Cartrack R1 million Warranty a world-first

Cartrack’s newly-launched R1 million Limited Recovery Warranty is unmatched by any other vehicle tracking company in the world.

The R1 million Recovery Warranty is an assurance to Cartrack’s customers that they will be paid out the book value of their vehicle, up to R1 million, in the unlikely event that their stolen vehicle isn’t recovered.

According to Cartrack CEO Harry Louw, the R1 million Warranty is a sign of the company’s confidence in its ability to service Cartrack’s customers.

“We have a highly skilled in-house recovery team, both in the air and on the ground, who work around the clock, often entering dangerous areas to retrieve our clients’ valuable vehicles. This capability, combined with our innovative and leading technology, is why Cartrack has the industry’s highest independently audited recovery rate of 92%”, says Louw.

Louw’s comments follow the recent release of Cartrack’s half-year financial results, which showed year-on-year growth of 23% of Cartrack’s subscribers in the country, with over 830 000 South Africans making use of Cartrack’s services as at the end of October 2019.

Buying a car is probably the most expensive purchase that most South Africans will make after buying a home. However, owning a car in our country also comes with significant security risks. Despite these risks, many South Africans view insurance as a luxury they can’t afford, which is why an estimated 70% of the 12 million cars on South African roads are uninsured.

Through its world-class in-house software and recovery infrastructure, Cartrack offers its customers (whether their cars are insured or uninsured) increased confidence that their vehicles will be speedily recovered in the event of a theft or hijacking.

“This is our way of giving our clients peace of mind.  We are the only vehicle tracking company in the world to offer this level of warranty to our clients. Not only do we believe it is the right thing to do, but we are also confident it results in a strong service commitment to our customers,” says Louw.

Cartrack is committed to fighting crime in communities and ensuring that its customers are put in control when it comes to protecting their cars and ensuring their own safety.  The Cartrack R1 million Warranty is available through all participating motor dealerships.

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