THE WHOLE OF LIFE
COST CALCULATOR
For many within the fleet profession the biggest challenge when purchasing new vehicles is often
determining the whole of life costs associated with these investments. Is it better to pay a larger cost
upfront or is it worth considering a cheaper option now and investing for down the track? Should
you sell your vehicles now or hold on them to for another 12 or 24 months for a better return?
Many factors contribute to the whole of life cost of a vehicle. These include the vehicle’s fuel
consumption, cost of fuel, kilometres travelled each year, maintenance/repair costs, tyre cost, roadside
assistance, fringe benefits tax, insurance, insurance excess, remarketing costs, decommissioning costs,
interest/notional interest on capital cost of vehicle and vehicle amortisation (difference between
purchase price and residual/sale value).
The Whole of Life Cost Calculator will provide you and your organisation with the total lifecycle cost
of the vehicle represented as total cost, cost per month or year and cents per kilometre. This cost can
then be used to accurately compare different vehicles or to analyse different scenarios for the same
vehicle. Further, you can create a sub asset for a service body that might have a longer effective life and
therefore different residual %.
Key Benefits:
• Compare up to 4 different vehicles or same
vehicle with 4 scenario’s side by side
• Includes the use of RedBook’s Future Price
Ahead to assist with residual setting
• Calculate your FBT obligations based on
the statutory method and ability to include
driver contributions
• Export your data easily in the widely used
CSV file format
• The results include ANCAP and Green
Vehicle Guide ratings
• Plan your future fleet purchases more
efficiently and effectively
• Consider the differences between leasing
vs an outright purchase
What is AfMA?
The Australasian Fleet
Management Association
(AfMA) is a member based,
not-for-profit peak industry
body operating throughout
Australia, New Zealand and
South East Asia.
The Whole of Life Cost Calculator is just one
of many free resources and tools supplied
to all active members of the Australasian
Fleet Management Association. Different
membership packages are available to suit
organisations of all shapes and sizes.
AfMA’s membership base is represented across all
industries and levels of government and is responsible
for the management of many hundreds of thousands
fleet vehicles.
Our charter is to promote Fleet Management as a
profession in its own right, to provide knowledge,
information and resources to our Members and to lobby
and advocate on behalf of the fleet industry, put simply
LINKING PEOPLE & KNOWLEDGE, CREATING OUTCOMES.
For membership and general enquiries please contact us:
03 9866 6056
[email protected]
afma.org.au