Cost to Own

New vehicle intenders are increasingly searching for transparency associated with the costs involved with keeping a car on the road over its life. With the average car being over 10 years old in Australia, evaluating and comparing cars as part of your research journey just became a whole lot easier with RedBook’s Cost-to-Own (CTO) and Cost-to-Run (CTR) products.

The solution calculates the costs involved in keeping a vehicle on the road up to a maximum of 5 yrs and 75,000km for cars from 2022 onwards.

The components that form part of RedBook’s CTR & CTO solution are:

• Fuel (or Energy for Electrically powered vehicles).
• On-road costs (registration, govt. duties, 3rd party insurances, levies).
• Insurance (comprehensive).
• Tyres.
• Vehicle servicing costs (based on scheduled servicing & included elements only).
• Finance costs (CTO only).
• Deprecation (CTO only).

RedBook’s CTR & CTO calculators can provide instant comparisons or quote calculator inputs for various fleet management users that need the detail beyond just the purchase or sale price.

RedBook can provide a CTR & CTO solution via API or the online Fleetmaster portal covering cars, SUVs and light commercial vehicles.