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Use a Mecfor Total Cost of Ownership (TCO) analysis to justify your equipment investment

Mecfor determines your total cost of ownership through our Site Operation and Survey Method. First, our team of experts surveys your operation. We visit your site, investigate your application, and assess your needs. We interview your operation and maintenance team to ensure that we fully understand your requirements. Then we present potential solutions designed to meet your needs and provide the best TCO.

A Mecfor TCO analysis helps to justify your investment in Mecfor equipment for the entire economic life of your machine.

About Total Cost of Ownership

TCO analysis is a cost benefit analysis that determines the economic value of an investment. A TCO analysis includes total cost of acquisition and operating costs. It is used to gauge the viability of any capital investment. It reflects an enterprise's asset and/or related systems total costs across all projects and processes, thus giving a picture of profitability over time.

The TCO concept is widely used in the equipment industry. For example, TCO defines the cost of owning a piece of equipment from the time of purchase, through its operation and maintenance, to the time it is sold or decommissioned.

Some of the key elements assessed in vehicle cost of ownership include:

  • Depreciation costs
  • Fuel costs
  • Insurance
  • Financing
  • Repairs
  • Fees and taxes
  • Maintenance costs
  • Opportunity costs
  • Downtime costs

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