Total Cost of Ownership

Updated

 
The cost of ownership is available for any car within Valuation Anywhere, up to an age of 5 years old. It can approximate a monthly running cost for the looked up vehicle. For it to calculate this cost it will assume a 3 year ownership, doing 36,000 miles in that time. This will then present back an approximate total cost, broken down into a monthly cost and a per mile cost. You can find the Total Cost of Ownership tab under the valuation tables.
 
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Within the tab there are 2 key areas to notice, the 'Overall Cost' and the 'Cost Breakdown'. The 'Overall Cost' will present the total cost for the 3 year period, alongside the monthly and per mile costs. These give a general idea of the costs to keep the vehicle running.
 
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The 'Cost Breakdown' takes the total cost and shows the various elements that made up that total. For example the Depreciation in the image above is £5,145, accounting for almost half the total cost. This can be useful in knowing what to look for in the next vehicle. If the Fuel cost is too high then a higher mpg would be important. This helps in finding a vehicle for a consumer, and eases any concerns around running the vehicle.
 
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This feature will only work on cars, not on any other vehicle type (which will result in the above error).
 
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If the car is over 5 years old then the above error gets shown to explain this.