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Make Your Mobile Assets More Efficient

  • Save on Fuel
  • Save on Overtime
  • Save on Insurance
  • Reduce Accident Risk
  • Know Where Your Vehicles are 24/7

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Save Enough on Fuel and Overtime
to Pay for the System in Six Months!

GPS tracking devices offer a broad range of valuable information that can help you track a single vehicle or a large fleet. While each individual and business will assign different values to each feature, some of the advantages can be easily quantified into hard, cold numbers.

To give you an idea of the savings that can be realized, let's take the example of installing an ST Advisor device on one service truck with one employee that operates on a five day work week. In the table below, we summarize the typical first year costs of GPS tracking, and put some conservative savings expectations on three parameters that are easy to estimate. Our savings assumptions are as follows:

Savings Assumptions

  • Excess mileage is reduced 20 miles per week at a savings of $0.48 per mile (current IRS mileage rate)
  • 2.5 hours of reported labor is saved (or made productive) each month at a fully loaded cost of $30/hour
  • Automotive insurance savings of $14.50 per month (typical)

Plugging these numbers in for one ST Advisor unit on an annual subscription, we get the following savings per vehicle:

Single Vehicle GPS Tracking Savings Example

Item Costs Savings
GPS Tracking Operating Costs    
Initial Hardware Purchase $279  
Initial Installation $50  
Annual Subscription $279  
Total Costs - Year 1 $608  
Total Costs - Year 2+ $279  
GPS Tracking Expected Savings (All Years)  
Excess Mileage   $499
Labor Hours   $900
Insurance   $172
Total Savings - All Years   $1,571
Year 1 Savings Total - Per Vehicle   $963
Year 2 Savings Total - Per Vehicle   $1,292

To put this in the simplest of terms, the owner of a single service vehicle in the field can expect to recover their investment in a GPS tracking system in six months, and save at least $100 per month in operating costs thereafter.

Additional Savings Generated by Real Time GPS Tracking

  • Vehicle Recovery if Abandoned by an Employee or Stolen
  • Improved Maintenance Scheduling by Using Reporting Tools
  • Fines and Fuel Saved by Speeding Notification Utility
  • Notifications Received from Vehicles Traveling Into or Out of Defined Boundaries
  • Accident Risk Reduced by Safer Driving Habits


If you would like to get an estimate on how GPS tracking can save money for your business, give us a call and we'll be happy to work through the process with you.

 

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If you would like to discuss your specific application with one of our experts, please fill out the inquiry request below and we will contact you as quickly as possible, or call us at 512-542-9668 to talk about how GPS Vehicle Tracking can work for you.

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