FOR IMMEDIATE RELEASE:
Vincentric Releases Lifecycle Costing Tool for Canada
BINGHAM FARMS, Michigan – August 8th, 2012 – Vincentric, the leading provider of automotive cost-of-ownership data, announced today the release of the innovative Dynamic Cost to Own: Canada Fleet Edition calculator. This online lifecycle costing tool for Canada is an extension of the Dynamic Cost to Own product line, resulting in the most comprehensive and customizable lifecycle costing system ever made available to the Canadian fleet industry.
The Dynamic Cost to Own software is deployed through a software as a service (SaaS) delivery model. It dynamically calculates total cost-of-ownership based on user inputs, enabling an infinite number of custom lifecycle cost queries, with the results displayed within seconds. The system enables users to customize dozens of specific variables for each market and each driver, including actual acquisition costs, specific annual driving distance, finance terms, fuel costs, lifecycle terms and dozens of other variables for each of the approximately 4,000 Canadian vehicle configurations.
“Many manufacturers, leasing companies, and fleet operators are using Dynamic Cost to Own to understand and apply lifecycle cost data and support their efforts in the fleet industry,” stated David Wurster, President of Vincentric. “We are excited to be the first to introduce such a comprehensive lifecycle costing tool for Canada, enabling users to determine ownership costs based on customizable costs, rates, marketplace factors, and lifecycle terms at both the national and provincial level.”
The Vincentric data measures eight cost elements for every vehicle in the database, including: depreciation, financing, fees and taxes, fuel, insurance, maintenance, opportunity cost and repairs. Each month Vincentric re-compiles its database to take into account current vehicle prices, resale values, fuel costs, finance rates and other economic and market factors to ensure that users have 24/7 online access to the most up-to-date and accurate ownership costs in the country.
Further information regarding the Vincentric Dynamic Cost to Own: Canada Fleet Edition system and its benefits are available at www.vincentric.com, or by contacting Dave Freed, Managing Partner of Vincentric, at (952)-891-1054 or firstname.lastname@example.org.
Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive value. Vincentric data is used by organizations such as Yahoo! Autos, AOL, Cars.com, Chevrolet, Toyota, BMW, Mercedes-Benz, Kiplinger.com, Business Fleet Magazine, Volvo, NADA Guides, The AutoChannel.com, and Fleet-Central.com as a means of providing automotive insight to their clientele. Vincentric, LLC is a privately held automotive data compilation and analysis firm headquartered in Bingham Farms, Michigan.
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©2012 Vincentric, LLC, All Rights Reserved.
For more information on this comprehensive lifecycle costing tool for Canada, please click here.