Agnew Cars
Agnew Leasing

Whole Life Costs

Image of a car advertising whole life costs for Agnew Leasing

A true understanding of fleet costs

Many companies use either purchase price or monthly rental cost as the central criteria when acquiring vehicles. However, when considering the other costs of running a fleet such as servicing, maintenance, fuel spend, etc., the monthly costs may not fully reflect the true costs over the lifetime of the vehicle.

We utilise market leading fleet analysis software from
Deloitte. This software treats companies and employees
as individual entities to provide the optimum solution every
time, whatever the situation. The software facilitates the
ability to utilise a financial model known as Whole Life
Cost (WLC). WLC is the term given to the overall cost for
your fleet vehicles over the term of leasing or ownership.

Using information specific to your company, Agnew
Leasing will build a model showing accurate WLC’s.
This software will then illustrate a graphical output and
report summary showing the optimum vehicle selection
for your company. Agnew Leasing will then draw up
recommendations for tackling your existing vehicle costs,
improving efficiency, and achieving green objectives.

For more information, enquire now below or contact our dedicated team today on 02890097108.

Enquire Now
Agnew Leasing team working on whole life enquiries at the vehicle leasing department Belfast
Agnew Leasing team working on whole life costs enquiries for fleet management in Belfast

The importance of Whole Life Cost analysis:

  • A true indication of fleet costs: WLC can be used to determine the most cost effective vehicle(s) and appropriate funding methods.
  • Control of your bottom-line spending allows for better forecasts and budgeting.
  • Economical fleet of vehicles: CO2 emission values are highlighted, with values over 50g/km considerably affecting costs. This influences decision makers to select vehicles which have lower CO2 emissions.
  • Increased staff motivation: enhanced banding of vehicles without additional costs.
  • Consistent approach: vehicle choice lists are easy to maintain.

For more information, contact our dedicated team today on 02890097108.

Whole Life Cost takes into consideration:

  • Monthly rental and CO2 emissions
  • Funding costs
  • Running costs
  • Maintenance
  • Insurance
  • Corporation tax rate
  • Residual value
  • WACC rate (Weighted Average Cost of Capital)
  • Employer’s National Insurance (NI)
  • VAT
  • Fuel reimbursement
  • Private and business mileage split
  • Depreciation over the term

For more information, contact our dedicated team today on 02890097108.

Agnew Leasing team dealing with whole life costs enquiries for fleet companies in Belfast