this is NOT IE 8
FAVR - Fixed and Variable Rate Reimbursement Plans

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Fixed and Variable Rate (FAVR)

Fair, accurate, and defensible™ reimbursements based on fixed and variable costs

1

What is Fixed and Variable Rate Reimbursement?

1

Companies need fair, accurate, and defensible reimbursement programs that align with their organization’s objectives. Fixed and variable rate programs combine the fixed costs of owning a vehicle with geographically-specific variable expenses to produce precise reimbursements. We invented the Fixed and Variable Rate (FAVR) program in partnership with the IRS so you can:

  • Ensure accurate mileage reimbursements
  • Provide precise and complete reimbursements for your mobile workforce
What is FAVR?
FAVR vs Allowance Company Car
FAVR Visibility

2

How Does FAVR Work?

Participants receive a monthly fixed reimbursement based on the costs associated with where they live. Fixed rates are calculated to cover:

  • Insurance
  • Taxes
  • Depreciation
  • Registration

The variable reimbursement each month is scaled to the price of gas where they live. This reimbursement accounts for the changing costs of:

  • Fuel
  • Maintenance
  • Tires

Compliant FAVR programs ensure that participants are reimbursed tax-free.

Calculate Your Savings

Take our free assessment and find out how much you could save on your vehicle program!

3

Going Beyond

Runzheimer ensures fair and accurate, geographically-based reimbursements. Our technology platform ensures employees boost productivity by automating the capture of business mileage with Equo® Mileage Capture, which allows them to submit mileage receipts from anywhere! Additional solutions include:

Insights for FAVR