Fleet News

New online service can run cash-for-car schemes

FLEET Alliance has teamed up with The Miles Consultancy to launch a new online product designed for fleets running cash-for-car schemes.

The new service, called tmcfleet, is aimed at those companies already offering or considering introducing a cash allowance scheme as an alternative to the company car, but which are looking at ways of reducing costs.

It provides savings for all companies currently offering a cash alternative and repaying employees for the business miles they cover in their own cars, by using the Inland Revenue Approved Mileage Allowance Payments to create tax credits to reduce costs.

The service also allows company employees to source vehicles of their choice at low rates online, via their own electronic personal contract purchase account. Employees can run cars for two, three or four years and in addition, tmcfleet provides maintenance support and ensures that current health and safety obligations are met by ensuring vehicles are fit for purpose.

Paul Jackson, managing director at The Miles Consultancy, said: 'Tmcfleet has been designed to meet an identified need from business, which utilises cash-for-cars and is packaged to maximise the tax benefits and take over the burden of all aspects of fleet administration.

'Our solution works for all companies who are looking at or already offer cash in lieu of a company car.'

Glasgow-based Fleet Alliance claims the system can help fleets reduce costs and generate health and safety compliant audit trails.

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