Toronto, Ontario – Mercedes-Benz’s Sprinter commercial van offers the lowest total cost of ownership in Canada among its competitors, the company said.
A study conducted by Vincentric found that the total cost of ownership is 7.7 to 9.1 per cent lower than its competitors, based on an average driving distance of 25,000 km per year for five years. The study measured depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs.
The total savings are approximately $6,000 to $7,000 over a five-year period. Key factors contributing to it include low fuel costs, saving approximately $2,500 per year, and the vehicle’s longer maintenance intervals.
“Our analysis of the Canadian large heavy-duty van market demonstrated the benefits of measuring overall vehicle value based on total cost of ownership, instead of purchase price,” said David Wurster, president of Vincentric. “Buyers often think they are saving money because they pay less at the dealership, but as we saw with the Mercedes-Benz Sprinter, a higher-priced vehicle can provide significant savings when buyers look at the total cost of owning a vehicle.”