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.

what is whole life cost for fleet company cars

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.


Delve deeper

what is whole life cost for company cars

See how whole life cost analysis is helping fleet managers make smarter choices.