The true cost of your van fleet is not the monthly rental, or even the list price of the vans. For a valid figure, you need to know the vehicle Whole-Life Cost – sometimes also known as the Total Cost of Ownership. This takes into account a range of factors, and involves a number of different stakeholders in assessing them.

Calculating LCV Whole-Life Costs

Just as the true cost of your van fleet is more complicated than it initially appears, so the Whole-Life Cost (WLC) is not a simple financial decision. The importance of the fleet to your business is greater than simply its capability for moving goods from A to B. That’s why such a broad spectrum of factors needs to be taken into consideration when calculating the WLC.

 


 

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