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Calcimator

Vehicle Replacement Calculator

Determine optimal replacement timing from maintenance and depreciation curves.

Inputs

$
yrs
mi
$
%
$
yrs
%
$
days

Results

Recommendation

Consider replacing soon

Current Year TCO$15,850.00
Projected Next Year TCO$16,855.00
New Vehicle Year 1 TCO$9,750.00
Current Vehicle Value$25,300.00
Annual Savings if Replaced$7,105.00
Break-Even Period4.2 yrs
Current Cost/Mile$0.53
New Vehicle Cost/Mile$0.33
How to Use This Calculator
  1. Enter the New Vehicle Price for a replacement unit.
  2. Set Current Vehicle Age in years and Annual Miles for this vehicle.
  3. Enter Current Annual Maintenance cost and the expected Maintenance Growth Rate (%) per year.
  4. Set Annual Fuel Cost, Expected Useful Life in years, and Residual Value (%).
  5. Enter Downtime Cost per Day and Expected Annual Downtime Days to factor in lost productivity.
  6. Review the Recommendation (keep or replace), 3-year cost comparison, and optimal replacement timing.

What each input means

New Vehicle Price
Cost of a new replacement vehicle.
Current Vehicle Age
Age of the current vehicle in years.
Annual Miles
Annual mileage for this vehicle.
Current Annual Maintenance
Annual maintenance and repair costs this year.
Maintenance Growth Rate
Annual increase in maintenance costs as vehicle ages.
Annual Fuel Cost
Annual fuel expense for this vehicle.
Expected Useful Life
Expected total useful life of the vehicle.
Residual Value
Estimated salvage value as percent of purchase price.
Downtime Cost per Day
Daily revenue lost when vehicle is out of service.
Annual Downtime Days
Expected days out of service this year.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    New Vehicle Price = 55000, Current Vehicle Age = 6, Annual Miles = 30000, Current Annual Maintenance = 3500 = 10 input(s) provided
  2. Calculate Recommendation
    Recommendation
    Consider replacing soon = Consider replacing soon
  3. Calculate Current Year TCO
    Current Year TCO
    15850 = $15,850
  4. Calculate Projected Next Year TCO
    Projected Next Year TCO
    16855 = $16,855

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