Total cost of ownership (TCO) takes into account all direct running costs when selecting a vehicle. This ensures you are getting the right vehicles for your fleet and do not incur any unforeseen additional costs.
A full TCO approach will include direct costs such as funding, maintenance, depreciation, fuel, taxation and insurance. TCO facilitates making effective comparisons between different vehicles leading to effective vehicle selections and reduced risk across the fleet.
Vehicle policy based on TCO should be how your drivers select their vehicles and loaded onto digital quote platforms.
At EVP Solutions we can help you formulate an effective fleet policy based on total cost of ownership criteria.
If you would like some assistance with your vehicle selections then please