Managing the Financial Side of Commercial Fleets

Fleet FAQ? Fleet Management & Leasing

Q. What factors need to be taken into account when calculating the lifecycle costs of a vehicle from acquisition through disposal?

May 17, 2017, by - Also by this author

A. Total cost of ownership will vary based on the type of vehicle used, application, and operating conditions. Generally speaking, cost of ownership will include origination & lease based costs, fuel, maintenance, depreciation and other services based on actual industry data and customer run rates and evaluated on a cost per mile basis. Consulting a fleet management professional can help determine cost of ownership for your fleet.

Author Bio

Jack Firriolo

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Chief Operating Officer

Jack Firriolo is the Chief Operating Officer at Merchants Fleet Management. As a member of senior leadership Jack not only provides vision for the company, but also delivers best-in-class results across all operating areas. As a business industry expert Jack is relied on to oversee the completion of information technology projects, and to help grow the Merchants Fleet Management brand.

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