Ownership Cost: Uncover the Hidden Risk
Ownership cost is the full financial burden of buying and maintaining something over its usable life. It’s not just the sticker price it’s everything you pay to use, maintain, protect, and eventually replace or dispose of an asset. Let’s break it down practically: Ownership Cost = Upfront Cost + Maintenance + Repairs + Insurance + Utilities or Operational Fees + Taxes + Depreciation Why Most People Underestimate the True … Read more