Calculating the Total Cost of Fleet Ownership

Mobile Workforce, Trucking, TCO

Total cost of ownership (TCO) measures the real cost of a vehicle, including all associated costs like acquisition and maintenance. An accurate TCO calculation can help your company determine when to replace fleet vehicles, service them or consider transitioning to leased vehicles. It’s important to measure TCO accurately because a misleading calculation can provide false forecasting into the cost of your assets and lead to damaging financial decisions.