CarDATA Consultants - Oakville
CarDATA Consultants offers premium vehicle reimbursement programs for companies in North America. Located in Oakville, CarDATA provides reimbursement programs to fit business requirements, including, Cents per Kilometer, Fixed Payment, and Fixed and Variable Payment. They also offer: program analysis and design, car policy preparation, allowance program implementation, driver insurance verification, and more. CarDATA provides fast, cost effective vehicle reimbursement solutions.
A schedule is developed for each driver and their corresponding territory. This schedule incorporates local variations in taxes, license, insurance, depreciation, and fuel expenses. Drivers are also assigned a mileage band which in combination with other data, produces precision reimbursement amounts, to a zip level. While adhering to company policy and guidelines, drivers are able to be confident that their unique expense profile will be covered by their reimbursement.
CarData provides highly efficient vehicle reimbursement solutions with the objective of improving client ROIs, minimizing company liability, and allowing a reallocation of employee resources, which would otherwise be subscribed to the performance of time-consuming administrative tasks.
Product and Services
An IRS compliant vehicle reimbursement program is non-taxable. This means payments to the drivers do not incur standard income taxes, and the full reimbursement goes directly into the hands of employees. This maximizes the value of each dollar given to a driver in order to acquire, operate, and maintain their vehicle.
The most immediate satisfaction with a VRP (Vehicle Reimbursement Plan), or cause for dissatisfaction, occurs when Drivers fill up their cars at the gas pump. Every day the price of gas is different, every day their dollars buy more or less fuel. CarData knows this and recognizes how important it is to be transparent to Drivers. Each month the new monthly cents-per-mile rate for their territory is displayed in CarData Online. The cents-per-mile rate is the average of the daily fuel prices for each city in their territory for every day of the month.
The flexibility of vehicle choice allows options which suit a driver’s family and lifestyle, while remaining within corporate policy. For some drivers this means a minivan with family console and entertainment options, for others it allows the usage of a sport utility vehicle with tow capabilities and an upgraded sound system. Not only does this increase employee satisfaction, allowing them to utilize the vehicle they need most, but it also removes the liability which arises from company provided vehicles.
Videos uploaded by CarDATA Consultants
Videos uploaded by