By Tanya Ferrero LoJack Go was launched to address the unique pain points that every Buy Here, Pay Here dealer experiences. One important point of friction is ensuring that borrowers pay their loans on time. Through LoJack Go’s Carpay feature, dealers can conveniently send automated payment reminders, receive payments from their customers through mobile or …
BHPH Dealers Can Improve Collections by 20% with LoJack Go Read More »
By Tanya Ferrero LoJack Go is available exclusively for all GoldStar dealers and their customers. LoJack Go allows dealers to offer their customers connected car technology from a brand they trust while also improving their payment collections by 20% on average, managing their loan portfolios, and promoting the ongoing maintenance of every vehicle sold. “Within …
By Tanya Ferrero As many subprime customers face economic instability from the pandemic and economy, BHPH dealers must prepare for upcoming obstacles to maintain and grow their operations this year. Difficulties from last year continue to impact the labor force in 2022, including unemployment, underemployment, and illness. In addition, the recent halt in government assistance …
Happy Holidays to you and yours! As you may know from reading this blog, Spireon had the pleasure this year of sponsoring CapitolTreeTracker.com, which allowed users to track the Capitol Christmas Tree as it traveled from New Mexico to Washington, D.C. In honor of the tree and to wish you the happiest of holidays, we’d …
Wireless has been around forever. If you’re a certain age, the concept may seem fairly new, but it was a full 20 years ago when Apple launched the wireless internet revolution with Wi-Fi on its iBook laptop. Twelve years ago, Bluetooth 2.0 was included in the inaugural iPhone (along with a whopping 16 GB of …
Wire-Free GPS Trackers: Like a Screen Door on a Submarine Read More »
In years past, auto dealers benefited from a 60- to 90-day tax season, but those days are gone due to the PATH Act, which now requires that the majority of tax refunds not be processed until after Feb. 15. As a result, tax season has shrunk closer to a six- to nine-day time period. In 2017, …
Despite most analyst predictions of flattening auto sales for the foreseeable future, auto loans appear to remain a highlight in most credit union portfolios. Of particular interest to institutions financing used car loans is the average age of cars on the road setting a new high water mark of 11.6 years, per Credit Union National …
Used Auto Loans: The Now and the Future of CU Portfolios Read More »
Life is full of uncomfortable conversations. Maybe it’s that you don’t want to ask the boss for a well-deserved promotion. Maybe you don’t want to let on to the dentist that you haven’t been flossing every single day. Maybe you avoid telling your spouse that the chicken is dry. And that’s just it, we beat …
As the US economy continues a steady acceleration in GDP and job growth, more consumers find themselves in stronger financial standing with greater purchasing power. Unfortunately, consumer credit scores don’t always reflect the same progress. A 25 percent tariff hike on imported vehicles, if imposed, would push subprime consumers away from new car options and …
Understanding the Tax Cuts and Jobs Act – 4 Ways to Prepare Your BHPH Dealership Read More »
Auto Finance Summit 18 Session Recommendations The 18th annual Auto Finance Summit in Las Vegas is growing from the events of years past. In order to deliver on its stated mission to provide excellent education and networking to the auto lending and leasing industry, several new workshops, spotlight sessions, and networking events are being added …
