Income minus fuel is not profit. Insurance, loans, licences and repairs belong in the sum too.
Many owners judge a vehicle by its daily cash minus fuel. That number ignores the costs that arrive monthly or yearly, and it makes old, expensive vehicles look better than they are.
Count every cost
Add insurance, loan or lease payments, wages, licences, parking, trackers and repairs. Handova spreads each running cost evenly over the days it covers, so a yearly insurance payment does not ruin one month.
Compare like with like
Look at profit per working day and cost per kilometre or mile, not just totals. A vehicle that worked fewer days is not necessarily worse.
Know the break-even
How many working days does each vehicle need to cover its costs? If the answer is more than it can work, it is losing money.
Decide
Vehicles that lose money month after month should be repaired, moved to a better route or sold.
