It’s no surprise that everyday a car loan borrower is not paying, the lender or BHPH dealer is losing money. With the loss of payment and added cost of collections labor, lenders or BHPH dealers are always spending more money to recover the debt owed.One of the worst parts of non-payment is the accrual of bad debt, which is the deficiency balance from a sale of a car that a borrower can no longer afford. The chances of a borrower paying the leftover balance for a car they no longer own is highly unlikely.And with the rise in auto delinquencies, the need to reduce costs, control risk and eliminate bad debt is more important than ever. BHPH dealers and lenders should at least consider incorporating GPS tracking as a smart business strategy that cuts costs and mitigates risk. In fact, 84% of our customers who use GPS tracking in their auto lending business report reduced delinquencies.Here are the two main ways that GPS tracking helps BHPH dealers and lenders.