Clients of LeasePlan USA will be able to take control of their fleet’s mileage reimbursement costs through a new partnership with MileIQ, a Microsoft-owned company. Under the service agreement, LeasePlan clients will be able to leverage a new solution for employees who drive their personal vehicles for business purposes.

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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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