We’ve all heard the phrase tossed around by industry experts, but what does “total cost of ownership” really mean?
Simply defined, total cost of ownership is a calculation that takes into account a piece of equipment’s purchase price, maintenance costs, depreciation, insurance, interest and more.
At Intech Equipment and Supply, we believe that it is only when all of the above factors are considered that you can truly understand how much SPF equipment really “costs.”
With this in mind, it is important to realize smart SPF equipment distributors not only provide quality equipment, but also valuable information on equipment best practices and cost-saving operation methods, as well as unparalleled customer service.
These factors can help you not only improve your total cost of ownership, but also can ultimately make a difference to your SPF company’s bottom line.
Why Total Cost of Ownership Matters
Total cost of ownership is a crucial part of the puzzle because, as you are probably already aware, buying SPF equipment is a pretty big investment, easily the largest capital outlay for the business.
One immediate implication is that the lowest purchase price isn’t necessarily the best.
While it makes a difference if all other factors are considered equal – for instance, Machine A is a better choice than Machine B if Machine A has a lower sticker price and the two machines are otherwise the same – total cost of ownership comes into play because equipment, and more importantly, customer support is not all the same.
Check Out Our Latest eBook!
Our latest eBook: “How to Consider the Total Cost of Ownership on Spray Foam Equipment,” which you can download for free here, highlights the importance of looking past the actual price tag on SPF equipment, and considering the value of unparalleled customer service.
Additionally, it addresses why today’s SPF professionals should make an effort to understand the full impact and far reach that a nationwide provider can have on their business throughout the purchase process and well beyond.
For more information, visit www.intechequipment.com.