What is the total cost of ownership calculation?
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What is the total cost of ownership calculation?
The total cost of ownership (TCO) calculation estimates the complete cost of acquiring and operating an asset over its lifetime.
What factors are included in the TCO?
TCO includes purchase price, maintenance costs, operational expenses, and any disposal costs at the end of the asset's life.
How can I calculate TCO for a vehicle?
To calculate TCO for a vehicle, sum the purchase price, insurance, fuel, maintenance, and depreciation over the expected ownership period.
Are there any tools to help with TCO calculations?
Yes, there are various online calculators and software tools designed to help you estimate TCO for different assets.
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