Vehicle Tracking Finance Contracts Reach the End of the Road
The use of asset finance for vehicle tracking systems dates from the nineties, when the tracking systems could cost £1000 or more to buy. Leasing made sense to both customers and suppliers alike, as the cost could be spread over anything up to 5 years and the tax benefits of taking it as an operating cost instead of depreciation were significant. But during the credit boom some tracking companies took this financing model a step further and included the service...
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