Magazine for the car and truck fleet and leasing industry
Issue link: https://autofleet.epubxp.com/i/140727
❲ AUTOMOTIVE FLEET PERSONAL USE STATISTICS ❳ Who, Besides the Employee, is Allowed to Use a Company Vehicle? 85% 80% 60% 64% 50% 40% 30% Percentage of fleets that allow personal use of company-provided vehicles. O No One O Employee's Spouse O Employee's Licensed Children O Other* 30% 20% 10% 10% 89% O O O O Expense account deduction Payroll deduction Employee check Other* *OTHER INCLUDES REPORTED TO THE IRS, TAXABLE INCOME ADDED TO W-2, OR COLLECTED BY FLEET MANAGEMENT COMPANY. 21% ❯ The majority of feets (89 percent) utilize a payroll deduction to collect personal use charges. Fleets also utilize expense account deductions and employee checks (at 2 percent each). 64% Percentage of employees charged directly for personal use of companyprovided vehicles. Fleets utilize several factors to determine personal use of company-provided vehicles, many utilizing more than one factor. The most popular factor is an employee's job function at 73 percent. AUTOMOTIVE FLEET ❙ 2013 80% 70% 73% 60% 50% 40% 48% 50% 30% 20% O Annual business miles driven O Fringe benefit O Job title O Job function O Other* 21% 10% 2% 0% ❯ *OTHER ALSO TAKES INTO ACCOUNT DAYS USED AND NO SPECIFIC POLICY. TOTAL EXCEEDS 100% DUE TO ABILITY TO SELECT MULTIPLE RESPONSES. How Are Employees Reimbursed for Business Use of a Personally Owned Vehicle? 6% 86% SOURCE: ALL CHARTS AF RESEARCH DEPT. 44 ❯ The majority of feets (64 percent) allow an employee's spouse to use a company-provided vehicle, while 30 percent state that no one besides the employee is allowed use. What Factors Govern the Assignment of Company-Provided Vehicles 3% 5% O O O O Combination per mile/flat rate Fixed & Variable Rate allowance (FAVR) Flat monthly rate Per-mile rate When feets reimburse employees for business miles driven in a personal vehicle, the majority do so using a per-mile rate (86 percent), followed by a combination per-mile/fat rate (6 percent), fat monthly rate (5 percent), and fxed & variable rate (FAVR) allowance. ❯ 2% 13% 0% How Are Personal-Use Charges Collected 2% 7% *OTHER INCLUDES DOMESTIC PARTNERS, OTHER COMPANY EMPLOYEES, HOUSEHOLD RESIDENTS OVER 18 YEARS OLD, ANYONE IN AN EMERGENCY SITUATION, AND CHILDREN OVER 21 STILL LIVING AT HOME. TOTAL EXCEEDS 100% DUE TO ABILITY TO SELECT MULTIPLE RESPONSES. 70%