Tool: Online TCO (Total Cost of Ownership) calculator

The cost of use or TCO (Total Cost of Ownership) includes the total cost of the complete lifetime of a vehicle. It is often underestimated.

The costs to be taken into account to calculate its cost of use/TCO are:

  • the price of the vehicle;
  • the vehicle-related taxes, which often depend on the category and model of the vehicle as well as its emissions type;
  • sometimes a tax on polluting particle emissions, depending on the type of vehicle;
  • the cost of depreciation, which corresponds to the normal wear and tear of the vehicle;
  • fuel consumption;
  • maintenance;
  • management and compliance costs (so that the vehicle remains compliant with current standards, which can change);
  • insurance.

Some components in the TCO calculation can vary a lot depending on the context and have a significant impact. It is therefore important to pay particular attention to the following aspects: 

  • fuel, depending on whether the country is an oil producer – or not – or whether the area has easy access to good quality fuel or not.
  • the availability of spare parts, which can sometimes pose great difficulties and immobilise equipment for long period of time.