Online service offers 4,000 vehicle configurations
BINGHAM FARMS, Michigan: Vincentric, a provider of automotive cost-of-ownership data has released a cost-to-own fleet lifecycle calculator. The Dynamic Cost to Own: Canada Fleet Edition online lifecycle costing tool is an extension of Vincentric’s Dynamic Cost to Own product line.
The Dynamic Cost to Own software is deployed through a software as a service (SaaS) delivery model. It calculates total cost of ownership based on user inputs, enabling an infinite number of custom lifecycle cost queries, with the results displayed within seconds. The system enables users to customize dozens of specific variables for each market and each driver, including actual acquisition costs, specific annual driving distance, finance terms, fuel costs, lifecycle terms and dozens of other variables for each of the approximately 4,000 Canadian vehicle configurations available.
“Many manufacturers, leasing companies, and fleet operators are using Dynamic Cost to Own to understand and apply lifecycle cost data and support their efforts in the fleet industry,” stated David Wurster, president of Vincentric. “We are excited to be the first to introduce such a comprehensive lifecycle costing tool for Canada, enabling users to determine ownership costs based on customizable costs, rates, marketplace factors, and lifecycle terms at both the national and provincial level.”
The Vincentric data measures eight cost elements for every vehicle in the database, including: depreciation, financing, fees and taxes, fuel, insurance, maintenance, opportunity cost and repairs. Each month Vincentric re-compiles its database to take into account current vehicle prices, resale values, fuel costs, finance rates and other economic and market factors to ensure that users have 24/7 online access to the most up-to-date and accurate ownership costs in the country.