Fuel and the Total Cost of Ownership
Fuel and the Total Cost of Ownership - The fleet owners and managers of today know the importance of looking beyond the initial purchase price and taking into account the total cost of ownership (TCO) of their equipment. Residual value, repairs, maintenance and parts, along with other hard and soft costs, also should be considered when it comes to the true expense of owning a vehicle. No doubt, fuel has always been a huge part of the equation, but it’s usually been centered around the costs of fuel. Fuel impacts vehicle maintenance and performance, of course. But with more and more fleets required to hit sustainability targets, emissions must also be a considered in fleet management. Biodiesel helps lower a fleet’s total cost of ownership (TCO) in many ways, such as through the easement of maintenance issues, increasing performance and cutting back on emissions. Meeting Goals of Sustainability Sustainability when it comes to biodiesel’s environmental benefits should be considered as part of the total cost of ownership, even though it traditionally hasn’t been. This is important, as clean air regulations are rising. Many private and public sector organizations are starting to adopt sustainability plans, so whether your fleet has [...]