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Vehicle Tracking Home | Features | Saving Money | Key Benefits | Request Details

SAVING MONEY

Delivering Significant Savings

The cost of running a commercial vehicle and the associated costs of the driver can be huge, with this in mind reducing any personal or unnecessary mileage by a couple of miles per day, or managing to fit in an extra job each week will deliver significant benefits to your customers.

It is possible to quantify the potential savings available to customers who install vehicle tracking, the following figures have been verified by the Cranfield Centre for Logistics:

* A company that installed 10 units saved £41,935 in 1 year directly attributable to their vehicle tracking system.
* Another organisation that installed 14 units saved £51,819 in 1 year directly attributable to their vehicle tracking system.

A Worked Example

Take the example of fraudulent overtime, based on a driver claiming 3 hours of ‘un-worked’ overtime per week the following savings are possible:

  • Estimated driver hourly rate is £16.00 per hour
  • £16.00 x 3 un-worked hours equals £48.00 per week fraudulent overtime claims
  • This is equal to £208.00 per month or £2496.00 per annum
  • Monthly cost of fore track vehicle tracking system is £30.00 (based on 5 year lease)
  • Monthly saving of £178.00

Annual saving of £2136.00