Have you ever had that strange feeling that somebody is watching you? Believe it or not, technology is watching all of us, on daily basis and there really is not much that can be done about it. We all love being helped by technology, by providing turn by turn directions from GPS navigation devices, routing us in unfamiliar places with Google maps apps for smart phones and essentially helping us locate anything in seconds. Although, there is an abundance of positive applications of GPS and other technological tools, using geo – location data, what many people may not realize is that the cars they own, could very well be under satellite tracking surveillance.
GPS for Car Dealers
GPS tracking technology had increased in popularity and as a result, GPS trackers have even started being employed by used car dealers. In the World of used car sales, there are many financial pitfalls to keep in mind. Zooming around in the back of dealership owner’s head are ideas, about how to reduce business related costs. That is why, some used car dealership owners have come to realize the benefit of using GPS trackers, for cars they finance.
Safety in Dealing
Dealers know that selling a used car to someone, who has terrible credentials is always a risk and it is for this reason that so many dealerships are turning to GPS tracking technology, to sell vehicles to buyers that appear to be a liability. If there happens to be a buyer that defaults on payment, GPS trackers are, what interest the used dealership owners the most.
Car Recovery Through GPS
A dealer always knows, where their cars are, with the help of mapping features. The GPS car tracker is only placed in the used cars, which are being financed through the dealership, making it possible for them to recover the car from the buyer, in the case if buyer is unable to pay monthly installments for the car. It makes easier to understand that hope this increases leadership security and enables them to sell cars to clients, with less than perfect or no credit at all.
Legitimacy in Paper Work
To maintain validity, the clients are required to sign an agreement upon purchase, which gives the dealership approval to complete GPS tracking installation. The contract usually includes statements informing the clients that they are not allowed to remove, deactivate or damage the vehicle tracking devices. It is of no surprise that many clients agree to this because it means they can be financed.
Payment Notification Through GPS
As a bonus, the GPS trackers can even be scheduled to send alerts to the clients, in order to warn them that their payment is late, thus, giving them some time to remedy this prior to the car being repossessed. The dealership profits can remain steady and the business remains secure, with the help of GPS trackers. This is fantastic for dealerships, as no one wants to lose out on profits due to high risk customers.