Fleet News

Publisher phases out 200-vehicle fleet in cash-for-car move

A NATIONAL magazine publisher has scrapped its fleet of almost 200 company cars and is now offering employees a cash- for-car scheme as an alternative.

London-based National Magazines Company said by offering a cash option, its employees would have more flexible and worthwhile benefits.

Fleet Alliance is overseeing the transition for the publisher which produces titles such as Cosmopolitan and Esquire and is advising the company's employees on issues such as the amount of cash available and funding options.

Diane Thorpe, director of facilities at the National Magazine Company, said: 'Fleet Alliance also recommends insurance packages for employees that eliminate the risk of ownership. The new system is working very well and we hope to offer Fleet Alliance's services to all employees by the end of the year.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee