ECOS: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: The Treasurer, May 2014, p33, Paul Lippitt, "Funding the Fleet".) |
imported>Doug Williamson (Layout.) |
||
| (3 intermediate revisions by the same user not shown) | |||
| Line 5: | Line 5: | ||
#Legal title to the vehicle passes to the employee driver at the start. | #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 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 repayments to the fleet finance provider. | #The employer makes a series of cash payments to the driver, to cover the driver's repayments to the fleet finance provider. | ||
| Line 11: | Line 11: | ||
== See also == | == See also == | ||
*[[Contract hire]] | *[[Contract hire]] | ||
* [[Vehicle]] | |||
[[Category: | [[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.
