Connected Vehicle Insights for Buy Here Pay Here Dealers
For buy-here-pay-here dealers looking to mitigate risk, predict defaults and collect more payments – GoldStar® provides tools you need to help grow with confidence. GoldStar enables buy-here-pay-here dealers to easily locate vehicles, validate references, improve payment collection and proactively manage their assets.
View a Day In the Life of a GoldStar® BHPH Dealer
HOW BHPH AND AUTO LENDERS BENEFIT
FROM A GPS SOLUTION
Get the Free Guide to GPS Benefits
for BHPH Lenders and Auto Lenders
Auto Tracking and Recovery
Quickly locate, track and recover assets
Reduce Delinquencies
Data reporting and alerts help predict defaults
Mitigate Risk
Peace-of-mind with vehicle location management and reference verification
Predictive Telematics
Quickly and easily set reports and alerts to stop problems before they start
Reference Verification
Quickly validate a buyer’s references and instantly lower risk
Rental Asset Management
Locate vehicles in your fleet and manage lot inventory easily
Why Buy Here Pay Here Dealers Use GoldStar®
Vehicle Location
To give visibility on where assets are when a consumer is delinquent on a loan payment, Quick Locate easily pinpoints a vehicle in real-time. GoldStar can also predict where a vehicle may be with LocationGenie™ and recourse is made easy with Recovery Link if repossession is needed.
Proactive Management
The goal of the subprime dealer/ lender is to KEEP consumers in cars, driving. Proactive alerts for vehicle abandonment, tow lots, battery disconnects are early warning signs of default giving insight into why the car is not moving and the ability to reach the consumer and stop problems before they start. It saves on costs and increases profitability.
Reference Validation
To help reduce risk of lending to a subprime buyer, a quick and easy way to verify the buyer’s references is needed when they approve a loan. ReferenceGenie™ is a patented technology where data is collected and analyzed to validate work and home addresses – alerting the lender as quick as 24-48 hours if the information was fraudulent.
Payment Collection
To improve collection efficiencies and stay within the compliance regulations of contacting a consumer, GoldStar provides data rich reports to determine when, where and the best way contact can be made to collect payments. Audible payment reminders (buzzer) can also be deployed to remind the consumer their payment is past due