In the Buy Here Pay Here (BHPH) dealership industry, having a reliable GPS tracker is a crucial aspect of running a successful business. With over 40 years of experience in the automotive industry, Larry Carter knows the importance of protecting assets and maximizing profits. In this article, we’ll explore the benefits of using GPS tracking for BHPH dealerships and how it can help improve your business.
Asset Protection with GPS Tracking
One of the main benefits of using GPS tracking for BHPH dealerships is asset protection. With real-time tracking capabilities, you can monitor the location of your vehicles at all times. This makes it easier to recover stolen vehicles and helps reduce the risk of fraud.
Additionally, GPS trackers can be equipped with features such as geofencing, which allows you to set boundaries for your vehicles. If a vehicle leaves the designated area, you’ll receive an alert. This can help prevent theft and improve security. ARA GPS knows that protecting assets is crucial to the success of any BHPH dealership, and GPS tracking is an effective solution.
Boosting Efficiency and Profits
In addition to security and customer satisfaction, using GPS tracking can also improve efficiency and increase profits for BHPH dealerships.
Additionally, GPS trackers can help with:
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- Asset Recovery – Quickly recover your inventory when loans default. Have the vehicle back in your possession and ready to sell in no time!
- Loan Mitigation – the use of BHPH tracking devices can provide lenders with the necessary tools to monitor and manage risk, while also giving borrowers the opportunity to establish or rebuild credit through on-time payments and responsible vehicle ownership.
- Tamper Evidence – Receive alerts if the user tries to remove or otherwise compromise the tracking device.
- Impound Notifications – Through geofencing, quickly become alerted when your vehicle is in an impound lot, increasing recovery time and avoiding costly impound fees.
Choosing the Right GPS Tracker for Your BHPH Dealership
When choosing a GPS tracker for your BHPH dealership, it’s important to consider a few key factors.
Firstly, consider the features you need. Do you need real-time tracking, geofencing, or vehicle maintenance alerts? Make sure the tracker you choose has the features you need to meet your specific needs.
Next, consider the cost. GPS trackers can range in price from a few dollars to hundreds of dollars per unit. Make sure you choose a tracker that fits within your budget and provides good value for your money.
Finally, consider the customer support and warranty offered by the manufacturer. Make sure you choose a manufacturer that provides good customer support and a warranty that covers any potential issues with the tracker. With over 40 years of experience in the automotive industry, ARA GPS knows the importance of choosing the right GPS tracker for your BHPH dealership.