Total Cost of Ownership - Why is TCO important?

Q: Why is TCO important?

Total cost of ownership is also abbreviated as TCO. TCO is important because it shows you what you actually end up spending when you purchase something. This is true for things that require maintenance such as cars and machinery. ... Sometimes, that TCO is greater than what you can really afford.

Answer

You may also see TCO as an acronym for total cost of ownership. The total cost of ownership (TCO) reveals how much money you really spend on a product or service. Indeed, this is the case with mechanical and automotive items that require regular servicing. That total cost of ownership might be higher than your budget allows on occasion.

Total Cost of Ownership - Why is TCO important?

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