to the fleet finance provider.
