Life Cycle Cost could well be called the REAL cost of a motor vehicle. Most people think the cost of a vehicle is simply the dollar amount of the up-front purchase price. This is not at all a complete answer. While the initial cost does impact the overall Life cycle Cost, there are many other elements that impact the real cost by thousands of dollars.
Life-Cycle Cost is defined as - the overall estimated cost for a particular vehicle, including the total costs for: Depreciation, Fuel, Maintenance and Repairs and Cost or Use of Money to acquire the vehicle over an estimated useful term, based upon mileage or age of vehicle.
The answer to this question also poses more questions:
"What is the optimum life cycle for our vehicles?"
"How long should we keep our vehicles?"
"Which vehicles should we acquire?"
Interested in getting the answers to these questions? We will provide a full analysis of your vehicles to identify savings as a no-cost consultation, let us know you're interested by clicking below: