Why is TCO important?

TCO is important to calculate because it helps fleet managers and owners better manage their fleet. Fleet total cost of ownership demonstrates the true costs of owning and operating a fleet. Therefore, using this information, fleet managers and owners can track costs and determine how to optimize fleet performance to maximize their return on investment. Fleet total cost of ownership can also help fleet managers recognize and address safety-related issues and identify how new technology can assist with fleet management. Most importantly, TCO can help with important financial and business decisions. 

For example, accurate TCO figures can assist with detailed financial reporting, decisions about when to replace fleet vehicles, maximizing profitability and ROI, and monitoring vehicle and driver performance.

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