A car is a necessary, if not critical part of daily life—especially if you need to commute to work or take your kids to school. Unfortunately, when someone doesn’t have a car, or doesn’t have the funds to repair their car, desperate times call for desperate measures, and rental car agencies often suffer the most.
If you’re a manager of a rental car company, you know the story all too well: a patron comes into your store to “rent a car for a couple of days.” But after a couple of days, your rental car isn’t returned, and your patron isn’t answering any of your phone calls or texts. When you attempt to charge their credit card for the extra rental days, it declines—that’s when you know you’ve been set up.
When you rent someone a car, it’s more than just a car—it’s a $15,000+ investment that you’re handing over to a stranger. If that investment is “borrowed” without payment for a prolonged period of time, that car isn’t making any money for your business. If the vehicle is lost altogether, you’re taking a massive hit to your equity and profit margins (as much as a $50,000 loss for an SUV).
Fortunately, Skypatrol GPS tracking solutions can minimize risk during the car rental process. By outfitting your rental vehicles with GPS trackers, you’ll always know where your cars are located—helping you recover lost vehicle assets with the help of law enforcement. Plus, you’ll be able to remotely unlock doors and disable starters on your vehicles, making it that much easier to recover your lost vehicle for good. By using Skypatrol products, you protect your vehicles as well as your bottom line.