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Investing in New GPS Tracking Technology is Easier Than You Think Brian Dziuk | Apr 28, 2016 10:40:28 AM

The cost of investing in GPS technology is well worth the benefits that you can get from it.GPS technology can be a wonderful tool for increasing safety, efficiency, and reliability for your company’s fleet of vehicles. However, as useful as GPS tracking technology is, many companies don’t use this on their vehicle fleets.

Some fleet managers might assume that GPS is too expensive to be worth the investment; that spending money on a GPS tracking solution would put undue strain on the company’s finances.

This couldn’t be further from the truth. In fact, investing in new GPS technology might be easier than you think. Here are a few reasons why:

1: There are Tracking Solutions for Nearly Any Budget

Not every tracking system and solution is the same. Some GPS tracking devices only “ping” their location once every few hours or once a day, while other ping frequently enough to provide live location tracking. Some GPS units have additional performance monitoring capabilities that can monitor key engine statistics, others do not.

Also, different GPS tracking software solutions might have varying costs based on the complexity of the software and what add-ons you purchase.

In short, there’s a tracking solution to fit almost any budget.

2: What You Spend on GPS Tracking Can Be Saved in Vehicle Efficiency

Using GPS tracking systems to monitor the use of your vehicles in the field can massively improve the overall efficiency of your vehicle fleet. In fact, many GPS tracking users find that they save more money on fuel and wasted labor time than what they spent on getting a GPS solution in the first place!

GPS helps enable these savings by improving route planning, helping you improve driving habits, preventing unauthorized vehicle use, and minimizing down/idle time. 

Using GPS tracking devices with engine performance monitoring can also help you optimize maintenance scheduling to prevent costly on-the-road breakdowns.

3: Investing in GPS Can Reduce Your Insurance Costs

Many insurance companies offer discounts for installing anti-theft technologies onto your fleet vehicles. Simply having a GPS tracker on your vehicles can allow you to access these discounts, reducing your monthly insurance bill and saving your company money.

In fact, if a vehicle is stolen, having a GPS device on it can help speed up recovery of the stolen asset. This increases the likelihood of retrieving the vehicle intact and lets you return it to active service sooner rather than later. Preventing the loss of even a single vehicle can more than justify the cost of getting GPS in the first place.

If you’re wondering whether or not it’s worth your company’s time and money to invest in getting GPS vehicle tracking, the answer is most likely “yes.”

Given the variety of tracking solutions out there, and the benefits of using fleet vehicle tracking, you will find that the benefits of using GPS can easily outweigh the costs whether you have 1 fleet vehicle or 1,000 fleet vehicles.

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