Discover the most frequently asked Tracking questions
Should I lease or buy my vehicle tracking systems?
Depending on the size of the vehicle fleet, or the objectives of vehicle tracking programs, the question of choosing between purchasing the geolocation system and leasing them may arise.
Several costs are to be considered:
- Purchasing the vehicle tracking systems involves buying GPS trackers, the price of which varies between less than £100 up to more than £500 per unit,
- The price of a subscription to a dedicated telecommunications service must be added (between £10 and £20 per month per vehicle),
- As well as the price of vehicle tracking software, which is also generally subscription-based, representing similar amounts.
In some cases, these costs can be quickly amortised and purchasing GPS tracking systems appears to be the best option.
But in the case of large fleets in particular, buying vehicle tracking system requires large cash expenses, and rental or leasing plans will be much more advantageous. Indeed, for all the equipment necessary for vehicle tracking, rental prices will less than £100 per month.
For other companies, the scalability of the system is a determining criterion: some see the number of vehicles in their fleet fluctuate frequently, others will want to expand the range of functionality of their equipment or buy more efficient vehicle trackers. Leasing or buying professional vehicles tracking systems also caters for flexibility needs.
Finally, other companies simply want to meet a one-off need: in the construction sector, for example, it may be necessary to track vehicles or machinery over a short period of time only. In this case, buying a vehicle tracking system is useless, and it is better to turn to short-term rental.
Whether it the idea is to lease vehicle tracking systems or to buy them, getting in touch with several suppliers helps secure the decision. Thanks to Companeo, any decision-maker can collect several vehicle tracking system quotes in a few clicks and easily compare the vehicle tracking systems with proposals from the best suppliers.
