When it comes to examining vehicle tracking costs it is essential to look at each system in the context of what it offers. Vehicle tracking prices vary enormously dependent on the differing features of one product to another.
What to Consider
To adequately compare the vehicle tracker cost of one product against another there are a number of factors you need to take in to consideration, these include:
- Is it a rented vehicle tracker, or purchased?
- Is it wired in or plug-in?
- What features are most important to you?
- Is it a scalable product which will adapt and grow as your fleet does?
With answers to these questions you can then more accurately gauge the true vehicle tracker cost in the context of your requirements. The larger the fleet is also allows you to benefit from economies of scale.
How Much Does Vehicle Tracking Cost?
The easiest way to simplify comparing costs is to group the various different systems by the size of fleet they are suitable for, the features they offer (and specifically whether they are active or passive systems) and whether that type of tracker are typically offered on a lease or purchase basis.
In summary, the following table explains the different types of trackers and their likely cost.
|Entry Level Vehicle Trackers||Small, single vehicle||Mileage Tracker only||£80+|
|Intermediate Level Vehicle Trackers||Small to Medium||Mapping, On Board Diagnostics & Basic Reporting||To rent: £15 per vehicle per month. To buy: £250 + installation costs|
|Advanced Level Vehicle Trackers||2+ fleet-based businesses||Driver Management, Web-based interface & Maintenance Tracking||From £20 - £60 per vehicle per month|
Entry Level Vehicle Tracking Costs
Basic vehicle trackers tend to be plug-and-go off the shelf options that offer a single vehicle with a rudimentary tracking system. They are likely passive and do not have a huge number of features. However, if you simply need to know what miles were covered then these trackers are worth looking at. Typically you’d buy outright an Entry Level Vehicle Tracker and be looking to spend in the region of £80+.
Intermediate Level Vehicle Tracking Costs
This band of trackers are the most basic on the market to cater to the real-time (or active) market. If you need to know where your vehicles are and when, then this is the range you need to look at. You’ll likely get some additional features but these will vary hugely from system to system. For example, one might be particularly good for vehicle security and man-down alerts, whereas another might have better mapping integration and be more suitable for dispatch-based businesses.
These systems tend to be available both to buy outright (at around £250+ plus installation costs per vehicle), or to rent from around £15 per vehicle per month. For Intermediate Level vehicle tracking prices you need to carefully assess what each product offers compared to what your business will benefit from.
Advanced Level Vehicle Tracking Costs
At the upper end of the market at real-time vehicle trackers which integrate with complex Fleet Management Systems. These are likely the best option for larger fleets, facing their biggest expenses in terms of fuel, vehicle maintenance and labour costs.
That said, advanced systems are ideal for any fleet with two or more vehicles. Typically you don’t outright purchase an advanced system, but will pay an installation fee followed by a monthly subscription. Advanced vehicle tracking prices start at around £20 per vehicle per month up to around £60 per vehicle per month.
Vehicle Tracking Cost Savings
Vehicle trackers, when being considered for cost, cannot be quantified based on the vehicle tracking quotes alone. Doing so doesn’t give due attention to the amount of money vehicle trackers save fleets. As a general rule of thumb, the more advanced the vehicle tracker, the greater the cost savings across the fleet.
Return on Investment almost always means a vehicle tracking system cost becomes negligible in context of the overall savings.
Cost Savings affecting vehicle tracking systems UK include:
- Reduced Mileage and Fuel: For many fleet based systems, fuel is the biggest cost in the business. Vehicle trackers enable a more efficient fleet with fewer wasted miles. In addition driver behaviour management can greatly reduce factors such as excessive idling, further reducing fuel costs.
- Reduced Labour Costs: Labour costs also factor highly for many fleet-based systems. With an efficient vehicle tracker labour hours can be monitored and reduced, and out of hours vehicle usage stopped. Typically, productivity increases.
- Reduced Time Lost to Maintenance: Advanced systems that allow you to track, monitor and schedule maintenance requirements for your vehicles ensure less time is lost through unplanned repairs or break-downs.
- Reduced Insurance Costs: Many insurance companies offer reduced premiums for fleets with vehicle tracking systems.
- Hidden Cost Savings: Further cost savings are made through improved driver safety, improved customer service (and reputation) and dispute resolution, and systems integrations (for payroll, parts, etc).
Vehicle Tracking System Features
When it comes to car tracker prices you need to look at what the product actually does for the money, as this can vary enormously. You need to look at which features are important to you:
- Driver Identification System
- Driver Management e.g. monitoring speeding, excessive idling, or harsh braking
- Technology: plug and go, wired, GPS, smartphone apps etc.
- Mileage, Route and Journey Planning and Replay
- Accuracy of real-time reporting, or whether the system is active (automatic and close to real-time) or passive (data available after a journey is completed)
- Incident and Accident Tracking
- Maintenance Reporting and Scheduling
- Vehicle Security
- Inventory Management
Buying vs Renting
One of the largest cost differentials when it comes to vehicle tracking quotes in the UK is whether you are looking to buy or rent the system.
Vehicle tracking systems cost can become burdensome if a company chooses the wrong option. It is important to consider exactly which is the best way to utilise these technologies and services before you sign long term contracts or spend money on what seems to be the cheapest option at the outset but will cost more in the long run. False economy is often a trap that businesses fall into when choosing their vehicle tracking system.
Buying tends to ensure a lower vehicle tracking costs in the long run, but the initial vehicle tracking prices are higher. However, there are hidden costs to take in to account. Maintenance, management, support and more need to be weighed up when considering whether to buy or rent. With rented systems you’ll have a much reduced initial vehicle tracker cost, but ongoing monthly subscriptions, usually tying you in for 24 months.
Renting – Renting would seem to be the best method of fleet cost management on the face of it. Certainly the up front costs are reduced, which is a bonus for companies with little capital to invest in such systems. The problem with this option, however, is the necessity of signing what are often long term contracts with huge get out fees if you change your mind or operation outgrows any leasing benefits. Long term contracts are the most cost efficient way to lease and can cost as little as £120 a year but more complex operations can expect to pay more than double that for each vehicle.
Outsourcing - Outsourcing the whole process can be beneficial to some companies looking to utilise vehicle tracking technology. Although not many businesses choose this option as it is probably the least cost efficient way of managing your GPS tracking system price, it can take the stress out of the whole process.
Buying - Purchasing is usually the most beneficial method of managing tracking system’s costs because it allows for the most flexibility. This is particularly beneficial to companies whose operations are likely to change in the near or even distant future.
So, for vehicle tracking prices for rental you’re likely looking upwards from £9.99 per month for a basic system, and for a stand-alone system you’re likely looking at an initial outlay of £200+. However, don’t forget to add on installation costs (if a wired system) and the monthly subscription costs. Don’t forget technology is constantly changing, and to remain ahead of the game you need to factor in replacing obsolete systems with advanced technology, as well as tech updates as operating systems develop.
Vehicle Tracker Supplier Price Comparison
Looking at the three top suppliers of vehicle trackers and the vehicle tracking quotes available from them, we can compare vehicle tracking costs.
Tracker Direct offer 4 vehicle trackers all highly focused on vehicle and asset security. The four options are: Tracker Retrieve, Tracker Locate, Tracker Monitor, and Tracker Cat 5 Plus. Differing in price depending on your requirements we have broken the 4 tracking solutions down below.
Tracker Retrieve is their most basic system which is battery-operated and suitable for infrequently used assets (for example caravans). The initial cost is £249 and then there are subscription charges ranging from £119 for 12 months to £319 for 60 months. It can track vehicles across some of Europe and the battery life should last up to 5 years on standby.
Tracker Monitor is the most basic of Tracker Direct’s installed trackers. This will track a vehicle over some of Europe and alert you if a vehicle is moved with the ignition turned off. The initial outlay is £361 and the subscription charges range from £169 for 12 months to £569 for 60 months.
Tracker Locate is a more complex tracker suitable more ensuring vehicle security across Europe as well as integrating with the MyTracker website allowing you greater visibility of your vehicle. The initial outlay is £462 and the subscriptions range from £189 for 12 months to £629 for 60 months.
Tracker Cat 5 Plus is a comprehensive vehicle security tracker for car-based fleets with tracking coverage Europe-wide and access to the My Tracker website. It offers real-time tracking, an ability to plan route, alerts and motion sensors. The initial cost is £799 and subscription is £199 for 12 months and £739 for 60 months.
Crystal Ball FleetTracker is available from £13 per vehicle per month on a subscription basis. The customisable nature of this particular tracker makes the vehicle tracker cost variable dependent on requirements. Based in Manchester with Crystal Ball you can also count on world class customer service and many benefits, some of which are listed below..
Crystal Ball FleetTracker is very much a complete Fleet Management System and the vehicle tracking system cost reflects this. With FleetTracker from Crystal Ball you will get the following features:
- Dashboard: allowing you to see where you fleet is and when in real-time
- Alarms and Alerts
- Ability to share locations of the fleet with third parties e.g. customers
- Geo-Search functionality
- Journey Playback
Furthermore, you can add the following features to your package:
- Driver behaviour monitoring
- Driver identification
- Remote immobilisation
- Smartphone app
- Fuel Card Integration
- Asset Management
Fleetmatics REVEAL costs are hugely variable as this is a highly customisable system allowing for fleet size. Therefore, in order to accurately assess the costs you need to obtain vehicle tracking quotes for your particular fleet. This means prices vary considerably with larger fleets benefiting from larger orders while smaller fleets have short term lease advantages.
Fleetmatics main tracker for fleet based businesses is the Fleetmatics REVEAL. This is also a comprehensive Fleet Management System and offers the following features:
- Live Mapping
- Driver Identification
- Fleet Maintenance
- Route Replay
- Real-Time Tracking
- Fuel Card Integration
Vehicle Tracking Costs in Summary
When considering a vehicle tracking system cost it is essential to look at a multitude of factors coming in to play. You need to consider the size of your fleet and what you hope to achieve by the system you install. Furthermore you need to weigh up the pros and cons of renting versus buying. It should however be remembered that the return on investment makes vehicle tracking prices worthwhile as the cost savings are significant over time.