Cars and fleet – definition – All employee car ownership plan (AECOP)

An all employee car ownership plan (AECOP) allows all employees who are not entitled to a company car of any description to purchase a vehicle at a discounted rate. An all employee car ownership plan usually favours larger companies which have a strong buying power with car manufacturers.

Both McDonald’s and Barclays have introduced all employee car ownership scheme enabling their staff to buy a car at a discount.

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