Tahoe Police Model Found to Have Lowest Lifecycle Cost
Chevrolet Tahoe's strong residual value was a contributing factor to the Tahoe Police 2WD model's low lifecycle cost.
DETROIT- The Chevrolet Tahoe Police 2WD vehicle was found to have the lowest lifecycle cost in the law enforcement market, according to a lifecycle cost analysis by Vincentric.
Vincentric, which specializes in the area of automobile lifecycle analysis, recently released its 2010 law enforcement vehicle market analysis that measured 20 mileage/lifecycle timeframes.
The lifecycle computation analysis evaluated seven factors: depreciation expense, fuel costs, finance costs, opportunity costs, maintenance costs, repair costs, and insurance costs. When these seven factors were analyzed for 2010 police models, the Chevrolet Tahoe's strong residual value put it at the top of the list. Other models in the comparison were the Chevrolet Impala, Ford Crown Victoria, and Dodge Charger.
Lifecycle cost analysis allows government agencies to more effectively compare the cost to own and operate law enforcement vehicles. The data provided facilitates a better informed decision about which vehicles provide the combination of features essential to their operations versus the overall lifecycle costs.
"Our intent with any of our fleet lifecycle cost analyses is to provide guidance to all types of fleet buyers, including small businesses, large commercial fleets, and police and other government organizations," stated David Wurster, president of Vincentric. "By looking at as many different mileage/lifecycle timeframe scenarios as possible, we're able to account for a wide variety of driving and ownership patterns and provide an independent, solid foundation for accurately evaluating the lifecycle costs of fleet vehicles."
Click here to view the Vincentric law enforcement market analysis report.