A. The best way to answer this question is to evaluate the facets of your business and the organization’s historical fleet usage. There is no one formula for determining the short-lifecycle versus long-lifecycle tipping point, which is why careful evaluation using predictive analytics is so important. Using actual fleet and market data to understand how key factors impact total cost of ownership for either scenario is crucial to understanding which strategy may be a good fit. At the same time, giving consideration to business operations and the bottom line is a critical piece of the equation.
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