Vehicle Recovery for the Auto Finance Industry
Sell with Confidence!
Selling vehicles in a competitive environment requires an extensive search for every competitive advantage. In order to open the pool of eligible buyers and mitigate risk, many new car dealerships and “buy-here, pay-here” dealerships are controlling risk through the use of low cost Fleetistics management systems. Our VLU-1000 GPS system was designed specifically for the automotive industry and individuals wanting to protect a vehicle. The VLU-1000 offers a car dealer or finance company the opportunity to finance to a broader range of credit scores without an equal amount of risk.
Track Your Inventory Beyond the Sale
Consider the impact of being able to expand the number of vehicles sold to 5-10% more prospects because you have a reasonable assurance that you are likely to recover a vehicle in the event of default on the loan. The best part is the cost of the GPS system used to allow you to do this will be rolled into the cost of the loan and the customer pays for the technology. Customers that have marginal credit and would not likely be able to get financing can now get a vehicle because you have less risk. The benefit of selling 10% more vehicles each and every month represents a huge increase in revenue to most companies for the minimal investment required by the VLU-1000 GPS tracking and recovery system.
Only Pay for What You Use
The VLU-1000’s basic design was intended for one purpose only – vehicle recovery at a price point that’s attractive to car dealerships. There are several ways the VLU-1000 GPS unit makes this possible. For one, there are no monthly fees. You pay for locating the unit as you go. There is no monthly fee required to keep the system active and no administrative fees or hidden fees. You buy “locates” when they are needed and you can share or pool your locates between vehicles in your account. This means you can buy 500 VLU-1000 units and only buy 10 locates at a time. This is a very cost effective model for the automotive industry.
Remotely Disable Ignition
The VLU-1000 comes with an ignition relay which allows you to prevent the vehicle from restarting. Blocking the ignition allows the vehicle to be recovered at a much lower cost than using traditional methods of searching for a vehicle over an entire city, state, or nationwide. It is as simple as locating the vehicle, blocking the ignition, and driving right to it.