ECOS: Difference between revisions

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imported>Doug Williamson
m (Add "driver's" for clarity.)
imported>Doug Williamson
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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:

  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