When to Replace Your Fleet
Fleet planning takes some thought. All commercial fleet vehicles eventually wear out, and it’s important to know when it makes business sense to replace your fleet. Northern Chicago business owners will want to calculate the total cost of ownership to determine when to order their fleet vehicles—which can be done right here at Lynch Truck Center. Let’s take a closer look at what you should consider when deciding when to purchase new or used fleet vehicles.
The Average Life of Commercial Fleet Vehicles
So, the trick is to replace your fleet when your existing commercial fleet vehicles still have some resale value. That value should still exceed the cost of maintenance. Knowing that value is an important part of fleet planning. Here’s a simple rule of thumb for knowing when to order your fleet vehicles:
When to Replace Your Fleet Vehicles
- Light Duty Vehicles – 4 years or 100,000 miles
- Heavy Duty Trucks or Vans – 8-10 years
More Advanced Fleet Planning
If you want to get more granular when determining when to replace your fleet, you’ll need to calculate the cost of ownership for each vehicle. It’s helpful to parse this number out per mile. You’ll need to factor in financing, maintenance, administration, and licensing in your fleet planning, and you can probably guess that keeping your vehicles running on Milwaukee roads gets more expensive as the vehicles get older.
For instance, repair costs average $14.80 for vehicles that have been in service for just one year but go up to $68.62 for vehicles that have been in service for three years. You’ll want to replace your fleet when the cost of ownership exceeds the value of the vehicles. Here is how the average cost of ownership breaks out by vehicle type:
Cost of Ownership per Mile
- Class 8 Tractors – $38.20 per mile
- Class 6 & 7 Trucks – $49.70 per mile
- Reefer Trailers – $15.90 per mile
- Dry Van Trailers – $20.00 per mile
Order Your Fleet Vehicles from Lynch Truck Center of Waterford
Did you know you can order your fleet vehicles from Lynch Truck Center, including tow trucks? You can even apply for financing online. We’re just down the road from Racine, so drop by or contact us today!
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