Did you know that total cost of ownership (TCO) not only includes financing the cars but also maintenance, insurance and depreciation? In order to understand the true end-to-end cost of your fleet, you need detailed insights into your direct and indirect costs.
Manage direct and indirect costs
Direct costs are made up of depreciation, interest, vehicle repair and maintenance, tyres, insurance, fuel consumption, tax and fleet management fees. Indirect fleet costs are often harder to quantify but have a significant impact on your bottom line. These include time spent on fleet management processes and administration, and employee productivity factors such as driver downtime and motivation.