02 Mar 2023

GPS Tracking Solutions for Auto Financing and Car Rental Companies

Car rental and vehicle financing keep growing in the Dominican Republic, driven by both tourism and corporate needs. But if you run a rental company, you know how important it is to protect your vehicles to keep the business profitable.

GPS for vehicle financing and rental

Car rental and vehicle financing keep growing in the Dominican Republic, driven by both tourism and corporate needs. But if you run a rental company, you know how important it is to protect your vehicles to keep the business profitable. 

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Fortunately, a GPS tracker can provide that protection from the moment the driver pulls out of the rental or financing agency. With the Hunter Track Monitoring System, it is possible to prevent and detect misuse, theft, or reckless behavior. Learn here why rental and financing companies should have a GPS tracking system.

Why implement GPS solutions in auto financing and car rental companies?

Detecting reckless driving patterns

Driving styles vary and can include reckless drivers who exceed the speed limit or constantly accelerate and brake harshly. Vehicle GPS can detect this behavior and notify the company. 

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That way, the driver can be warned to moderate their driving style. It also makes it possible to check the vehicle's condition when it is returned, taking into account how it was used, and apply the corresponding penalties, compensation, or damage charges.

Defining travel zones with Geofences

There are several reasons to limit the areas a renter can drive the vehicle to. Sometimes those areas are unsafe or have roads in poor condition that are more likely to damage the vehicle. 

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They may also be locations where the rental agency does not offer protection and service, or areas beyond the border in another country. In any of these cases, you can set up Geofences, which are zones where the vehicle can move freely. If the vehicle crosses them, the agency can configure the GPS to be notified immediately. 

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Fast, accurate location in case of theft or abandonment

Vehicle GPS pinpoints the vehicle's location using geolocation technology. That way, if the vehicle is stolen or abandoned anywhere, it can be recovered easily. 

Greater safety for the renter

Vehicle GPS increases the driver's safety because they are more likely to be found in the event of a kidnapping. In addition, the Hunter Track monitoring center can remotely shut down the vehicle and block the ignition, so it cannot be restarted once it has been turned off. 

Timely maintenance scheduling

Each vehicle's maintenance can be scheduled based on mileage or engine hours. With this system, the company can receive maintenance alerts even while the vehicle is rented out. 

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This lets you request the vehicle's return or plan rentals around maintenance schedules. As a result, the vehicle's resale value is preserved, and downtime or breakdowns while it is rented can be reduced.

Risks of not having a GPS Tracking System

Not having a GPS tracking system and its solutions involves risks such as the following:

  • Lower business profitability due to faster loss of vehicle value. This can happen when you do not obtain proper compensation for damage, theft, or loss, or fail to schedule maintenance on time.
  • Higher insurance premiums. Insurance companies view GPS installation favorably when calculating and reducing premium costs.
  • Not knowing where the vehicle has been driven. This creates the risk of the vehicle being used for illegal activities. 
  • Lower customer satisfaction. This can happen when you do not offer enough security through GPS location devices that can protect customers in the event of kidnapping or theft.

Benefits of using GPS Tracking solutions

  • Higher long-term profitability with vehicles that last longer, cost less to maintain, and have better resale value. 
  • GPS can be installed in fleets of any use, type, and size, including VIP clients, diplomats, SMEs, motorcycles, buses, and more. 
  • A complete reporting system that accurately shows the driver's actions.
  • 24/7 availability of the Hunter monitoring center, from which various GPS system functions can be managed. 
  • An iOS and Android app to view data and receive alerts at any time.

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All of these benefits and features are available because HUNTER is a trusted partner. Its monitoring center handles all data with the utmost confidentiality and care.  Its agile, simple, easy-to-install platform, built on geolocation technology, offers multiple solutions to the challenges this business faces. 

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So don't miss the opportunity to maximize profitability and grow your business. Contact us at 809.620.2002 to request a quote and learn about more features and benefits of the Hunter Track GPS Tracking System tailored to your company. You can also visit our website  www.hunter.do.

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