Driving a vehicle incurs two types of costs: ﬁxed and variable. FAVR, or fixed and variable rate, addresses both.
Company-selected, job-appropriate car
FAVR accurately addresses the costs of owning and operating a standard vehicle relative to each employee's territory costs and miles driven.
Unequal expenses should not receive equal reimbursements. Standard allowances and mileage rates over-reimburse some employees and under-reimburse others. FAVR solves this problem and is tax-free for both company and employee (IRS Revenue Procedure 2010-51).
mBurse administers customized FAVR vehicle programs. We want you to focus on your business.
How we create and implement a new policy.
Data is our strength. We help you create a baseline for all vehicle categories to generate a customized reimbursement for each employee, based on vehicle values, fuel and insurance costs, and more.
We partner with you to write a clear, customized auto reimbursement policy and rate, using our data models. We ensure fairness and continuity in how you manage reimbursing your drivers.
To ensure smooth change management, we help you communicate the beneﬁts of your new policy. Once installed, we provide continued support to ensure you receive the full range of beneﬁts.