GPS Cost Savings Calculator
Cost per Month Per Vehicle
Sample Vehicle
Your
Costs
A. Avg. Monthly Fuel Cost/Vehicle
$125.00
$
B. Monthly Lease Expense/Vehicle
$325.00
C. Monthly Maintenance Expense/Vehicle
$100.00
D. Avg. Monthly Insurance Cost/Vehicle
$250.00
E. Avg. Monthly Operator Salary
$2,580.00
F. Estimate a percentage of Avg. MonthlyOperator Salary (E) that is required to pay for
operator benefits, social security, and taxes.
20%
%
G. Avg. Monthly Overtime Expense/Operator
H. Miscellaneous Monthly Expense/Vehicle
I. Fleet Size
J. Estimate of Daily Minutes Saved as a
result of more constant fleet monitoring
Calculator developed by E-Drive Technology, Inc.
SampleResults
Results
K. Estimated Monthly Operator Expense(Benefits, SS, Tax) = (E * F)
L. Total Operating Expense/Vehicle/Month(A + B + C + D + E + G + H + K)
M. Cost per Minute
Total Operating Expense/Vehicle/Month (L) Total Monthly Minutes1
N. Savings per Vehicle(J * M) * Working Days per Year2
Total Annual Savings(I * N)
1 Total Monthly Minutes = 8 Hours a Day x 5 Days a Week x 4.3
Weeks in a Month x 60 Minutes in an Hour = 10,320 Minutes 2 Working Days per Year = 5 Days a Week x 50 Weeks a Year = 250 Days
For further information about our fleet management consulting services or our fleet consultants please contact us at:
Mercury Associates, Inc.
Fleet Management Consultant Services
16051 Comprint Circle Gaithersburg, MD 20877 301 519 0535 Office 301 519 0536 FAX email: contactme@mercury-assoc.com
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