ECOS: Difference between revisions
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imported>Doug Williamson (Create the page. Source: The Treasurer, May 2014, p33, Paul Lippitt, "Funding the Fleet".) |
imported>Doug Williamson m (Add "driver's" for clarity.) |
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#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. | ||
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*[[Contract hire]] | *[[Contract hire]] | ||
[[Category: | [[Category:Corporate_finance]] | ||
Revision as of 18:49, 15 May 2014
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.
