Vehicle tracking can benefit your business in a number of ways, helping to improve safety, boost productivity and save time and money in the long run. If you are thinking about implementing vehicle tracking for just one vehicle or a whole fleet of vehicles, you’ll likely be weighing up the cost. In this article, we’ll be looking at how much vehicle tracking costs and whether it is a worthy investment.
The cost of vehicle tracking can vary greatly based on a number of factors such as whether you opt for a basic, advanced or expert tracking system and whether you pay monthly, annually or if you purchase a system outright.
According to Expert Market, entry level systems with basic features such as route mapping and fuel tracking lease from £7.50 per vehicle per month or £50 to buy. These are usually passive trackers, which means they collect vehicle data but aren't automatically updated for real-time updates.
For advanced level trackers which include features such as live route tracking, live vehicle diagnostics and reporting tools, leases start from £15pvm or £200 to buy. Expert level tracking systems offer features such as driver management, in depth live tracking and sophisticated reports, leading from £20pvm or £300 to buy.
Here at Fleetsmart, we offer expert level active vehicle tracking at an incredibly affordable cost. Our standard plan starts from £5 a month and includes a wide range of fantastic features such as:
- Advanced, real-time GPS vehicle tracking with a 5m accuracy
- Google Maps Premier
- Journey replay
- Sophisticated excel vehicle reports
- Information on driver performance such as idling, braking/accelerating too harshly, start and stops
- Email and SMS notifications
- Advanced software and technology that is constantly further developed in-house
- Free setup
- Full lifetime warranty
- Online training sessions and support portal
With optional add-ons such as European tracking, in-vehicle cameras, remote immobilisation and driver identification, our plans and pricing are flexible and negotiable. We offer multiple hardware options to suit each car, van, truck, motorbike, plant and machine and offer discounts for volume purchases. To negotiate pricing, please get in touch with us directly.
Many vehicle tracking companies add an additional cost to the initial price to cover the installation of the trackers. This additional cost can range from anywhere between £10 - £115 per vehicle, making the up-front cost incredibly high, especially if you are having them fitted in multiple vehicles.
At Fleetsmart, we offer free installation and setup as part of the package, keeping your upfront and ongoing costs incredibly affordable.
Following the installation of the tracking devices, all of our customers receive a 30 minute walkthrough of the software and an online training session to ensure they understand how it works and how to use the data to fully optimise their operations.
We also have an online support portal with FAQs and a range of training materials as well as a team on hand to help via live chat, phone and email during operating hours. Our engineering team also monitors the tracking systems at all times with priority email support available on weekends.
Devices that are purchased on rental plans include a full on-site warranty for the duration of the agreement. Those purchased outright are covered for 12 months with an on-site warranty.
We offer no contract and Pay As You Go options so you don’t have to worry about cancellation fees. We can also offer a 60 month price fix guarantee, so you can relax knowing there are no hidden costs or price increases.
With so many benefits for your business, vehicle tracking is an incredibly worthy investment. In fact, we typically expect a return on investment for a typical business within 90 days, including any initial payments and a full year’s subscription. Fleets with a more significant potential for improvement can expect a much quicker ROI with average savings per vehicle between £1,000-£2,000 per month.
Not only can our tracking devices help you save on operating costs, but most insurance companies offer discounts on premiums for vehicles equipped with tracking devices that report to a cloud-based data centre environment, helping you to save on insurance.
Fleetsmart’s tracking also offers peace of mind when it comes to the security of your vehicles. With features such as real-time GPS tracking, geo-fence alerts, remote immobilisation and driver identification, you can rest assured that your vehicles are far less vulnerable to theft and if a thief does manage to somehow access your vehicle, they won’t be getting very far with it.
At Fleetsmart, our pricing is negotiable so please don’t hesitate to get in touch with a member of our team to discuss the cost for your business further. For more tips and advice on vehicle tracking and fleet management, why not take a look at our blog.