The overwhelming reason you should own your GPS trackers instead of renting them is cost. The savings over a number of years can be quite frankly mind-blowing. Often you don’t realise the financial impacts of renting until you see it broken down. So I have done it for you…
The cost of buying 1 Dropapin tracker = £90.
The average cost of renting 1 standard tracker = £10.00 per month x 9 months = £90.
This means that if you’re planning to keep your tracker(s) for more than 9 months then it is more financially beneficial to buy and own your GPS tracker(s). The longer you keep your trackers, the more money you save.
Now, using the maths above, let’s take a look at your savings over a longer period of time:
If you kept your GPS tracker for 5 years, you would save yourself £510 per tracker.
If you kept your GPS tracker for 10 years, you would save yourself £1,110 per tracker.
Therefore, tracking a fleet of 50 vehicles with your own trackers over a period of 10 years would save you £55,000!
If you buy your GPS trackers outright, you will not be tied into any contracts. This is vitally important in the current climate as you don’t want to be stuck in a long contract in case your circumstances change and you need to cut costs. Be flexible with how you work!
