Cost to Own
New vehicle intenders are increasingly searching for transparency associated with the costs involved with keeping a car on the road over its life. With the average car being over 10 years old in Australia, evaluating and comparing cars as part of your research journey just became a whole lot easier with RedBook’s Cost-to-Own (CTO) and Cost-to-Run (CTR) products.
The solution calculates the costs involved in keeping a vehicle on the road up to a maximum of 5 yrs and 75,000km for cars from 2022 onwards.
The components that form part of RedBook’s CTR & CTO solution are:
- Fuel (or Energy for Electrically powered vehicles).
- On-road costs (registration, govt. duties, 3rd party insurances, levies).
- Insurance (comprehensive).
- Tyres.
- Vehicle servicing costs (based on scheduled servicing & included elements only).
- Finance costs (CTO only).
- Deprecation (CTO only).
RedBook’s CTR & CTO calculators can provide instant comparisons or quote calculator inputs for various fleet management users that need the detail beyond just the purchase or sale price.
RedBook can provide a CTR & CTO solution via API or the online Fleetmaster portal covering cars, SUVs and light commercial vehicles.