By Greg Bartlett
Difficult economic times place everyone in a situation of having to watch their spending more closely, protect their assets more carefully, and make sacrifices in day to day living. Small business owners must work even harder to make sales and make sure customers don’t default on payments. One industry that has been particularly hard hit is the auto sales industry. Fewer people are buying cars, and more are unable to make payments after losing a job or seeing a pay decrease at work. If you own a Buy Here, Pay Here car lot and you’re worried about losing your stock if a customer defaults, then you may want to consider purchasing a GPS tracking device for the cars you sell.
GPS tracking is becoming more and more versatile all the time. One option now available that can benefit independent car lot owners is a smart tracking device. When you purchase the device, you can add it to the cars in your lot while leaving the tracking capabilities deactivated. When a customer leases or finances the vehicle, the tracking device stays with the car. Many car dealerships already offer customers a free oil change or service package at the end of the lease or finance agreement, so when they bring the car in for service, you can remove the tracking device at the same time. The benefit of the smart tracker is that you can activate it only when you need it, pay for just one day of use, and avoid monthly service fees. If, for instance, a customer defaults on his loan and fails to return the vehicle, you can activate your GPS tracking device in order to find the car immediately.
Not only will the smart GPS tracking device protect you from customers who default on their agreements, but you’ll also be protected against stolen vehicles. While vehicle theft overall has decreased over the past five years, still, the cost in stolen vehicles during 2008 was $6.4 billion. By taking the initiative to install a GPS tracking device in the cars for sale on your lot, you can protect yourself from significant losses. No one can afford to lose even one car to auto theft when the average cost of a stolen vehicle is over $6,000.
Your business stands between you and unemployment. Don’t let auto theft be the deciding factor in whether your business survives or fails. GPS tracking can give you the advantages you need to make sure you not only make it through the economic crisis, but that your business continues to thrive.