Impound lot alert is a new feature for our auto financing GPS units. If you’re financing vehicles, GPS tracking units are a powerful tool. Don’t let customers drive off with your profits. Protect and monitor your portfolio with satellite tracking systems.
Before GPS and Track, I owned a buy here pay here dealership in Phoenix, AZ. I thought, we can charge high interest rates and have a nice ROI. Let’s get into this business. I had no idea how difficult it was. Collecting in the sub-prime market is very difficult. Customers don’t always have insurance and get into accidents. Vehicles break down and customers don’t want to pay for repairs.
Where I lost the most money was impounded vehicles. Cars would get impounded by the city or state for many reasons. When a vehicle gets impounded there are typically daily fees. These fees can compound to hundreds of not thousands of dollars. An abandoned vehicle title can sometimes be filed which will release all liens on that vehicle. An impound lot alert could have saved me a considerable amount of money and aggravation.
The dealership GPS tracker from GPS and Track offers impound lot alerts, tow alerts, and backup battery which will all assist in protecting your assets. Our GPS trackers have dual chips for faster response. We use the 4G network for the best car tracking coverage. Vehicle GPS tracking systems are an affordable way to protect your portfolio. Don’t let customers drive off with your money.
This video shows a great example of how important impound alerts and having a backup battery is. A buy here pay here vehicle got impounded. The lien holder will get notified via mail about the impound vehicle. That could takes days or even weeks. Meanwhile, impound fees are accumulating. Because the vehicle has a vehicle tracker, an alert went off and notified the dealer.
Our GPS units also include: