Gurtam, a European software developer of telematics and IoT with over 20 years of experience, has launched LeaseControl, a product designed for the burgeoning vehicle lease industry.

LeaseControl is a GPS tracking system helping protect the assets of companies operating in car financing, auto loans, vehicle leasing, high-risk auto deal, and BHPH (buy here pay here) dealerships. It tackles non-payment, auto theft and vehicle recovery.

LeaseControl offers the features and benefits needed to bring peace of mind to the car leasing sector, such as GPS tracking, geofencing, remote engine shut-down, automatic notifications, and round-the clock technical support.

Via live GPS tracking, users can know the precise location of the vehicles at all times. Remote operation enables users to switch off the car engine remotely and protect the asset in urgent cases, for example when a payment is missed, the vehicle leaves a predetermined geofenced area, such as crossing an international border, or the tracking device is disconnected. All these tools put users back in control of their assets, making recovery, should it be needed, easier and cheaper.

With LeaseControl, users only pay for the functionality that is relevant for vehicle lease management, without extra expenditure on unnecessary add-ons. The platform is available to service providers globally.