Comprehensive Guide to Understanding the Cost of Ownership for a Commercial Truck

Understanding the cost of ownership for a commercial truck can sometimes be overwhelming. But, if you're contemplating this significant investment, understanding all factors that contribute to the total cost of ownership (TCO) is crucial. 

Depreciation

Depreciation is often the most prominent factor affecting TCO. Commercial trucks are not immune to this; they begin losing value from the moment they leave the dealership.

Operating Expenses

Operating costs like fuel, maintenance, insurance, and licensing fees all contribute substantially to yearly expenses.

Maintenance and Repairs

Regular maintenance is a given for any commercial vehicle. However, costs will fluctuate based on the age and mileage of the truck - be sure to plan accordingly.

Financing

Assuming you're financing your commercial truck, interest rates have a considerable impact on TCO.

Downtime Losses

An often-overlooked component affecting TCO is downtime losses - productivity lost when your truck is unusable due to repairs or maintenance needs.

Understanding these contributing factors can guide future decisions around purchase versus leasing options. 

Why not take some time to fully assess your potential investment at Draco Truck & Equipment Inc., located in San Diego, CA? We provide exceptional service not only in San Diego but also in Chula Vista, CA. We care about our customers and want to ensure you feel confident in making these vital decisions regarding your business's future. Visit us today at Draco Truck & Equipment Inc. — let us help make owning a commercial truck as hassle-free as possible.