Although ELDs aren’t expensive, some ELD manufacturers are charging a lot of money for them. The monthly price for an ELD is something that you’ll be paying on a regular basis. Assuming you buy an ELD solution at $40 per month — and you have 200 trucks in your fleet — you’ll be paying $8,000 every month. However, there are some cost-effective ELD solutions out there. Make sure to find a solution that fits your financial needs.
According to FMCSA, the average price of an ELD is about $495 per truck, with a range of $165-$832 per truck annually (as low as $15 per month, per vehicle).
Ultimately, carriers have to bear the cost of the ELD mandate. A cost-effective bring your own device (BYOD) solution can help minimize the overall burden and cost of ELDs.The KeepTruckin ELD costs $150 with a monthly fee starting at $25. Depending on features, the electronic log can range from $0-$50. Our Pro plan includes Automated IFTA fuel tax reporting, Idle-time tracking, vehicle diagnostics, driver scorecards, and coaching programs, and asset tracking.