An accurate total cost of ownership (TCO) calculation is the bedrock strategy of the most successful fleet operations. The accuracy of this calculation will maximize a vehicle’s residual value and it’s return on investment.
There are several factors that fleet managers need to consider when making TCO calculations in anticipation of resale, including:
Most of all, you’ll need to do your homework before purchasing a vehicle.
To learn how to factor TCO for maximize your resale values, download this whitepaper today.
By the editors of Vehicle Remarketing Reporter
There are three options available to fleets for moving vehicles around the country, including haulers, enclosed transportation, and a driveaway service. Asking the right questions will help you determine your best option for transporting your vehicles to auction.
Spending time and money to recondition a vehicle isn't an either/or proposition. Following a simple rule of thumb will help you evaluate if it's worth investing budget dollars to make a cycles out vehicle ship shape for auction.
When a fleet vehicle heads to auction, it’s history and condition at the point of sale will largely determine its price. The condition report is a crucial tool for both buyers and sellers to set the vehicle’s true value. Learn about the seven points every condition report must include.
Residual value continues to be a big part of a fleet vehicle’s total cost of ownership (TCO). Traditionally, vehicles have been remarketed through physical auction lanes. While the physical auction remains an important remarketing method, there are several emerging channels that can be used to optimize results.