After our company headquarters was robbed for the fifth time, I decided we needed to do a little better at bolstering security. Instead of relying on a few measly cameras and a security guard that was distracted most of the time, we installed a state-of-the-art security system and focused on eliminating inherent security threats. It took a lot of work, but after a few weeks we could tell that our efforts were really helping. We were able to thwart a potential robbery, which made me feel better about the investment. Check out this blog for more ideas on improving your business security.
If you run a car dealership, then you might have decided to offer on-the-lot financing for your customers. Basically, this means that you might finance vehicles for your customers instead of getting a bank involved. If this is something that you already do, or if it's a service that you are planning on offering sometime soon, then you should consider investing in GPS vehicle trackers that can be installed in all of the vehicles that you sell in this manner. These are a few reasons why this is a good idea.
Installing and Removing Should Be Easy
Of course, some GPS vehicle trackers are easier to install and remove than others. Overall, though, you should find that installation of one of these trackers should be pretty easy, so it shouldn't take too much time to install the trackers in each vehicle that you sell. Then, when customers get the vehicle paid off, removing the tracker shouldn't be too hard, either.
Costs Aren't Usually Too High
GPS vehicle trackers might seem like expensive devices, and you could be concerned that investing in these trackers for all of the vehicles that you sell will impact your bottom line. However, the good news is that costs aren't usually too high on these trackers, and you may get a discount for buying them in bulk, too.
They Can Help Reduce Your Risk
If you sell cars to customers who do not make their payments like they are supposed to, then your company could stand to face a really big financial loss. You can help greatly reduce your risk by installing GPS vehicle trackers in all of your vehicles, so you could stand to avoid major financial losses.
Make Recovery Faster and Easier
In some cases, you might have to repossess vehicles that you finance on your lot since your customers might not be able to make their payments. Recovery efforts of repossessed vehicles can sometimes be challenging and expensive. However, if you have GPS vehicle trackers in all of the vehicles that you finance, you should be able to use these vehicle trackers so that you can determine exactly where your vehicles are located. This can speed up the recovery process and might save you money on recovery costs.
Offer More Cars to More People
The whole reason why you might want to offer on-the-lot financing could be because you want to make it easier for your customers to be able to purchase cars from you. However, you could be concerned about risk. Once you start using GPS vehicle trackers in the vehicles that you finance, you will probably find that you feel comfortable selling cars to more people. This helps make cars more easily available for those who might have bad credit, all while helping you protect your business at the same time.
For more information, contact companies like BrickHouse Security.
Share27 May 2021
