Auto dealers need to think of the cars they finance as a financial portfolio. A very high risk portfolio. If you had a few stocks in your ETrade account or with a stock broker, you would monitor it. It’s the same thing with vehicles financed. Most buy-here-pay-here dealers get 20% or higher interest rates. They need that high rate to cover the repo’s, impounds, lost vehicles, etc. However, what if you would stop losing vehicles? The LMU-1230 is the newest 4G car tracking device with starter disable. This GPS tracking device was create for sub-prim auto financing.
The LMU-1230 has innovative features create for the auto financing industry. These units have impound alerts. This will notify the user when the vehicle gets impounded. Vehicle impounds are very costly and sometime an abandoned vehicle title can be filed. This allows the car title to be transferred to the impound lot.
The car tracker also has a backup battery. This is the most important feature. If the car loses power, the backup battery will kick in on the device. It triggers an alert to the user. When the car loses power it typically means the battery was disconnected. Our competitors GPS trackers that don’t have a backup battery just lose power immediately. No last locate. No last alert. That is why we only sell GPS trackers with a backup battery.
We recommend auto financing dealers to get reports emailed to them daily. It is a great way to spot check and see location, alerts, and activity. The most important alert is “battery.” This is a red flag indicating something is wrong and the car is about to lose power. Check out a little video we did. Please contact us with any questions.
GPS and Track has over a thousand car dealerships as clients. They see the value of having a quality GPS tracker on their vehicles. One thing we have noticed is successful car dealerships monitor their portfolio closely. They make sure the vehicle is running and if it isn’t, work with the customer to get it fixed. If the car isn’t driving, the customer isn’t paying.
Learn more about our Dealership Car GPS Tracker