Deal Pack Blog
Three Reasons Why Every BHPH Dealership Should Be Using Telematics
BHPH dealers need every advantage possible when they are trying to survive in an industry that is heavily regulated, lends money to high risk borrowers, and is packed with competition. This is why many BHPH dealers are starting to take advantage of telematics technology, by installing GPS tracking and/or starter-interrupt devices in each of their sold vehicles. Here are three reasons why every BHPH dealership should be using telematics.
- When all collection efforts have failed to get the customer’s account current, having a GPS location device installed in the vehicle will help get that vehicle repossessed quickly, minimizing overall repossession costs.
- Customers who purchase vehicles with GPS and/or starter-interrupt devices are going to be much more likely to make their payments on time due to the fact that the vehicle can be remotely disabled with starter-interrupt technology and/or recovered quickly by using the GPS location.
- Just one extra payment collected on an account as a result of using telematics is usually enough to cover the cost of the device installed in the vehicle, and over time the benefits are going too far exceed the costs.
Using telematics technology is crucial for BHPH dealerships who care about their bottom line, and Deal Pack Pro currently offers software integrations with Passtime, Ituran USA, and Ontime to proivde a seamless process for your BHPH dealership.
Please call our Support Staff at 1-800-526-5832 for more information regarding a telematics integration within Deal Pack Pro.