Telematics solution for vehicle leasing

Issue 1 2023 News & Events, Transport (Industry), Products & Solutions, IoT & Automation

Wialon, a telematics and IoT platform with over 3.4 million vehicles and other assets connected across the globe, has launched LeaseControl, a streamlined version of its platform, tailored for the burgeoning vehicle lease market.

LeaseControl is a GPS tracking solution for covering safety challenges and protecting the assets of the companies operating in car financing, auto loans, vehicle leasing, high-risk auto deals, and BHPH (Buy Here Pay Here) dealerships.

LeaseControl gives access to a growing market of car auto lending. The number of vehicles leased on the global car after sales market grew from eight million to twelve million cars a year, between 2019 and 2021.

The car auto lending market has its unique challenges for auto dealers. They face risks from payment defaults, theft, and poor performance of no-name tracking software providers. Telematics provide the perfect solution to protect financed assets at low costs.

With Wialon’s LeaseControl, users only pay for the functionality that is relevant and useful for vehicle lease management, making the technology affordable and enabling auto dealers to keep assets under control 24/7, on the lot and after the lease.

The solution retains the most valuable features from Wialon, providing the tools to tackle the most pressing challenges faced by dealerships, namely non-payment, auto theft and vehicle recovery.

Via GPS tracking, LeaseControl enables dealers to know the precise location of their vehicles at all times. Remote operation enables them to switch off the car engine remotely if necessary. Disabling the engine remotely may be necessary to protect the asset should a payment be outstanding, or the vehicle leave a pre-determined geo-fenced area, such as crossing an international border, or the tracking device being disconnected. These tools put dealers back in control of their assets, making recovery, should it be needed, much easier and cheaper.

Aliaksandr Kuushynau, Head of Wialon at Gurtam, said, “LeaseControl will open up a whole new market for telematics service providers, as they will be able to provide a simple high-tech solution at a competitive price.”

LeaseControl is a stand-alone product by Gurtam based on the technology behind its Wialon IoT and telematics platform. Service providers can use the solution even if they are not Wialon partners or their clients use alternative GPS location systems.




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Highest increase in global cyberattacks in two years
Information Security News & Events
Check Point Global Research released new data on Q2 2024 cyber-attack trends, noting a 30% global increase in Q2 2024, with Africa experiencing the highest average weekly per organisation.

Read more...
Phishing attacks through SVG image files
Kaspersky News & Events Information Security
Kaspersky has detected a new trend: attackers are distributing phishing emails to individual and corporate users with attachments in SVG (Scalable Vector Graphics) files, a format commonly used for storing images.

Read more...
Fully-integrated browser AI
News & Events
Opera Mini now provides all its smartphone users with its own free built-in browser AI, Aria, including AI chat, Ask Aria and image generation. According to an Opera survey, 80% of South Africans want AI tools integrated into their browser.

Read more...
Amendments to the Private Security Industry Regulations
Technews Publishing Agriculture (Industry) News & Events Associations
SANSEA, SASA, National Security Forum, CEO, TAPSOSA, and LASA oppose recently published Amendments to the Private Security Industry Regulations regarding firearms.

Read more...
Local innovation driving excellence in FM
Securex South Africa News & Events
As organisations seek cost-effective, sustainable, and high-quality solutions, home-grown facilities management innovation is proving to be a critical driver of operational efficiency and long-term success.

Read more...
Smart, sustainable, and employee-centric
Facilities & Building Management IoT & Automation
As Westcon-Comstor prepares to move into its new Johannesburg offices, it carefully selected a host of technologies that will help it transform the spaces into an intelligent, connected, and human-centric workspace.

Read more...
The future of security: intelligent automation
Access Control & Identity Management AI & Data Analytics IoT & Automation
As the security landscape evolves, businesses are no longer looking for stand-alone solutions, they want connected, intelligent systems that automate, streamline, and protect.

Read more...
PIV-ready High Sec Controller 7000
News & Events
Gallagher Security announced the release of the latest addition to its controller product range; the High Sec Controller 7000, which incorporates all the core functions of the C7000 Standard variant released less than 18 months ago.

Read more...
The impact of GenAI on cybersecurity
Sophos News & Events Information Security
Sophos survey finds that 89% of IT leaders worry GenAI flaws could negatively impact their organisation’s cybersecurity strategies, with 87% of respondents stating they were concerned about a resulting lack of cybersecurity accountability.

Read more...
Lack of optimism for African economy
News & Events
African Leadership University publishes the 2025 Africa Workforce Readiness Survey, which shows that only 21% of South African employers are optimistic about the future of the country’s economy, the lowest of any country polled.

Read more...