{"id":711,"date":"2011-07-02T10:28:24","date_gmt":"2011-07-02T18:28:24","guid":{"rendered":"https:\/\/www.liveviewgps.com\/blog\/?p=711"},"modified":"2025-09-17T11:08:43","modified_gmt":"2025-09-17T18:08:43","slug":"fleet-track-startup-costs-beware-36-month-leases","status":"publish","type":"post","link":"https:\/\/www.liveviewgps.com\/blog\/fleet-track-startup-costs-beware-36-month-leases\/","title":{"rendered":"Fleet Track Start-Up Costs Leasing Vs. Purchase"},"content":{"rendered":"<p><span style=\"font-family: verdana;\">Many of the larger GPS service companies are providing lease purchase options, which combine hardware, gps service and installation costs under one &#8220;low&#8221; monthly payment. Leasing equipment and service is an option many companies like to use, because of the low start-up costs. We recommend always breaking down the exact costs over the term of your lease, to see what you are ultimately paying.<\/span><\/p>\n<p><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\">Here are some things to be aware of when leasing:<\/span><\/span><\/p>\n<p><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\">With a lease are financing your purchase, so you are paying interest on your &#8220;lease&#8221; payments.<\/span><\/span><\/p>\n<p><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\">The hidden cost of leasing. Here is an example of a company charging $45 per month per vehicle on a lease over a 36 month term. Your total cost for hardware, service and installation is $1620.00 per vehicle over the lease term.<\/span><\/span><!--more--><\/p>\n<p><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\">Using\u00a0our G5 system as an example, here is what your total costs are on a purchase:<\/span><\/span><\/p>\n<p><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\">G5 Hardware &#8211; $349.00<br \/>\n<span style=\"font-family: verdana;\">36 Months Of Service &#8211; $1078.20<br \/>\n<span style=\"font-family: verdana;\">Average Install Cost &#8211; $65.00<br \/>\n<span style=\"font-family: verdana;\">No Sales Tax Outside, CA.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\">Your total purchase cost: $1492.20 vs. a leasing cost of $1620.00. Purchasing saves you over $127 over the cost of the lease. The more vehicles in your fleet, the greater the cost savings are with a purchase.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-family: verdana;\"><span style=\"font-family: verdana;\">You should also know that lease contracts require that you make your payment each and every month for the full contract term, whether or not your vehicles are being used or not! This means if you take a few vehicles out of service, you must still pay the monthly fee &#8211; no matter what.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many of the larger GPS service companies are providing lease purchase options, which combine hardware, gps service and installation costs under one &#8220;low&#8221; monthly payment. Leasing equipment and service is an option many companies like to use, because of the low start-up costs. We recommend always breaking down the exact costs over the term of [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_focus_keyword":"","rank_math_description":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[],"class_list":["post-711","post","type-post","status-publish","format-standard","hentry","category-applications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fleet Track Start-Up Costs Leasing Vs. 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