Managing fleet vehicles can be challenging, but not if you have the power of telematics at your disposal. It’s a modern technology that allows you to seamlessly keep track of your fleet and stay in touch with them at all times.
Telematics comes in handy if you have a large fleet, where multiple items are being loaded and unloaded off a truck every few minutes. Realistically, you would have to be at several locations at the same time, for the entire operation to run smoothly. However, that is impossible since you can’t be in two places at once. And that’s where you take advantage of telematics.
It allows you to monitor many locations and drivers at one time. So, you can keep track of any irregularities and make adjustments when necessary.
Advantages for Refrigerated transport
The tracking suite works best with temperature-controlled vehicles as it allows you to remotely control the thermostat. You can maintain the temperature, and increase or decrease it depending on the situation.
Moreover, you can monitor the temperature for individual loads while they are in transit. For example, if you have frozen fish and vegetables in the same compartment, you would want the fish to be colder than the vegetables to maintain their freshness on delivery. The telematics suite allows you to do just that and a lot more.
Another advantage is cargo safety and timely delivery, which can be enforced with the help of telematics. Since you will be able to track the goods from their source to the endpoint, you will have full control of their security and movement. You could force the driver to move faster, and in the event of a theft, you would be able to catch the culprit red-handed.
Conclusion
Telematics works well for refrigerated transport vehicles. It’s a gift that has made goods transport a breeze for the modern fleet owner.
It is incredibly difficult to buy a vehicle nowadays. That’s because automobile prices have risen consistently over the past few years. You have no other option but to finance a loan or go for a lease to purchase something decent.
The two terms are commonly used, but not many people know what they mean. Is a loan or a lease better for you? Should you prefer either option if you intend to buy a refrigerated vehicle?
To find out, let’s get into the details.
Lease
In a lease agreement, you rent the vehicle while it is in someone else’s name. In essence, the person you are renting from owns the vehicle, and you pay them a monthly stipend. Once the lease period ends, you must return the vehicle and pay for any damages that might have occurred during that time.
In some lease agreements, you can pay a specified amount by the end of the period to buy the vehicle and transfer ownership.
Financing
Loan financing is a simple concept. If you want to purchase a refrigerated vehicle, you can approach a bank and show them the vehicle you want to buy. They will provide you the money based on your credit history and financial situation. You must pay back the money in monthly installments plus interest that the bank will charge for its services.
Which one is better?
There is no short answer. Each business owner or a fleet operator has to analyze all pros and cons and conclude the optimal choice. This is because the monthly rent in a lease is usually not that high, and the ownership rests with the leasing authority. If you decide to sell your truck before the agreement ends, you can do so without any repercussions. In a loan, you have to pay the amount every month and keep the truck well-maintained by yourself.