In the past, we have published many articles to evaluate all of the different ways that GPS fleet tracking will improve productivity and save money. There are still even more reasons to use GPS tracking to keep up with your fleet of vehicles.  This time we are focusing on asset protection, insurance benefits, and tax incentives.

Asset Protection

Many people use a GPS tracking device as a way to secure their personal vehicle. This same principle applies to a fleet of vehicles used for commercial purposes. GPS devices that were primarily purchased for fleet tracking can provide the same protection to your company cars and trucks as they do for a personal vehicle. If an unauthorized user takes one of your vehicles, you will be able to track it using your GPS tracking system. It is likely that you will find it before the police do. Then you can give them the information and let them help you get your property back.

Lower Insurance Costs

You may be eligible to receive Lower Insurance Rates by up to 35%. Many insurance companies offer discounted premiums for vehicles that have a Real Time GPS system. Insurance companies recognize the ways in which GPS tracking systems can improve safety and make drivers more responsible. They are willing to reward companies who put these kinds of measures in place.

Tax Incentives

There are some tax breaks available to businesses that purchase a GPS tracking system and other equipment under the 2008 Federal Economic Stimulus Act. Of course there is a depreciation schedule involved, but it is well worth it to look into what tax breaks you can get. You will need to do some research to make certain that your business qualifies.

Article authored by Nancy McCord of McCord Web Services.

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