TOTAL COST OF
OWNERSHIP (TCO) EXPLAINED
It’s important to see the full picture when choosing the right business cars for your fleet.
When you’re considering which business cars to add to your fleet, if you only consider the purchase or lease cost then you’re not seeing the full picture.
What might seem like the best deal initially could lead you to experience higher running 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 (also known as whole life cost) brings all these costs together in one place, allowing you to make a fully informed decision.