by James Neely, freelance writer
With many families struggling to make monthly payments, some used car dealers that finance their own sales have seen their losses increase in the last few years. One of the ways they are fighting back is with the installation of GPS Tracking devices in each vehicle they sell.
The popularity of the “buy here, pay here” dealers has gone up because they require little if any credit pre-qualification in order to drive off of the lot with a vehicle. This leaves them vulnerable to those who stop making payments and then skip out or hide the vehicle.
Location is King
If a customer falls behind on payments, it triggers a red flag in the business that there might be a problem. Rather than letting it go, these dealers need to be proactive in finding out of there is a problem. It might be something that can be resolved and get the customer back on their payment schedule. But, it might be indicative that there is a long-term problem and that they are going to have to make a decision whether or not to re-possess the vehicle.
If the later is the case, location is all important, because if the customer refuses to comply, then they might be forced to obtain the vehicle without the compliance of the customer. GPS Tracking devices like the Smart Tracker allow the dealer to locate the vehicle quickly and track it while it is moving if needed.
Low Cost Options
This GPS Tracking device is less than $200 which makes it easy to cost-justify. And, with a Smart Tracker there are no monthly fees until the device is activated as needed. You can even add an internal battery backup to the unit which can be done for just a few dollars. It makes the decision to purchase easier than ever.
Control and Flexibility
The GPS Tracking Smart Tracker puts you in charge of your inventory of vehicles that are still being financed. Once the finance period is over, you can offer a free oil change so that the device can be removed and used on another vehicle.
This means that you have full control and flexibility when it comes to making sure that your business is profitable. And that is very important in the economy in which we find ourselves.Google+