What is total cost of ownership?

Total cost of ownership refers to the total cost of purchasing and operating a vehicle. This includes all costs associated with the vehicle for the length of ownership.

While total cost of ownership commonly relates to the costs associated with a single vehicle, fleet total cost of ownership refers to the cost of purchasing and operating an entire fleet.

There are many components of fleet total cost of ownership. In general, it includes the purchase price, as well as the costs to operate and maintain fleet vehicles. Many fleet managers also consider downtime as an expense. 

Fleet total cost of ownership is often referred to as TCO or fleet management costs.

Table of Contents
Primary Item (H2)

Sign up for Kia Fleet vehicle resource updates.

At Kia Fleet we are dedicated to improving your fleet's reliability & value.  Sign up for our fleet resource newsletter for industry best practices, fleet news and special fleet only offers.
  • This field is for validation purposes and should be left unchanged.
crossmenuchevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram