What is whole life cost?
The whole life cost of a car is its total running costs over a set time period.
On a leased car, that will be the cost to lease it, use it, maintain it and tax it, typically over a contract term of 36 months.
Whole life cost calculation
Here are all the moving parts that we take into account when we do a whole life cost calculation:
What’s the difference between a vehicle's whole life cost and its total cost of ownership (TCO)?
Absolutely nothing. There’s no difference between "whole life cost" and "life-cycle cost" either. So fellow acronym-haters, WLC, TCO and LCC all mean exactly the same thing: the total cost of running a vehicle.
See how whole life cost analysis is helping fleet managers make smarter choices.