Vehicle Life Cycle Cost Analysis Explained: Beyond Purchase Price

When evaluating a commercial vehicle, the purchase price is only part of the story. In this short video, NTEA walks through life cycle cost analysis — a data-driven approach that helps work truck industry professionals understand the true cost of owning and operating a vehicle over its entire service life. 

This video covers: 

• What life cycle cost analysis is and why it matters
• The key cost components beyond acquisition price
• How maintenance, fuel, downtime, and replacement timing impact total cost of ownership
• How life cycle cost analysis supports better spec’ing and purchasing decisions 

Whether you’re responsible for vehicle selection, budgeting, or long-term fleet planning, this overview provides a practical foundation for making informed, cost-effective decisions. 

To learn more and access a cloud-based Life Cycle Cost Analysis Tool (available free to NTEA members), visit ntea.com/lifecycle.