Fredrik Kaldéus’ Post

Review Company Vehicle Policy. Vehicle whole life costs are one of the least-considered but most important factors that procurement teams need to consider when it comes to tendering for their fleet vehicles. It may seem simple but having a fleet supplier that provides information that takes into account all aspects of running a vehicle, including tax, maintenance, fuel and insurance – amongst a number of other factors – means a business can take a look at two models with an identical list price but be able to choose the one that is most cost effective for their fleet over the vehicle’s life. https://buff.ly/3Sh4YZv

More new year changes... Effective January 1, 2024, the IRS standard mileage rate will be 67 cents per mile driven for business purposes, which is up 1.5 cents from 2023). This rate also applies to electric and hybrid vehicles. #irsupdates #irs #mileagerates #2024planning #2024compliance #hryearendreview #hrconsultant

Daimler Truck Financial Services starts project to set up business in Poland, Czech Republic and Slovakia: … and customers of Daimler Truck. Business operations are … and Slovakia. Daimler Truck Financial Services plans to … Truck Financial Services supports the sale of Daimler trucks … connectivity services. At Daimler Truck Financial Services, the organization … #truck #trucks #cars

“𝘾𝙖𝙣 𝙮𝙤𝙪 𝙇𝙚𝙖𝙨𝙚 𝙖 𝙐𝙨𝙚𝙙 𝙑𝙖𝙣?“ Certainly, we can provide Finance Lease arrangements for pre-owned vans. The duration of the lease will be determined by the age and mileage of the specific vehicle in question. Each vehicle will receive a tailored quote based on the lease term, annual mileage, and initial rental amount. Unlike new vehicles, a finance lease for a used vehicle will not cover road tax for the initial 12 months. Customers will be responsible for taxing the used vehicle themselves. All used vans come with either the balance of the manufacturer's warranty or a minimum of a 12 month independent warranty with nationwide coverage. If you have any questions surrounding vehicle leasing, we have a super handy guide section on our website that is a great place to start! https://lnkd.in/eBmKavT2 #facts #leasingfacts #newvehiclesolutions #nvs (‘We are a credit broker and not a lender’ Finance is subject to status and finance company acceptance. For full T&C’s visit https://lnkd.in/eF3CbuX . New Vehicle Solutions Limited which is authorised and regulated by the Financial Conduct Authority.)

Carly Holdings Limited (ASX:CL8) - Fleet expansion has driven revenue Research as a Service (RaaS) has published an update on vehicle subscription services group Carly Holdings following its Q4 results. The Q4 FY23 result was defined by utilisation of the $10m finance facility secured at the end of March, with 66 owned vehicles added to the fleet. Fleet utilisation rate remained high at 84% as the company absorbed new vehicles. The delays in securing vehicle finance have tempered our forecasts for timing, with a commensurate adjustment in valuation. Our valuation is now $24.4m (previously $27.1m) or $0.091/share against a reference price of $0.25/share. Chris Noone Mike Mobilia Adrian Bunter Scott Maddock #subscriptionbusiness #vehiclesubscription #quarterlyresults

Beginning Jan. 1, 2024, the Internal Revenue Service's standard mileage rate for the use of a car (also vans, pickups, or panel trucks) will be 67 cents per mile driven for business use, up 1.5 cents from 2023. The rates apply to electric and hybrid-electric vehicles and gasoline and diesel-powered vehicles. The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. #irs #taxes #mileagerates

Managing a Vehicle Reimbursement Program (VRP) can often bring up complexities and uncertainties. Every business leader knows the pain of grappling with reimbursements, ensuring tax compliance, and achieving efficiency. But with Cardata, we turn those challenges into seamless processes. Here’s how our fully-managed VRP eases your journey: 1️⃣ Choose a Vehicle Category: From small cars to pickup trucks, select a category that aligns with your company's image. Employees have the autonomy to pick their vehicle; you just focus on the reimbursement category. 2️⃣ Define Business Use:  Eliminate the guesswork. Set the percentage of vehicle usage for business tasks. 3️⃣ Enter Employee Details: With diverse employees come diverse needs. We factor in unique addresses for accurate tax, insurance, and other essentials, ensuring region-specific, tax-free vehicle reimbursements. 4️⃣ Monthly FAVR Reimbursement: Let us handle the specifics! Break down reimbursements into fixed (covering depreciation, insurance, and more) and variable rates (encompassing fuel costs, maintenance, and tires), with daily tracking for up-to-date adjustments. Partnering with the right VRP specialist can redefine your company's success and alleviate those pain points. Want a smooth ride in the world of reimbursements? Discover more in the comments. #FAVR #mileage #Fleet #mileagetracking #IRScompliance #Cardata

Writing in the March edition of IMI MotorPro magazine, Peter Cottle discusses recent FCA policy updates regarding motor finance. These updates, particularly scrutinising past commission arrangements and introducing procedural changes, are crucial for industry professionals to understand. You can read the article in full on our website: https://lnkd.in/e-Kay-se #motorfinance

Last week, the IRS announced that the 2024 business mileage rate is 67 cents per mile. This figure was calculated using Motus cost data and analysis, and marks a 1.5 cent increase from 2023. 📊 As driving costs have continued to increase, it's more important than ever for companies to prioritize their mobile employees, and take an equitable approach to reimbursing drivers. 🚘 Motus helps give companies visibility and control over their complete vehicle reimbursements and risks while improving employee satisfaction by offering the broadest range of tax advantaged reimbursement programs. Since 2011, Motus calculates that organizations have saved more than $1.4 billion using the Motus Platform compared to the IRS business mileage standard. Learn more about the recent news and how Motus can offer a tailored solution: https://lnkd.in/ex5_VMNu

LEASE A 2024 TUNDRA SR5 - $459 per month of the 36 months - $3,999 Due At Signing or 2024 TUNDRA - 1.99% APR - FOR UP TO 48 MONTHS Visit our website to check inventory now! https://lnkd.in/gTiFBjv Lease example based on 2024 Tundra 4WD Crew Max SR5 V6 10AT Model 8361 with Total SRP of $55,693, net capitalized cost of $50,017, and a lease end purchase amount of $38,428. $3,999 Due At Signing includes $2,890 customer down payment, first month's payment of $459 of the 36 month lease offer, and $650 Acquisition Fee. Lessee responsible for maintenance, excess wear and tear, and pays $0.15 per mile for all mileage over 10,000 miles per year. Lease cash, if advertised, is only valid in combination with lease program through TFS. $350 disposition fee is due at lease end. 1.99% Financing for 48 months is $21.69 for every $1000 Financed. Offers available to eligible customers on approved Tier 1+ or Tier 1 credit who finance thru Toyota Financial Services. All Security Deposits are waived upon bank approval. Payment may vary depending on model, equipment choice and Final Transaction Price. Offers may not be combined. See dealer for details. All vehicles are subject to prior sale plus government fees and taxes, any finance charges, $85 dealer document processing charge, any electronic filing charge, and any emission testing charge. Offers valid thru 7/1/2024.