Executive Vehicle Program Guidelines
DMD007
4 Posts
I'm looking to establish guidelines for our Executive Vehicle Program. Questions I'm looking to answer include:
- How often is vehicle replaced? (years/mileage)
- Dollar value of vehicles - different levels for level of management
- What is done if executive wants vehicle that exceeds guidelines?
- Anything else that I might be overlooking
Thank you in advance. If you have a policy or a set of guidelines that you wouldn't mind sharing with me, please email me at ddenker@molocompanies.com
Deb
- How often is vehicle replaced? (years/mileage)
- Dollar value of vehicles - different levels for level of management
- What is done if executive wants vehicle that exceeds guidelines?
- Anything else that I might be overlooking
Thank you in advance. If you have a policy or a set of guidelines that you wouldn't mind sharing with me, please email me at ddenker@molocompanies.com
Deb
Comments
In my experience, passenger sudans are the most popular cars - $18,000 to $40,000. Though I have noticed some trucks and especially SUVs in the last few years. Three year leases are very common.
You could allow the employee to get a more expensive car than is usually provided, along with a salary adjustment - or offer an incentive to get the less expensive car.
Things to remember in putting together your policy: what restrictions are there on the use of the car (family members, personal use), who is responsible for maintainance, checking driver's licenses and checking their driving history, who pays for fuel, conditions under which the car may be taken away.