Definitions for "Cost of ownership"
Total cost of owning an asset over its lifetime, an important metric for capital equipment, which includes initial price, consumable costs, maintenance, utilization, etc.
(COO) The total lifetime costs associated with acquisition, installation, and operation of production equipment.
the overall cost of a computer system to an organization to include the costs associated with operating and maintaining the system, and the lifetime of operational use of the system.
Keywords:  mileage, incurred, warranty, epa, best
The means of calculating how much it costs to own a vehicle. These costs are divided into fixed costs and running costs. Fixed costs remain static and usually decrease each year. Running costs are variable and are incurred when the vehicle is used. Running costs could increase as the vehicle ages. Ownership costs include: Depreciation - This is the amount that a vehicle decreases in value over time. Insurance - All lenders require insurance coverage to protect their investment. Vehicles are rated on a scale that will determine premiums and thus differ in insurance cost. Financing -This is the cost of financing interest and fees, not just the amount borrowed. State fees -Fees would include registration and licensing as well as any taxes on the vehicle. Fuel - Considered to be not only EPA Mileage Ratings but also fuel consumption. Repairs/Maintenance -Reliability ratings, cost of service contracts and all services required to maintain the vehicle's warranty, required for best operation and other regular wear and tear.
Several items enter into the calculation of how much it actually costs to own a vehicle. Understanding these items can help determine what is the best purchase for each person. Ownership costs are divided into fixed costs and running costs. Fixed costs are the same whether the car is used or just sits. These costs usually decrease each year. Running costs are variable and are incurred when the vehicle is used. Running costs could increase as the vehicle ages.