LeaseWave Fleet Pricing Guide (Jul 2020)

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Last updated: Jul 16, 2020

LeaseWave Fleet Pricing

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LeaseWave Fleet is a cloud-based leasing and fleet management software. The software has several functionalities which include an end-to-end lease, vehicle leasing, portfolio management for equipment leasing, a...

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LeaseWave Fleet Pricing - The Ultimate Guide

Shlomi Lavi / Jul 16, 2020

LeaseWave Fleet Total Cost Rating: (5.2/10)

When comparing LeaseWave Fleet to their competitors, on a scale between 1 to 10 LeaseWave Fleet is rated 5.2, which is similar to the average Fleet management software cost. LeaseWave Fleet are offering few flexible plans to their customers, read the article below in order to calculate the total cost of ownership (TCO) which includes: customization, data migration, training, hardware, maintnance, updgrades, and more.

You can also leave your info with us to get a free custom quote with the break downs for your business needs.

Fleet Management Software

Most fleet management software in the market are priced between $3 and $85 upward on a per month basis, based on the number of admin users, number of drivers, or number of vehicles. For example, CloudFeet pricing begins at $10 per user monthly, BigRoad pricing from $15 per user monthly, and Lacoon pricing starts from $500 monthly.

These are the starting price points for most vendors as found on their websites; hence, premium or enterprise plans with more robust features will cost more. Also, some products have perpetual licenses that can be bought with a one-time fee, for which businesses can expect to pay from $500 upwards.

In addition, most fleet management products are designed to serve different business sizes; hence, prices may vary.

  • Small businesses can expect to pay within the range of $5 to $20 per month for a fleet management software. For example, OptimoRoute pricing starts from around $19 per driver monthly, Vimcar costs $5 per user monthly, and Odoo pricing begins at $20 per user monthly. Also, some vendors have feature-limited offerings or plan ideal mostly for small businesses; examples are Abivin VRoute, VEZMA, and BulkData Pro.
  • Medium businesses price points a fleet management software falls between $20 to $100 per month. For example, BadgerMaps cost price starts from $49 per user monthly, while Visual Planning pricing starts from $40 per user monthly, as well as an option for $808 perpetual license. Also, Route4Me pricing starts from around $99 per month.
  • Large businesses can expect to pay within the range of $100 and $200 above for a fleet Management Software per month. However, most offerings for large-sized enterprises include more than one account for users, drivers, or vehicles. For example, eLogii pricing starts from $199 per month, Onfleet pricing goes for $149 per month, and ISNetworld costs around $680 for a number of set users. Note that some vendors may request extra fees for setup and onboarding for their software, depending on their pricing terms.

Fleet management best of breeds and their price ranges are as follows:

  • Transportation Dispatch Software The price for most transportation dispatch software in the market is set on a per-user, per-month basis. The price ranges are $10 to $50 and $50 to $100. For example, Ai Field Management pricing goes for $9 per user monthly, The Service Program costs about $49 per user monthly, and Ride Scheduler pricing starts $99 per user monthly. Also, note that premium or enterprise plans with more features will cost more.
  • Maintenance Management Software The pricing for most maintenance management products lies between $14 and $60 above on a monthly basis, depending on the number of users or usage. For example, 60Herts pricing starts from $20 per month, EzoOfficeInventory pricing goes for $35 per month, and Limbe CMMS from $35 per user, per month.
  • Trucking Software The price for most trucking software in the market is set on a per-user, per month basis. The price points can be broken into three tiers, starting from $8 to $30, $30 to $150, and then $150 upwards. For example, Transport Pro pricing starts from $100 per month, TruckLogics pricing goes for $7 per user monthly, and Trucks Trip Planning App cost about $25 per user.
  • Transportation Management Software Software prices in this category fall in the range of $0 to $20, $20 $50, and $100 to $300 for premium offerings. Also, most products are priced monthly, based on the number of users, orders, or trip. For example, MyRoute Online pricing goes for $15 per user monthly, InforMore pricing from $0.25 per transaction, and Dispatch Max pricing starts from $130 per user, per month.
  • Towing Software Companies can expect to pay within the ranges of $10 to $50 and $100 to $200 for a towing software. Also, most products are priced on a per user, per month basis. For example, Towbook Management Software pricing starts from $49 per month, Husky Intelligence pricing from $19 per user monthly, and $ClearPlan costs $197 per month.

Fleet management Total Cost Breakdown

When it comes to selecting Fleet management software product, buyers are primarily concerned about its cost. In fact, it is the cost that determines whether a potential buyer would go with the product. True, there is no one-size-fits-all formula to determine the “worth” of a software product, but as a software buyer, you want to make sure you get the best value for your money, without having to dig a big hole in your pocket.

Understanding the exact price of Fleet management Software isn't easy as The overall cost of software includes the cost of software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership."

3 Software Pricing Models

There are primarily three common pricing models – Perpetual License, Subscription, and Commercial open source.

  • Subscription/Software-As-A-Service: - Not relevant for LeaseWave Fleet
    Under this software pricing model, the software is accessed over the Internet, as opposed to installed on-premises. The payment is made either on a per user basis or subscription basis. Ideally, customers are required to pay a recurring monthly fee until a specific period for using the software. Subscription pricing model is more common with Software-as-a-Service (SaaS) apps.
  • Upfront cost for customization and integration is less compared to perpetual license cost because there is not much flexibility with SaaS systems in this area.
  • Recurring cost is greater as customers are required to make monthly payments as subscription fee. Additionally customers using premium support services must pay an extra fee.
  • All in all, the total cost of ownership in the both cases is almost the same and may span over a period of 7-10 years, though you may have to pay a higher perpetual license fee upfront. The software cost may vary from starter to mid range to enterprise level apps in both cases.
  • Perpetual license: - Relevant for LeaseWave Fleet
    A common pricing model for on-premise applications, perpetual license requires a customer to pay an upfront sum to own the software or other intellectual property on-premises for a fixed term.
  • Upfront cost involves the fee for installation, customization, integration with existing systems, besides perpetual license fee.
  • Recurring cost is low in this pricing model and may include cost for updates, maintenance, upgrades, and patches. Some vendors do offer premium support services, which come for an extra price.
  • Commercial open source: Not relevant for LeaseWave Fleet
    The customer can acquire the software free of cost without having to incur any upfront license fee. As a customer, you’re solely responsible for the ongoing maintenance, upgrading, customization, and troubleshooting of the application to meet your specific needs. You are on your own for providing end-user support, since you are not locked in with a vendor-supplied software solution.

LeaseWave Fleet - cost of customization:

If you need specific features in your software catering to your specific business requirements, the vendor will charge customization cost, depending on your needs and feature requirement. Ideally customization cost is more complex to calculate compared to licensing cost.

Some apps allow you to easily combine data from multiple sources, without any complicated query requirements, while some others can be embedded into different applications to provide enhanced reporting. If you seek products that support customizable dashboards and predictive analysis to identity possible trends and facilitate decision making, you may have to pay higher for all the customization features.

Additionally, the following factors may affect the cost of customization:
  • User interface changes
  • Configurable dashboards
  • Data elements required for tracking
  • Forms to collect additional data
  • Dashboard, management and operational reports that are needed.
  • Workflows and how complex they are.
  • Forms to collect additional data.
Here are some questions to answer: How much customization is needed? How many system you want to integrate to? Does your company work like industry standars or has it's own customize processes? What kind of special reports are needed?

In order to calculate the cost of customization you can use the following estimates:

  • Minimal customization - integrate with 1-2 systems: $2,500
  • Standard customization - integrate with 3-5 systems: $10,000
  • Fully customized system - integrate with more than 5 systems: $25,000

LeaseWave Fleet - cost of data migration: Relevant for LeaseWave Fleet

Most companies opt for data migration services from a vendor, which raises the cost of product ownership. If you choose to transfer data on your own, you can avoid paying the cost of data migration.
Data migration cost depends on the amount of data to be transferred, your current software, availability of migration tools, complexity of data, and gaps between the existing system and the new system.

If your data is stored in excel spreadsheets, then it may incur you a lot of time and money to migrate data from excel.
By involving a software services provider in data migration, you are asking them to offer additional services, for which you may have to pay extra.

As a rule of thumb the cost of data migration depents on how many records you want to migrate. Records can include number of Customers, invoices, financial transactions, products, versions, etc. Here is a list you can use as a rule of thumb:

  • 1,000 records: $500
  • 10,000 records: $2,500
  • 100,000 records: $10,000
  • 1,000,000+ records: $25,000

LeaseWave Fleet - cost of training: Relevant for LeaseWave Fleet

As a software buyer, you are required to pay extra for in-person training, though some vendors offer web-based training as part of the package. Training cost may involve end-user training, video/self training, group training, department training, and train the trainer.

Training cost derived from the training approach that you select for your organization:
  • End-user training.
  • Group/Department training.
  • Video /self training.
  • Train the trainer approach.

Here are some questions to answer: How many training groups (different departments, usages, type of users) are needed?

In order to calculate the cost of training you can use the following estimates:

  • 1-2 Training Sessions: $500
  • 3-4 Training Sessions: $1,500
  • 5-7 Training Sessions: $2,500
  • 8-10 Training Sessions: $5,000

Cost of Hardware & IT: - Relevant for LeaseWave Fleet

This can be a major expense for on-premise software buyers that need their own servers and other infrastructure to install the solution. This may be a costlier alternative than cloud solutions. In that case, you may want to go with cloud services that do not involve infrastructural investments and you can rely on the vendor’s web-based solutions.

Software pricing may also depend on software capabilities, including marketing automation, sales automation, help desk, and call center.

Cost of support for LeaseWave Fleet - An Important Factor:

As a customer investing in a software product, you are looking for constant support, besides the price of the software. Support has become a crucial part of value-based pricing that you are willing to pay as a customer.

There is no use buying a software product and facing inconvenience due to some technical glitches that you know nothing about and are reliant on the vendor to give you a solution. It is crucial that you go for a product from a vendor that provides solutions to ongoing problems.

Shift From Licensing Fee to Subscription Fee Models: - Not relevant for LeaseWave Fleet

In an effort to build more sustained relationships with customers, most software vendors have chosen to offer the managed services model to accommodate changing customer behavior. There has been a significant drop in licensing revenue, thanks to the emergence of software-as-a-service model and downfall of the packaged software.

The new pricing model requires customers to pay little upfront fee and ongoing subscription fee on a monthly basis. The alternate pricing model stretches payments over a period of few years compared to lump-sum licensing fee.

Customers are happy to pay small monthly installments for subscribing to the ongoing support and maintenance services from vendors, without having to pay large upfront payment which can be too much for small businesses.

Compare LeaseWave Fleet pricing to Alternarive Fleet management solutions:

When comparing LeaseWave Fleet to their competitors, on a scale between 1 to 10 LeaseWave Fleet is rated 5.2, which is similar to the average Fleet management software cost. The two main competitors of LeaseWave Fleet include Tranware and Dossier Fleet Maintenance. TranWare is a cloud-based transportation software that is designed for the taxi, shuttle, paratransit, as well as other ground transportation fleet, while LeaseWave Fleet is a cloud-based leasing and fleet management software. TransWare is offered by TransWare, LLC, which is a company that is based in the United States, whereas LeaseWave Fleet is a software product that is also offered by a company in the United States, known as Odessa Technologies.

Some of the key features of TranWare include billing, dispatch management, automated scheduling, and maintenance, while some of the key features of LeaseWave Fleet include inventory management, fuel management, mileage tracking, motor pool, and dispatch management. Dossier Fleet Maintenance is a cloud-based fleet management software whose main goal is to maximize profits and productivity of a fleet, while LeaseWave Fleet is a cloud-based leasing and fleet management software.

Dossier Fleet Maintenance is a product of Dossier Systems, a company that was founded in 1979 in the United States, whereas LeaseWave Fleet is a software product that is offered by a company that was founded in 1996 in the United States, known as Odessa Technologies.

Some of the key features of Dossier Fleet Maintenance include driver data and logs, mileage tracking, and dispatch management, while some of the key features of LeaseWave Fleet include inventory management, fuel management, mileage tracking, motor pool, and dispatch management.

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