You may be saying to yourself, "Duh! It costs what I paid for it." But in fact, there are many aspects to the cost of owning a vacuum contactor. We would like to share a few with you. Total Cost of Ownership is the purchase price of an asset plus the costs of operation. When choosing among alternatives in a purchasing decision, buyers should look not just at an item's short-term price, which is its purchase price, but also at its long-term price, which is its total cost of ownership. The item with the lower total cost of ownership will be the better value in the long run. Let's explore some different factors you may want to consider.