When it comes to choosing the right forklift or materials handling equipment for your business, the price tag on the label isn’t the whole story. We understand that the true cost of owning a machine goes far beyond just the initial purchase. That’s where Total Cost of Ownership calculators, or TCO calculators, come into play. In this article we’ll explain what TCO means and why our TCO calculator is a game changer for informed decision-making.
Briggs Equipment have a brand new TCO tool used to help find the right truck for you. Contact our team and we’ll run through your needs and produce an estimated total cost of ownership.
What Is A TCO And Why Should You Care?
TCO stands for Total Cost of Ownership. In simple terms, it’s the complete cost of buying, running, and maintaining your equipment over its entire lifespan. This includes things like:
- The initial purchase price
- Maintenance and servicing costs
- Fuel or energy expenses
By using a TCO calculator, you can assess the full financial impact of owning or hiring equipment such as counterbalance and articulated forklifts, reach trucks and sideloaders.
Why Use A Total Cost Of Ownership Calculator?
It’s easy to get distracted by the hire cost or upfront purchase price alone, but cheaper equipment can cost more in the long run. Our cost calculator factors in every critical aspect so you can:
- Make more informed decisions
- Avoid unexpected costs down the line
- Plan your budget more accurately
- Choose the right forklift or MHE to fit your operational needs
- Make decisions that align with your carbon reduction goals and objectives (ESG)
A TCO calculator provides you with valuable information about cost which you can use to compare with other forklift models to help you identify the right machine for your budget.
How does Briggs Equipment’s Total Cost Of Ownership Calculator Work?
Our TCO calculator works by considering your expected usage cost, fuel or energy prices, maintenance schedules, and more – all tailored specifically for your business context. Whether you’re looking at forklift hire or investing in a new forklift, our tool gives you a clear breakdown of the total cost of ownership over time, enabling easy comparisons between different machines.
Back To Basics: What Really Matters?
We believe in practical tools that help you get the job done efficiently and avoid any budget surprises. The total cost of ownership is not just a financial metric – it’s a smarter way to plan, purchase, and operate your materials handling equipment.
Can I Use The Cost Calculator?
Working with our Sales Team gives you the opportunity to explore tailored, data-driven cost calculations specific to your business, helping you understand the total cost of ownership for your forklift or MHE.
How Can I Get A TCO Estimate?
Contact us and we’ll be in touch to discuss the details of what you need from a forklift.
Tel: 03301 23 98 50
Email: info@briggsequipment.co.uk