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Seven Ways GPS Tracking Will Save You Money

by Greg Bartlett / guest author

The benefits of GPS tracking are pretty clear, but it’s also worth mentioning the ways in these devices can pay for themselves. Forget the fact that they’re pretty cool, sweet, and all sorts of handy—let’s take at look at ten ways GPS trackers improve your bottom line.

Asset recovery
Everybody loses something from time to time, but when that something is a storage container or expensive piece of construction equipment, your wallet starts to hurt. Install a tracker, and get your assets back in a jiffy. And this also applies to Fido: GPS trackers for your pet may seem a bit draconian, but not only will they let you keep an extra eye out—thus avoiding the need to buy your kids a replacement—but the tracking data can also give you a clue where your pet has been, just in case it picks up a disease.

Theft deterrence
If a thief knows there might be a GPS tracker installed in a particular item, he or she may just walk away. The news is filled with stories every week about criminals getting caught with the use of GPS tracking, and larcenists read the paper, too.

Insurance
Many auto insurance providers offer a discount for those with a GPS tracker integrated in their vehicle. They can also check with your tracking data to confirm your low-mileage discount. Check with your agent and see how much money you could be saving every month.

Taxes
There’s nothing we hate doing more at this time of year, but if you itemize your deductions and get a few breaks for your mileage, you can verify the data with your GPS tracker.

Gas costs
Speaking of low-mileage, your tracking data can also indirectly reduce fuel expenses by helping you plan shorter routes for your vehicle fleet—or even just your personal car.

Logistics downtime
Few things are more expensive in business than labor, and few situations waste money faster than your employees standing around with nothing to do. Especially if they’re out in the field, a GPS tracking service can help you better manage your logistics, keeping vehicles on time and informing workers exactly when their equipment will be coming in.

Asset supervision
Of course, the occasional employee may want to slack off on the job, taking his or her assigned company vehicle for an unauthorized vacation with the family. Having a GPS tracker on board adds an extra, unobtrusive layer of accountability. Oh, and it works the same way for your teen drivers, too.

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