Wialon, a number one telematics and IoT platform with over 3.4 million automobiles and different belongings related throughout the globe, has launched LeaseControl, a streamlined model of its platform, tailor-made for the burgeoning car lease market.
LeaseControl is a GPS monitoring answer for protecting security challenges and defending the belongings of the businesses working in automobile financing, auto loans, car leasing, high-risk auto offers, and BHPH (Purchase Right here Pay Right here) dealerships.
LeaseControl provides entry to a rising market of automobile auto lending. The variety of automobiles leased on the worldwide automobile after gross sales market grew from 8 million to 12 million vehicles a 12 months between 2019 and 2021.
The automobile auto lending market has its distinctive challenges for auto sellers. For instance, they face danger from fee defaults, theft, and poor efficiency of no identify monitoring software program suppliers. Telematics present the proper answer to guard financed belongings with low prices. With Wialon’s LeaseControl, customers solely pay for the performance that’s related and helpful for car lease administration, making the
know-how reasonably priced and enabling auto sellers to maintain belongings below management 24/7, on the lot, and after the lease.
The answer retains probably the most precious options from Wialon – GPS monitoring, geo-fencing, distant operation and shut-down, automated notifications, and high-quality 24/7 technical assist – offering the instruments to deal with probably the most urgent challenges confronted by dealerships, specifically non-payment, auto theft, and car restoration.
Through GPS monitoring, LeaseControl permits sellers to know the exact location of their automobiles always, and distant operation permits them to modify off the automobile engine remotely if needed. Disabling the engine remotely could also be needed to guard the asset ought to a fee be missed, or the car go away a pre-determined geo-fenced space, similar to crossing a world border, or the monitoring machine being disconnected. These instruments put sellers again accountable for their belongings, making restoration, ought to it’s wanted, a lot simpler and cheaper.
Aliaksandr Kuushynau, Head of Wialon at Gurtam, stated, “LeaseControl will open up a complete new marketplace for telematics service suppliers, as they are going to have the ability to present a easy high-tech answer at a aggressive value for an trade.” LeaseControl is a stand-alone product by Gurtam based mostly on the know-how behind its Wialon IoT and telematics platform. It means service suppliers can use the answer even when they don’t seem to be Wialon companions or their shoppers use different GPS location methods”.
About Wialon
Wialon is a telematics and IoT platform with over 3.4 million automobiles and different belongings related and monitored throughout the globe, by way of over 2,400 telematics companies suppliers in over 150 nations. Wialon is developed by Gurtam, a European GPS monitoring and IoT options developer with headquarters in Vilnius and places of work in Boston, Dubai, and Buenos Aires.
