February 12, 2012
Last month, we discussed how a GPS tracking device could be helpful to a consumer in the event that his or her car is repossessed. Some consumers may have a legitimate reason for trying to hunt down a car that has been repossessed, especially if the car was taken and they were not given adequate notice.
But to be fair we have to look at both sides of this issue: car dealers and leasing agencies also have some rights and they can also use GPS vehicle tracking technology to assist them in asserting these rights. Some consumers who default on their loans are given adequate notice about pending repossession and they do what they can to avoid it.
Repossession agents have pointed to an average rise of 15-20 per cent in the number of vehicles repossessed daily, and the number of repossessions jumped 10 percent in 2007.
As car repossessions hit a 10-year high in 2008, Rocky Mountain Tracking‘s Smart Track GPS device can help car dealers and leasing agencies trace and recover their vehicles with minimal fuss. Repossession agents are not the bad guys; they are doing their jobs and would prefer it if they could carry out orders quickly and efficiently.
If this is your line of work, consider Rocky Mountain Tracking‘s Smart Track solution. This discreet, anti-theft device can be installed unobtrusively in a vehicle and only need to be activated if and when it is necessary. You will only pay tracking fees if the car actually needs to be tracked. When the car is not being tracked, the tracking device rests out of sight.
“You could go for several years without ever having to pay any fees, and rest assured that your vehicles are protected with vehicle tracking,” says Brad Borst of Rocky Mountain Tracking. “In the event that a customer defaults on payment or a vehicle is stolen, you can pay a few dollars to recover the vehicle. At your command, the Smart Track car tracking web-based software will provide the vehicle’s current location and the vehicle’s starter can be disabled.”
If you lease cars, you certainly hope that it will not be necessary to track down any of the cars that your business has lent to consumers. But just in case you do need to get one of your vehicles, you can be proactive by already having a GPS vehicle tracking device like the Smart Track solution in place and ready to go when you need it.