This is a dedicated service to some organizations. Vehicles are attached to the company on a daily basis and used by designated officers. The benefits of this scheme are as follows:
- The company will always have vehicles for daily official movements at their disposal.
- It allows the company make budget of vehicle requirements on a daily/weekly basis by departments within an organisation.
- No financial outlay for vehicle purchase is required, Paragon will supply vehicle, chauffeur, statutory papers, insurances etc
- Fueling / parking tickets / toll fares will be borne by the company.
- The company will only pay for vehicle when used.
- The company’s overheads in terms of chauffeurs salaries is completely eliminated.
- The daily rental payment can be considered as an operating expense, charged against profits as a deduction for tax purposes. In this case, there is a tax benefit to the company.
- A monthly management reports from Paragon will provide accurate fleet efficiency information and movements of vehicles if required by management of the company.
- Paragon core function is managing fleets and has the required logistics to co-ordinate and support the process.
