Renting out mobile assets like cars and boats can be extremely profitable, but also extremely risky — you're loaning assets to total strangers. GPS platforms expedite tracking and timely return of assets, and also allow asset recovery
Renting out an asset such as a car, truck or watercraft is a profitable business. However, there are also many risks that are associated with such a business. Rental companies always need a system with which they can monitor their assets in case of theft, misappropriation or even an accident. There is no better solution than a GPS Vehicle Tracking System.
Concept: Renting an asset to customers is a risky business. Assets are often damaged, misappropriated, used outside of a permitted area, and even stolen with no way for the company to retrieve it. A GPS platform for rental companies is a great way to ensure the return of assets. Assets can be tracked when stolen, damage locations can also be determined based on tracking data and renters can be immediately alerted when their assets leave a designated region or use within a restricted area.
Solution: On the TGGS GPS vehicle tracking system, assets can be added to the system and updated with specific information such as renter name, address, phone number and other contact information. These features and many more allow for rental asset owners to monitor their assets. Owners can even set a geofence to alert them if an asset leaves a designated area.
How: Car rental services need to keep track of their assets. Otherwise, they will lose cars to misappropriation and theft. Installing a GPS tracking device in each rental car for quick recovery can prevent these things. Devices such as the Xirgo XT-2000 or the Cal-Amp LMU-800 can be used to easily track assets. Managers can set up geofences that can alert a user when an asset has moved into or out of a set geofence. These easily applied map settings can limit where a rented vehicle can and can't go. Devices can also be configured to sense and control door function. Some cars can even be remotely shut off with the help TGGS's vehicle tracking system.