Vehicle Tracking will not let the Credit Crunch it! |
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TrackCompare,
July 10, 2009 Navman Wireless, Vehicle Tracking |
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In a recent report written on the issues that small business’s face obtaining finance for leasing vehicle tracking systems, Navman Wireless were said to point out that this is not the case.
There has been some talk that it is becoming difficult, more so for small businesses to receive the support financially that leasing can bring, as lenders are changing attitudes around the risk factor of this. This would be an easy thing to imagine; given the current economic climate and that many of the major companies are going into administration.
Navman Wireless have been reported to say that banks will look more into the tracking supplier and if there is a lack of confidence there then this could affect the leasing for the company rather than their own credit scoring.
Of course all financial institutions are treading with care but by having tracking systems installed this could in fact be the saviour of a business and in return save banks money.
Records are said to show that around 90% of companies are still being accepted for leasing and if not then there are ways that they can raise the funds with part investment etc, so it seems the tracking industry is continuing to prove a rock in the unsteady times we are experiencing.
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