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".) |
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Revision as of 15:17, 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 repayments to the fleet finance provider.
