Whole Life Cost Analysis

Understand the true running cost of your business fleet

Toomey Leasing Group can provide a Whole Life Cost Analysis of running a business fleet. It allows companies and fleet managers to work out the true cost of creating and operating a business fleet. When you complete a full whole-life cost analysis, you will be able to make an informed decision when selecting which vehicles to consider for your business fleet.

Our cost breakdown analysis considers:

Acquisition Price

The acquisition price refers to the total amount paid to acquire each vehicle. This includes all associated costs with funding the fleet. Your vehicle acquisition costs vary drastically dependent on if you purchase the vehicles outright of decide to lease.

Servicing and Maintenance

Servicing and Maintenance is the process of keeping your fleet vehicles operational and ensuring they are reliable for the road. The servicing and maintenance of your fleet could vary greatly depending on the type of vehicle you choose and the miles travelled.

Depreciation

Fleet depreciation refers to the decline in value over time due to the day-to-day running of the vehicle. It is the difference between the price of the vehicle and the residual value.

Current Tax Regime

This analysis also takes into account the different taxes involved such as: VAT Corporation Tax, National Insurance and Company Car Tax.

How will this service assist your business?

Accurate Forecasting

1 The breakdown considers all fleet costs, even those you may not be aware of. Allowing you to pick the most suitable vehicle for your fleet and improve the overall efficiency of your business..

No Hidden Surprises

2 Gives you a different perspective of the overall business vehicle costs, as opposed to just the initial costs. This allows your business to be prepared for any additional unexpected costs that may restrict your cash flow.

Greater Visibility

3 It provides clarity of what the vehicle will cost you throughout its contract. This means you can provide an accurate and detailed forecast for the future..

To find out how a whole life cost analysis may help your business, simply call us on 01332 205828.