Enter your vehicle figures to see the true annual cost — not just purchase price, but depreciation, fuel, maintenance, insurance, and downtime combined.
For most vehicles, depreciation is 35–50% of total annual cost. A new van that costs £28k and is worth £8k in 5 years costs £4,000/year before you drive it anywhere.
Every day a vehicle is off the road unexpectedly has a direct cost — missed jobs, hire vehicles, or idle staff. Multiply days down by your day rate to quantify this.
Fleet industry typical cost per mile ranges from 35–55p for vans. If your number is outside this range, dig into which cost category is high.
AssetOS logs every service, repair, and downtime event across your fleet — so your TCO is always up to date, without the spreadsheet.
Total Cost of Ownership covers: acquisition and depreciation, fuel or energy costs, insurance, scheduled maintenance, unscheduled repairs, tyres, licensing and compliance costs, and downtime costs when the vehicle is off the road and unable to generate revenue.
Depreciation is typically the largest TCO component for newer vehicles — often 30–50% of total annual cost. It decreases as the vehicle ages while maintenance costs increase. Identifying the crossover point helps set optimal replacement cycles.
For a medium-sized commercial van in the UK, typical TCO runs £12,000–£18,000 per year depending on mileage, fuel type, age, and usage intensity. Electric vans have lower fuel and maintenance costs but currently higher depreciation on residual values.
The highest-impact levers are: optimise replacement cycles based on data (not guesswork), implement a preventive maintenance programme to cut unscheduled repairs, and track idle time and route efficiency to reduce fuel waste. Teams that track TCO per vehicle typically find 15–25% reduction opportunities within 12 months.
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