What is an ECO scheme?

Ever wondered what an ECO is? It

8 April 2008

SHARE

ECO schemes provide ownership for driver and a tax benefit

ECO: employee owns the car

By Nick Sutton, chairman, Provecta Car Plan

Employee Car Ownership (ECO) schemes differ from company cars in one fundamental way: the car is owned by the employee; not the company.

In all other ways, the car is run in a similar way to a company car.

The switch in focus from the company to the driver means two further differences: the car is the driver

Business Motoring Award Winners 2025

ADVERTISEMENT