TOTAL COST OF
OWNERSHIP (TCO) EXPLAINED
It’s important to see the full picture when choosing the right company cars for your fleet.
When you’re considering which business cars to add to your fleet, if you only consider the purchase price or car leasing cost then you’re not seeing the full picture.
What might seem like the best deal initially could lead you to experience higher operating costs, such as fuel and service and maintenance, over the lifetime of the vehicle and a lower residual value when you come to dispose of it.
Total cost of ownership (TCO) analysis provides fleet managers with an understanding of the total costs of running that vehicle - bringing together all the costs of a vehicle to help identify the most cost-effective option and make a more informed decision.
You can find more detailed information on what makes up a total cost of ownership calculation, including potential hidden costs and how CO2 emissions influence these in our Fleet Knowledge area.
Visit our Knowledge Zone >
Alternatively, visit our Total Cost of Ownership Calculator.
Calculate TCO for your fleet vehicles >
Calculate the Benefit-in-kind (BIK) of your next fleet vehicle.
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