When a dealer has exhausted all efforts to receive payment for a vehicle, the next step is to pursue a recovery. While some customers will take responsibility for not following through on making payments and relinquish their vehicles willingly, others will go to extreme measures to evade recovery agents.
Meanwhile, the dealer has thousands of dollars on the street with nothing on the books to show for it. For many of our BHPH customers, just one unrecovered vehicle can make or break their business. That’s why our GoldStar GPS vehicle tracking solution offers two powerful features, GeoZones and GeoFences, our star defensive line ready to protect your most valuable assets.
Think of a GeoFence as a virtual fence that dealers can set around individual vehicles. Once the boundaries are established, a dealer will receive real-time alerts when a vehicle crosses that line.
Let’s say you’re trying to recover a vehicle, but the customer has parked it at a relative’s house within a gated community. Now, unless you want to pay your recovery agent to keep an eye on the community around the clock in hopes of seeing the vehicle leave, getting it back will be next to impossible.
On the other hand, a dealer with GoldStar GPS can set a GeoFence around the community and receive an alert the moment the vehicle leaves. No guesswork, no waiting. Just quick and affordable recoveries.
Similar to the virtual fence idea with a GeoFence, a GeoZone focuses on a location rather than the individual vehicle. This could be state boundaries or nearby impound lots, and alerts can be set to notify you on a set cadence.
If a vehicle you’re trying to recover is abandoned and towed, it will be taken to an impound lot without you knowing about it. Every day it sits, it costs you more money to retrieve the vehicle. Now, you’re not only losing money from a customer not paying, but having to pay huge fees to the impound lot.
With GoldStar GPS, a dealer can log in every day, check to see if any vehicles have been impounded and get them back before the costs skyrocket. They can even notify customers in good standing if their car has been impounded so that they can save money as well.
Master Geography and Get Your Vehicles Back
When buyers come to your dealership with less-than-stellar credit, you take on significant risk. To help protect your bottom line and the future of your business, Spireon’s GoldStar GPS vehicle tracking solution was designed with the features you need to find and recover your vehicles as quickly and cost-effectively as possible. Get in touch today for a free demo, and let us show you how easy it is to get in the zone!
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