The Internal Revenue Service has increased the business mileage reimbursement rate to 54.5 cents from 53.5 cents for 2018. The new rate went into effect on Jan. 1.

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Analyzing a leasing strategy versus a reimbursement program is pivotal when considering the best decision for both your drivers and your company. Here are 10 things you should know about reimbursement, and how it can come with many hidden costs.

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leasing vs. reimbursementAnalyzing a leasing versus reimbursement fleet management strategy is pivotal when considering the best decision for both the driver and the company. The following guidebook walks through fleet leasing and reimbursement, and how these two strategies result in drastically different ways a fleet is managed.

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