← Lessons 26-Vehicle Selection

8. ECONOMIC CONSIDERATIONS

  • Vehicle selection should be based on whole-life cost rather than a single purchase or operating cost.
  • VED is a significant cost but should be considered alongside the complete cost profile.
  • Whole-life costs include fuel economy, maintenance, tyre life, downtime, depreciation and insurance.
  • The cheapest vehicle to buy is not necessarily the cheapest vehicle to operate over its useful life.