openPR Logo
Press release

Quartix Issues Warning on Lease-Finance Contracts

03-29-2012 08:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Quartix

Cash-flow difficulties are causing a number of vehicle tracking suppliers to resort to lease-finance contracts. Buyers are urged to check their supplier's financial health.

Newtown, Powys, UK, March 28, 2012 -- Quartix reports increasing concern over the resurgence of lease-finance contracts for vehicle tracking systems and urges prospective buyers to check their supplier’s financial health.

Managing director, Andy Walters, said: “Under this model, customers are asked to commit to payments of £1000 or more per unit – over an extended period – to a bank or finance house, despite the fact that the tracking system has a value of £300 or less.

“The supplier gets all his payment on day one and is free to spend it as he sees fit, without necessarily providing for the proper support of the client over the term of the contract.

“If the supplier goes under - as happened extensively in the last recession - customers are still left with the payments to make, which comes as a major shock to them. A number of suppliers are resorting to this type of contract again, and I can only believe this is driven by cash-flow issues once more. This practice must stop before it gives the industry a bad name.”

Quartix – www.quartix.co.uk - strongly advises prospective customers to check the credit rating and financial health of its vehicle tracking system supplier and to insist on a direct rental agreement in place of any third party contract.

More about Quartix

Founded in 2001, Quartix (www.quartix.co.uk) has grown to become one of the UK’s most successful vehicle tracking service providers.

Today, more than 3,500 customers across a wide range of sectors – including government organisations, housing associations, construction, hospital trusts, the emergency services, SMEs and large British brands – use the online service, while the company’s unique, own-design tracking unit has been installed in more than 50,000 vehicles.

The Quartix system provides users with a fast, efficient, 'point-and-click' source of real-time information, together with tailored e-mail reports. The highly-flexible service has scope to meet the needs of large corporations and owner-managed businesses alike.

For further information contact Andy Walters on 0870 013 6663, email andy.walters@quartix.net.

Founded in 2001, Quartix (www.quartix.co.uk) has grown to become one of the UK’s most successful vehicle tracking service providers.

Contact:
Andy Walters
Quartix
Wellington House, East Road,
Cambridge, CB1 1BH
0870 013 6663
andy.walters@quartix.net
http://www.quartix.net

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Quartix Issues Warning on Lease-Finance Contracts here

News-ID: 216067 • Views: 1495

More Releases from Quartix

Worcester City Council Turns to Quartix Vehicle Tracking to Cut Costs
Worcester City Council, faced with unprecedented financial challenges, has turned to Quartix vehicle tracking to help manage its transport costs and improve efficiency. Norfolk, UK, June 28, 2012 -- Darrell Pulver, procurement manager, says the results are impressive. Benefits include lower fuel costs and better customer service – and he anticipates fewer insurance claims, improved productivity and lower costs for components, including tyres and brake pads. The potential for savings was first
Vehicle tracking system thwarts violent van-hijacking
Thieves’ violent attempt to hijack a security-equipment company’s van has been foiled by Quartix vehicle tracking. Driver Roger Hirsch was in slow-moving traffic in Hoe Street, Walthamstow, when he a felt a sudden bump from behind. Leaping from his cab, he was shoved roughly to the ground by one thief while a second slipped behind the wheel and sped off. Shocked but otherwise unhurt, Hirsch quickly called his boss at Delta Security,
Vehicle Tracking Specialist Quartix Wins Barclays Corporate Award
Quartix, one of today’s leading suppliers of vehicle tracking systems, has won the Barclays Corporate prize in this year’s Cambridge News Business Excellence Awards. Norfolk, UK, March 30, 2012 -- The UK company met all Barclays’ criteria, including showing market strength in the economic climate, adaptability, good turnover growth, strong market share – and the ability to diversify into new markets. Cambridge News reported: ‘Quartix ticks every box. Vehicle tracking is what this
Door and window company’s sales up a third thanks to Quartix vehicle tracking
A Dorset door and window company has seen its sales increase by a third thanks to Quartix online vehicle tracking. Doors of Dorset, which has three vans equipped with Quartix tracking units, has also seen its mileage and fuel consumption drop dramatically. Company director Graham Bird said: “Vehicle mileage has dropped on average by 100 miles a week, with obvious fuel savings, while sales and productivity have increased. “Our figures show the same

All 5 Releases


More Releases for Andy

Andy Lewis MBE hangs up his blade
Andy Lewis MBE hangs up his blade. Paralympic champion announces retirement in the face of a cancelled Tokyo 2020, launches business to support mental health at work. Four years ago today, standing on Rio de Janeiro’s famous Atlantic Avenue, time slowed down for Andy Lewis. Staring out at the Copacabana coastline stretching ahead of him; the heat, the humidity, and a formidable line-up of competitors would make this his biggest challenge in
ANDY MEETS WARHOL at Art Basel in Basel 2019
PRESS RELEASE ________ ANDY MEETS WARHOL at Art Basel in Basel 2019 Enabled by AXA ART Versicherung AG, longtime Partner of Art Basel in Basel ______ Zürich, 22nd May 2019. ANDY MEETS WARHOL visits and reports between the 11th and 16th of June 2019 from Art Basel in Basel. The visit of the renowned Swiss art blogger is supported by AXA XL Art & Lifestyle. AXA XL Art & Lifestyle is a longtime partner of the
Andy Hui to Bring His Star Power to the CotaiArena
Hong Kong pop sensation Andy Hui is set to light up the CotaiArena™ stage with his charms, as he brings his reputable talents to The Venetian® Macao-Resort-Hotel on October 29. Having already generated rave reviews from his sold-out Hong Kong performance in May, the singer and actor will bring his On And On 25th Anniversary Concert to his Macao fans, with tickets going on sale September 28. As one of the
Andy Bennett Joins Crestron as Residential Regional Sales Manager
Rockleigh, NJ, July 28, 2011 – Crestron today announced the appointment of Andy Bennett as its new Residential Regional Sales Manager, covering southern California. Bennett joined Crestron from Novidor and Firestone where he was the Southwest Territory Manager. In this position, Bennett will utilize his sales and marketing experience to drive growth and brand awareness of Crestron solutions within his territory. “I am excited to have Andy join our dynamic west
Andy Galloway Joins RSL Funding as Senior Account Executive
RSL Funding Adds Staff In Response To Robust Growth As Top Structured Settlement Purchaser. Mr. Galloway brings top talent to RSL Funding. Houston, TX, May 20, 2011 -- RSL Funding, industry leaders in purchasing structured settlements, lottery winnings and annuities, added Senior Account Executive Andy Galloway to its growing team of seasoned sales and financial services professionals. Having increased its structured settlements purchasing sales staff by 25% in 2010, RSL Funding
SWISSÔTEL MERCHANT COURT, SINGAPORE APPOINTS ANDY YEO AS EXECUTIVE CHEF
Singapore, 28 May 2009 – Swissôtel Merchant Court is pleased to announce the appointment of Andy Yeo as Executive Chef to lead its culinary team. With over 22 years of experience, Chef Yeo is a veteran in the culinary world. He joins Swissôtel Merchant Court to elevate the dining experience for the hotel’s guests. Prior to joining Swissôtel Merchant Court, Chef Yeo who specialises in Local and Western cuisine, has