Last Updated on May 16, 2023 by Umer Malik
We are well aware of how challenging it may be to stick to a budget while managing a fleet. Fleet costs are straightforward to compute but challenging to manage.
Time, money, and even lives can be saved by using the best GPS fleet tracking solutions. Numerous vendors provide their own solutions, ranging from basic fleet management software packages to high-tech vehicle tracking gadgets.
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What Is The Price Of GPS Tracking?
Costs for GPS fleet tracking range from about $18 per month for the most basic systems to about $65 per month for the most advanced ones.
Systems for car fleet trackers vary greatly in terms of their complexity and cost compare fuel cards. It seems sense that basic car monitoring systems are less expensive than systems with more extensive functions.
The following are typical prices for entry-level, mid-range, and advanced tracking systems:
Solution Level Issues
For just $100 upfront, you can get a basic vehicle tracking gadget. Devices in this category concentrate on a select number of features, such as trip logging and starts and stops reporting. They frequently record data but do not immediately beam it back to your fleet HQ because they are passive in nature. Although you might not have the time or resources to monitor your fleet in real time, this isn’t necessarily a problem. Entry level passive trackers might be a nice place to start if you’re only interested in the data for weekly reports.
- Superior Solutions
A web-based fleet management system is something you should think about if you need to track more than a few vehicles. When you need exceptionally precise vehicle location data, these sophisticated systems are perfect since they can deliver updates as frequently as every 30 seconds.
A mid-range tracking device costs between $300 and $600 to buy. The majority of vendors choose to lease their active trackers, nevertheless. On the plus side, vendors frequently include software upgrades and maintenance in their rental prices, which start at about $20 per month. Add an additional $100 for installation, and you’re good to go.
Finding a fleet management supplier prepared to tailor a solution to your needs may make sense if you have many fleets operating in various states. Although the initial cost may be higher, you can reduce unnecessary features and ultimately save money.
What Kind Of Savings Are Possible With Vehicle Tracking?
A GPS fleet tracking system investment has a tonne of measurable advantages.
Look at the typical operating expenses for a fleet:
Decrease CO2 Emissions
GPS vehicle tracking technologies, according to NAVTEQ study, can cut your carbon footprint by up to 21%.
Speed Up Travel
You can shorten travel times so that your drivers may get the rest they need in between journeys with the use of a fleet management system. The average driver who uses traffic-enabled navigation spends 18% less time on the road than other drivers, according to NAVTEQ.
Cut Down On Vehicle Downtime
According to a survey by the Aberdeen Group, fleet management system users experience up to 15% reduced vehicle downtime. Drivers can finish trips more quickly, providing you greater flexibility in how and when to deploy vehicles for various tasks.
Up to one-third of a fleet’s operating expenses are related to fuel. For fleets with GPS tracking installed, the average 13% decrease in fuel expenses offers a sizable savings.
Lower Death Toll
GPS fleet tracking guarantees safer working conditions for drivers as the number of occupational fatalities involving roads rises year over year. According to the Federal Motor Carrier Safety Administration (FMCSA), electronic logging devices (ELDs) will prevent the loss of 26 lives annually.