Car tracking devices are small gadgets that use GPS (Global Positioning System) technology to track the location, speed, and activity of your car in real-time. They can be installed either covertly or overtly in your car, and communicate with satellites or cellular networks to send data to a central system. You can access this data online or on your smartphone, and use it for various purposes, such as security, safety, efficiency, and compliance.
A car tracking device is not only useful for businesses that operate fleets of vehicles, such as delivery, transportation, or service companies. They can also benefit individuals who use their cars for personal or business purposes, such as sole traders, contractors, or commuters. In this article, we will explore some of the different uses of tracking devices for both personal and business use, and how they can save you time, money, and hassle.
Personal Use of Car Tracking Devices
A car tracking device can offer you many advantages for your personal car, such as:
- Theft protection and recovery: Car theft is a serious problem in Australia, with more than 50,000 vehicles stolen every year. If you own a car, you know how valuable and important it is to you. Losing your car to theft can cause you a lot of stress, inconvenience, and financial loss. That’s why you need a tracking device for your car. A car tracking device can deter potential thieves from targeting your car, by displaying a sticker or a sign that warns them that your car is tracked. It can also help you recover your car in case of theft, by providing you with its exact location and allowing you to remotely immobilise it or alert the authorities. A tracking device can increase the chances of recovering a stolen vehicle by up to 90%. Car tracking devices can also reduce the time it takes to recover a stolen vehicle, from an average of 33 days to just 26 minutes. This can save you a lot of hassle, stress, and money, as you can avoid the costs and complications of replacing your car or filing an insurance claim.
- Insurance savings: A car tracking device can also help you save money on your car insurance premiums, as many insurance companies offer discounts for vehicles that are equipped with a car tracking device. This is because car tracking devices can reduce the risk of theft, damage, or loss, and can provide evidence in case of claims or disputes. A Car tracking device can help you save up to 15% on your insurance premiums, depending on your insurer and policy.
- Tax reporting: If you use your car for business purposes, such as visiting clients, suppliers, or work sites, you may be able to claim a deduction for your car expenses on your tax return. However, to do so, you need to keep accurate and reliable records of your business-related car use. This can be a tedious and time-consuming task, especially if you have multiple vehicles or drivers. Fortunately, tracking devices can simplify your record-keeping process by automating and digitising your trip records. You don’t have to manually write down your odometer readings, fuel receipts, or other car expenses. You can simply access your trip data online or on your smartphone, and export or print your trip reports and mileage logs with a click of a button. You can also integrate your car tracking device with other software systems, such as accounting or invoicing software, to streamline your workflow and reduce paperwork. A car tracking device can also give you the flexibility to choose the best method to claim your car expenses, depending on your circumstances and preferences. You can use either the logbook method or the cents per kilometre method, as long as you meet the ATO’s eligibility criteria. GPS tracking devices can help you calculate your claim using either method, by providing you with the relevant data, such as your business-use percentage, total kilometres travelled, or total car expenses. You can also compare the methods and choose the one that gives you the best outcome.
Business Use of Car Tracking Devices
Car tracking devices can also offer you many advantages for your business vehicles, such as:
- Improved customer service: Car tracking devices can help you provide better service to your customers by ensuring timely and accurate deliveries, providing real-time updates, and responding to customer queries or complaints faster. Tracking devices can also help you improve your reputation and customer loyalty by meeting or exceeding customer expectations.
- Increased productivity: A tracking device can help you increase your productivity by optimising your routes, reducing idle times, and eliminating unnecessary stops. Car tracking devices can also help you monitor and improve your driver performance by identifying and correcting inefficient or unsafe driving habits, such as speeding, harsh braking, or over driving. A car tracking device can also help you automate your workflows, such as dispatching, invoicing, and reporting, by integrating with other software systems.
- Reduced costs: Car tracking devices can help you reduce your costs by lowering your fuel consumption, maintenance expenses, and insurance premiums. A car tracking device can help you save fuel by choosing the most efficient routes, avoiding traffic congestion, and reducing engine idling. Tracking devices can help you save maintenance costs by detecting and preventing vehicle issues, such as low tire pressure, engine overheating, or battery failure. A car tracking device can help you save insurance costs by reducing the risk of accidents, theft, or unauthorized vehicle use, and by providing evidence in case of claims or disputes.
- Enhanced compliance: A car tracking device can help you comply with various regulations and standards, such as occupational health and safety, environmental protection, and tax reporting. A tracking device can help you ensure the safety and well-being of your drivers and vehicles by monitoring their location, speed, and activity, and by providing alerts and notifications in case of emergencies. GPS tracking devices can help you reduce your environmental impact by measuring and reducing your carbon emissions, fuel consumption, and waste generation. Tracking devices can help you simplify your tax reporting by providing accurate and reliable records of your vehicle usage, mileage, and expenses.
Car tracking devices are a powerful tool that can help you and your business improve your service, productivity, efficiency, and compliance, while saving money on fuel, maintenance, insurance, and tax. GPS tracking devices can offer a high ROI for you and your business that invest in this technology and use it effectively. If you are interested in learning more about how tracking devices can benefit you and your business, contact us today for a free consultation and quote.
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