ECOS

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Revision as of 18:49, 15 May 2014 by imported>Doug Williamson (Add "driver's" for clarity.)
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Employee Car Ownership Scheme.


A method of providing vehicles for employees under which:

  1. Legal title to the vehicle passes to the employee driver at the start.
  2. The driver makes a series of repayments, usually monthly, to cover finance and maintenance.
  3. The employer makes a series of cash payments to the driver, to cover the driver's repayments to the fleet finance provider.


See also

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