How can GPS tracking benefit my BHPH dealership
GPS tracking devices in your vehicles offer multiple benefits that deliver a strong return on investment for BHPH dealerships. The cost is quickly offset by improved collections and reduced recovery expenses.
Every vehicle in your inventory becomes a more secure asset when equipped with GPS tracking technology. This simple addition to your auto finance process protects your investment while also creating a more transparent relationship with customers.
GPS tracking helps your dealership in several key ways:
- Reduced recovery costs when repossession becomes necessary, as you'll know the exact location of vehicles
- Improved customer satisfaction through payment reminders that help borrowers stay current
- Enhanced collection rates as customers are more likely to prioritize payments on tracked vehicles
- Simplified inventory management across your entire dealership operation
- Lower operating expenses through more efficient recovery processes
The technology provides a comprehensive solution that benefits both your business operations and your bottom line. Many BHPH dealers find that GPS tracking devices pay for themselves after just a few successful recoveries.
Will using GPS trackers help reduce my default rates?
Yes. Studies show that customers are more likely to prioritize payments when they know a vehicle has a GPS tracker installed. The transparency about tracker installation often leads to more responsible payment behavior.
Implementing dealership tracking systems creates a powerful psychological incentive for timely payments. When borrowers know their vehicle includes a car tracking device, they understand that skipping payments becomes a higher-risk proposition, as you can quickly determine the vehicle location should recovery become necessary.
By reducing default rates, these systems often pay for themselves within just a few months through improved cash flow and fewer costly repossession proceedings. Dealers typically report 15-30% reductions in payment delinquencies after implementing comprehensive tracking solutions.
Are volume discounts available if I am purchasing more than one tracker for my dealership?
Yes, we do offer volume discounts for dealerships purchasing multiple GPS trackers. Our pricing structure is designed to reward dealers who implement tracking across their entire inventory.
When using GPS technology across multiple vehicles, from standard cars to specialty vehicles like golf carts, your dealership benefits from significant cost savings at scale. Our volume discount tiers typically begin at 10 units and increase as your order quantity grows.
The easy installation process means you can quickly deploy trackers throughout your fleet without disrupting operations or requiring specialized technical skills. Most devices can be installed in under 10 minutes per vehicle, allowing you to protect your entire inventory efficiently.
Many dealers find that implementing GPS tracking actually helps improve customer service by enabling more proactive communication about maintenance schedules and payment reminders. Your team can leverage the tracking system to enhance customer relationships rather than simply using it as a recovery tool.
For a detailed quote reflecting your specific volume needs, our sales team would be happy to prepare a customized pricing package that maximizes your savings while ensuring you have the right tracking solution for every vehicle in your inventory.
Can I set up geofencing for my financed vehicles?
Yes, you can set up geofencing for your financed vehicles. Our GPS tracking devices are designed specifically with BHPH dealerships in mind, offering powerful geofencing capabilities that add an extra layer of security to your inventory management.
The geofencing feature allows you to create virtual boundaries around specific geographic areas. When a vehicle equipped with our GPS tracking device crosses these predetermined boundaries, you'll receive an immediate alert through our platform. This functionality is particularly valuable for BHPH dealerships looking to monitor their financed inventory more effectively.
You can customize multiple geofence parameters based on your dealership's needs, including:
- Setting boundaries around your city or state to identify vehicles being taken out of your service area
- Creating restricted zones where you don't want vehicles to enter
- Establishing allowed areas where vehicles should remain during financing terms
Each vehicle's location is tracked in real-time, enabling you to respond quickly to any boundary violations. Many BHPH dealers use geofencing as a proactive risk management tool, addressing potential issues before they escalate to payment defaults or vehicle disappearance.
The system is flexible enough to adjust geofence parameters as needed, allowing you to modify boundaries based on customer payment history or other risk factors.
Do your GPS trackers offer the ability to remotely immobilize a vehicle?
Yes, our GPS trackers do offer remote vehicle immobilization capabilities. This feature allows BHPH dealerships to remotely disable a vehicle's starter when necessary, typically in cases of severe payment delinquency or potential fraud.
The immobilization function works through a relay connected to the vehicle's starter system. When activated through our secure web portal or mobile app, it prevents the vehicle from starting after it has been turned off. This is designed as a compliance tool rather than a safety hazard—the system cannot shut down a running vehicle, only prevent it from restarting.
Many dealerships find that simply having this capability reduces default rates, as customers understand the immediate consequences of missed payments.
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