Q. What factors need to be taken into account when calculating the lifecycle costs of a vehicle from acquisition through disposal?

A. Total cost of ownership will vary based on the type of vehicle used, application, and operating conditions. Generally speaking, cost of ownership will include origination & lease based costs, fuel, maintenance, depreciation and other services based on actual industry data and customer run rates and evaluated on a cost per mile basis. Consulting a fleet management professional can help determine cost of ownership for your fleet.

 

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