Whole Life Cost (WLC) is a financial model to help show the true cost of running a vehicle, incorporating all costs rather than just monthly rentals.

There are many elements to running a vehicle and taking them all into consideration you are able to make better and more cost efficient choices for your fleet.

Whole life cost includes:

• Monthly rental: reflecting changes in Road Fund License and CO2 based Capital Allowances
• Disallowable VAT: allowing your business to take advantage of your true VAT position.
• Fuel Costs: in addition to options for fuel and diesel cost, we can customise fuel costs based on your pence per mile rate, as well as separating business and private mileage.
• Employers National Insurance Contribution
• Vehicle Insurance: cost can be included
• Lease Rental Restriction:CO2 based allowances can be factored into WLC based on the Corporation Tax rate of your business.
• Fleet administration fee: to help recognise the administration of your fleet within monthly rentals.

How it works:

Our WLC model is supported by our strategic Fleet Consultancy team and Relationship Managers, who can provide advice and support to help you define and implement the most suitable fleet policy of your business.