Posted on Tuesday, March 13, 2012 at 4:00 am CDT
The use of asset finance for vehicle tracking systems dates from the nineties, when the tracking systems could cost £1000 or more to buy. Leasing made sense to both customers and suppliers alike, as the cost could be spread over anything up to 5 years and the tax benefits of taking it as an operating cost instead of depreciation were significant. But during the credit boom some tracking companies took this financing model a step further and included the service charges for the contract in the amount to be financed. This had the potential to double the pay-out to the tracking company – to anything up to £2000 per unit.
Source: Quartix
Posted on Wednesday, February 29, 2012 at 12:07 pm CST
Quartix, one of the UK’s leading vehicle tracking specialists, reports record sales and new installations for 2011, with exceptionally strong growth forecast for 2012.
Source: Quartix