WHOLE life costs. Have you ever had that term thrown at you? (And not understood what it means?)
No doubt you have – and there will be plenty others like you too.
But live life in the dark no more.
The book shows how whole life cost data is assembled, how costs change when different financial products are chosen and the effect of taxation
Colin Tourick, a fleet and company car tax specialist has written a new book entitled Whole Life Costs: a guide for fleet professionals in association with automotive systems and data supplier KeeResources.
The book shows how whole life cost data is assembled, how costs change when different financial products are chosen and the effect of taxation. It also offers an answer to the question; “What is the difference between whole life costs and total cost of ownership?”
Colin says this is the first time a book on this topic has been written for fleet professionals.
“The original idea for this book came from a conversation with a group of fleet managers who were discussing cost reduction. One said “We keep costs low by focussing on whole life costs” and the others nodded sagely. Then another said “We moved beyond that ages ago and now focus on the total cost of ownership”.
“One brave soul then said “What’s the difference?” which kicked off a conversation that ended up demonstrating that they all had completely different definitions of whole life cost and total cost of ownership. They all felt their idea was correct and the conversation quickly descended into confusion.
“The purpose of this book is to try to shine some light into this area.”