Vincentric Releases Total Cost of Ownership Calculator for Fleets
BINGHAM FARMS, MI - Vincentric, a provider of cost-of-ownership data to the auto industry, announced Jan. 12 the release of “Dynamic TCO: Fleet Edition” calculator. This new lifecycle cost tool applies Vincentric's Dynamic TCO Technology and Total Cost-of-Ownership (TCO) data to create a comprehensive and customizable lifecycle cost system for the fleet industry.
Dynamic TCO: Fleet Edition is primarily deployed through a software-as-a-service (SaaS) delivery model. It calculates TCO based on user inputs, enabling an infinite number of custom lifecycle cost queries with the results displayed within seconds. Users are able to manipulate dozens of specific variables for each market and each driver, including actual acquisition costs, specific annual mileage, state, finance terms, fuel costs and lifecycle terms for more than 2,000 vehicle configurations from the 2011 and 2012 model years.
“We’re excited that our clients can now dive into lifecycle cost details like never before,” stated David Wurster, president of Vincentric. “In addition to using their actual acquisition costs, users can utilize Dynamic TCO to determine ownership costs based on a lifecycle term of 6-84 months in one month increments, and also base results on literally any annual mileage between 7,500 and 40,000.”
The Vincentric data measures eight cost elements for every vehicle in the database, including depreciation, financing, fees and taxes, fuel, insurance, maintenance, opportunity cost and repairs. Each month Vincentric re-compiles its database to take into account current vehicle prices, resale values, fuel costs, finance rates, and other economic and market factors to ensure that users have 24/7 online access to the most up-to-date and accurate ownership costs in the country.
Further information regarding Vincentric's Dynamic TCO: Fleet Edition and its benefits is available at www.vincentric.com.