Vehicle total cost of ownership tool

Choosing the right vehicle for your fleet comes down to more than just purchase price. Looking at the total cost of ownership could make a big difference to your bottom line and your carbon footprint. This tool makes it easy for you to compare the cost of buying, running and on-selling new vehicles, whether they are electric, hybrid, petrol or diesel, and helps you decide which one is right for you.

To get started, select at least one vehicle type and purchase price range that meets your needs. You may also choose to limit the vehicle options displayed by selecting from the other criteria, or you can leave these open.

Alt text from the CMS
Hand iconTip: select for tips and help

{{ model.error }}

loading...

Select one or more vehicles

These are the vehicles that meet the criteria you have selected, shown in lowest total cost of ownership order.  You can customise the data used to calculate your results, such as operational term, petrol price and average daily km, by clicking on ‘adjust default inputs’.  This will automatically reorder your results.

To compare detailed results, select up to six vehicles and click ‘compare’.  The tool may insert an electric vehicle option for you if you don’t select one.

Showing vehicles

Hand iconTip: select for tips and help

Add another vehicle

Vehicles
Vehicle details
Fuel consumption (L/100km) Fuel consumption data is provided by the manufacturer and is based on rolling road cycle testing. It should be used for comparative purposes only and is not a guarantee of actual on-road performance. {{ vehicle.vehicle_details.fuel_economy }}
Fuel economy rating (out of 6) {{ vehicle.vehicle_details.vfel_stars | filterStarsToFraction }}
Battery economy (kWh/100km) {{ (vehicle.type === 'Hybrid' || vehicle.type === 'Electric') ? vehicle.vehicle_details.battery_economy : '-' }}
Carbon (g/km) {{ vehicle.vehicle_details.carbon }}
Safety rating (out of 5) Not yet safety rated {{ vehicle.vehicle_details.safety }}
CC rating {{ vehicle.vehicle_details.cc_rating }}
Vehicle gross weight (kg) {{ vehicle.vehicle_details.grossweight | number:0 }}
Power (kW) {{ vehicle.vehicle_details.power }}
Torque (Nm) {{ vehicle.vehicle_details.torque }}
Travel range (km) Vehicle's fuel/electricity efficiency, multiplied by the tank/battery size. {{ vehicle.vehicle_details.min_range }} - {{ vehicle.vehicle_details.max_range }}
Total cost of ownership
Total cost over term {{ vehicle.lifecycle.total | currency }}
Cost per month {{ vehicle.lifecycle.by_term | currency }}
Cost per km {{ vehicle.lifecycle.by_distance | currency }}

Want to customise your results?

The following table outlines the costs included in the total cost of ownership. To customise your results you can edit some fields in the table below and adjust the default input values.

Purchase costs {{ vehicle.purchase_costs.section_total | currency }}
RRP (incl GST)

Manufacturer’s recommended retail price (including GST).

{{ vehicle.purchase_costs.first_rrp | currency }}
Your purchase price (incl GST)

Price that you can buy this vehicle for (including GST).

Total on road costs On road costs include initial registration, full tank of fuel and for diesel vehicles 10,000 RUCs. {{ vehicle.purchase_costs.purchase_cost | currency }}
Recalculate
Finance & tax {{ vehicle.finance_costs.section_total | currency }}
Fringe benefit tax (FBT)
FBT days per quarter {{ model.parameters.fbt_days }}/90
FBT rate (%) {{ model.parameters.fbt_rate }}
FBT {{ vehicle.finance_costs.fbt | currency }}
GST on fringe benefits {{ vehicle.finance_costs.fbt_gst | currency }}
Interest
Interest rate (%)

The cost of capital.
Note that the interest rate can be changed by the user.

Finance interest costs {{ vehicle.finance_costs.finance_cost | currency }}
Other
Tax rate (%) {{ model.parameters.tax }}
Tax savings Tax benefits relating to tax deductible costs including running costs, finance interest costs, selling costs, compliance costs, FBT related costs and tax deductible losses on sale of vehicle. {{ vehicle.finance_costs.tax_savings | currency }}
Depreciation straight line (21%) {{ vehicle.finance_costs.depreciation | currency }}
Recalculate
Compliance costs {{ vehicle.compliance_costs.section_total | currency }}
Initial registration {{ vehicle.compliance_costs.registration | currency }}
Relicensing {{ vehicle.compliance_costs.relicensing | currency }}
Warrants of fitness Cost of a three-year WOF for all new vehicles post July 2013. {{ vehicle.compliance_costs.wof | currency }}
Road user charges Cost of road user charges (where applicable), after the first 10,000km. The first 10,000km is included in on road costs. {{ vehicle.compliance_costs.rucs | currency }}
Running costs {{ vehicle.running_costs.section_total | currency }}
Fuel {{ vehicle.running_costs.fuel | currency }}
Electricity {{ vehicle.running_costs.electricity | currency }}
Scheduled servicing Service costs are calculated as an average service cost over the operational term based on the manufacturer's prescribed service time and distance. The cost covers all scheduled service requirements to maintain the vehicle to manufacturer's specifications and ensure warranty validity. {{ vehicle.running_costs.scheduled_servicing | currency }}
Service downtime (hours) Estimated time to service based upon the vehicle make and model, multiplied by the number of scheduled service requirements of the term. {{ vehicle.running_costs.service_downtime }}
Tyres (2 tyres/20,000km) {{ vehicle.running_costs.tyres | currency }}
Net residual value {{ vehicle.selling_costs.section_total | currency }}
Residual value

The residual value is a wholesale position based on the specific vehicle and its age and distance travelled. It is calculated based on third party data from a variety of sources (e.g. auction houses), with an estimated degree of accuracy of 83%.

{{ vehicle.selling_costs.first_rv | currency }}
Your residual value

The amount that you estimate you can get for this vehicle after its term.

Residual value % {{ vehicle.selling_costs.residual_percent }}
Refurbishment costs Estimated costs to make minor repairs to a vehicle to bring it into saleable condition. {{ vehicle.selling_costs.refurb_costs | currency }}
Auction fees Estimated public auction fee for a national vehicle auction house. {{ vehicle.selling_costs.auction_fees | currency }}
Recalculate
Hand iconTip: select for tips and help

To access additional features use the desktop version of this tool

Add another vehicle
or adjust your inputs

Vehicle details

Fuel consumption (L/100km) Fuel consumption data is provided by the manufacturer and is based on rolling road cycle testing. It should be used for comparative purposes only and is not a guarantee of actual on-road performance.

{{ vehicle.vehicle_details.fuel_economy }}

Fuel economy rating (out of 6)

{{ vehicle.vehicle_details.vfel_stars | filterStarsToFraction }}

Battery economy (kWh/100km)

{{ (vehicle.type === 'Hybrid' || vehicle.type === 'Electric') ? vehicle.vehicle_details.battery_economy : '-' }}

Carbon (g/km)

{{ vehicle.vehicle_details.carbon }}

Safety rating (out of 5)

Not yet safety rated

{{ vehicle.vehicle_details.safety }}

CC rating

{{ vehicle.vehicle_details.cc_rating }}

Vehicle gross weight (kg)

{{ vehicle.vehicle_details.grossweight | number:0 }}

Power (kW)

{{ vehicle.vehicle_details.power }}

Torque (Nm)

{{ vehicle.vehicle_details.torque }}

Travel range (km) Vehicle's fuel/electricity efficiency, multiplied by the tank/battery size.

{{ vehicle.vehicle_details.min_range }} - {{ vehicle.vehicle_details.max_range }}

Total cost of ownership

Operational term

{{ model.parameters.term }} months

Km over term

{{ model.parameters.kms | number:0 }}

Total cost over term

{{ vehicle.lifecycle.total | currency }}

Cost per month

{{ vehicle.lifecycle.by_term | currency }}

Cost per km

{{ vehicle.lifecycle.by_distance | currency }}

You can adjust the inputs below to customise the cost of ownership calculation for every vehicle.
'Km over term' is calculated using the average kilometres travelled in a work day, non-work day and longest trip, along with the operational term.

* Please review the highlighted fields.

DISCLAIMER: This Vehicle total cost of ownership tool is intended to provide general comparative information to fleet managers, it is not a guarantee of actual costs. All reasonable measures have been taken to ensure that the data is accurate and information displayed is up-to-date at the time the tool is used.

Recent changes to the ACC levy component of annual vehicle licensing have not yet been incorporated into the data.

Plug-in hybrid electric vehicles (PHEVs) and fully electric vehicles (BEVs) in this tool are limited to vehicles that are currently commercially available new in New Zealand.

Unless otherwise stated, all costs exclude GST.

All data and calculations are powered by Optifleet.

Powered by OPTIFLEET