BECOME A MEMBER
Join E3 Fleet! No matter your sector, nature your work or size of your fleet, E3 Fleet offers good value for money. You can sign up for Fleet Review and Fleet Rating services when you choose, and your whole team gains access to resources in our E3 Fleet Toolkit.
Read about membership and services. Fees are affordable and payable online at your option.
SIGN UP FOR E-NEWS
Sign up today for our E3 Fleet e-newsletter to stay up to date on green fleet practices, upcoming events and E3 Fleet program services.
Lifecycle Cost Analysis
An important question for any fleet manager is "When should we replace our vehicles?" In the past, many managers have followed rules of thumb and replaced vehicles on a set schedule. This approach, however, does not ensure optimal financial and environmental performance for all vehicles. Some vehicles may be replaced too soon, resulting in increased capital expenses, or too late, resulting in higher than necessary maintenance and repair costs, as well as higher emissions.
When it comes to purchasing, there may be a number of vehicles that meet a fleet’s functional requirements, but which have different capital costs, fuel efficiency and environmental performance. How does a fleet manager decide?
A key part of the solution is lifecycle analysis. This is a way to compare the capital and operating costs of a vehicle, along with its environmental impact, for the whole of its life. The analysis also provides optimal timing for replacement, based on anticipated use.
E3 Fleet has developed a lifecycle analysis tool, available here free for download. We also offer custom lifecycle assessment services. for details.
Download Lifecycle Cost Analysis Tool [Excel]
For more on vehicle purchasing strategies, E3 Fleet members can consult the E3 Fleet Handbook.