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Vehicle Trackers
Vehicle Trackers are used by firms to increase security and reduce the costs of running company vehicles. The cost of any tracker purchased will depend very much on the model and level of specification required and the way in which it is purchased.
Trackers either function using GPS or RFID technology, with the former being the less costly option, but the latter able to be customised to provide a bespoke system designed to meet the needs of your business. Furthermore, trackers can either be active, in that they are constantly transmitting location and other data to the base unit, or passive, whereby they simply record the data for it to be downloaded at a later date.
Buying a Vehicle Tracker in London
To purchase a basic GPS vehicle tracker in London, prices start from around one hundred pounds. This will provide for a single basic unit which simply tracks position and speed. Additionally, you will also need to factor in a similar amount to have the tracker fixed to the vehicle, although some models can be fitted to vehicles as a DIY task.
If you want to include options on the tracker such as messaging, tracking driving style or anything else, then prices start from around two hundred pounds upwards. Buying the tracker system outright generally works out cheaper in the long term, however you will have less flexibility if you wish to upgrade.
If you opt to invest in an RFID system, then you will need to contact suppliers for a quote as these are bespoke systems, usually costing several thousand pounds.
Leasing a Vehicle Tracker in London
Leasing a vehicle tracker is a popular option for many businesses in London as there is a lower upfront cost involved and you can expand the system as required. Leases are usually available for between three and five years.
A five year lease will generally have lower costs per day but a higher cost overall. For a standard GPS tracker, lease prices usually start in the region of fifty to seventy pence per vehicle per day. Adding an option such as messaging can add a further fifteen to twenty pence to the daily cost.
Some companies will also include a further charge for the software to run the system, although others include this in the lease costs. When taking out a lease, check the small print so you know who is responsible for repair and maintenance costs on the tracker as this can impact on the total cost.
Total Cost of Ownership
The best way to compare the costs of vehicle trackers in London is by comparing the total cost of ownership, as investing in a tracking system should save your business money overall. Factors to consider include how much will your petrol costs be reduced through more efficient route planning and improved driving style, as well as reduced insurance premiums and lower vehicle maintenance costs.
Including all these different elements alongside the price of the tracker will show how quickly your investment will pay for itself.
