Life Cycle Cost could well be called the REAL cost of a motor vehicle. Most people think only in terms of how much they wrote the check to get the vehicle as its cost. This is not at all a true and complete answer. While that initial cost does impact the overall Life cycle Cost, there are many other elements that can affect the real cost by many 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:
The answer is to partner with FLEET and take advantage of our cost optimizing solutions to run your vehicle portfolio at peek proficiency.