Buy Here Pay Here Vehicle Recovery Protection

Key takeaways

• GPS tracking lets Buy Here Pay Here dealers and lenders find a financed vehicle quickly when a customer stops paying, which shortens recovery time and protects the vehicle’s value.
• Recovery mode switches a GPS Leaders tracker to two-minute updates and lets you review past trips, so you can see where the vehicle is now and where it usually goes.
• Impound lot notification alerts you automatically if a financed vehicle enters an impound lot anywhere in the United States.
• GPS Leaders BHPH trackers come with five years of service included, with an optional starter interrupt.

PAYMENT REMINDERS, RECOVERY & IMPOUND LOT NOTIFICATION FOR YOUR BHPH VEHICLES!

The numbers are in and they don’t lie. The average wage in the US per person is $26,695 with a credit score of 687 and a cost of living of around $24,000 per year. This means their is a large market of buyers for the Used Vehicle Franchise. However, this also mean there are some hurdles for dealers and customers alike to overcome when dealing with low credit scores and low income.

This is where Buy Here Pay Here dealerships come to the rescue. With the ability to equip vehicles with real-time tracking device these days, it has made the market for purchasing vehicles with next, to near no credit that much easier. Lenders & Franchise Dealerships alike, now have a better way to proactively protect their vehicles when they lend to individuals with bad credit. Instead, by equipping their vehicles with a GPS Leaders Buy Here Pay Here GPS Tracking Device, they can better ensure recovery of their assets when it comes time for Repossession due to non-payment.

Equip your Buy Here Pay Here Vehicles with GPS Leaders Asset Recovery Units today!!!

RECOVERY MODE

Continuous tracking allows recovery mode including past trips. Choose a period of 30 days in the last 120 days. Two minute tracking in recovery mode!

IMPOUND LOT NOTIFICATION

We know where all of the impound lots are in the United States. If the vehicle enters an impound lot, you will be alerted automatically.

How does GPS tracking help with BHPH vehicle recovery?

When a customer stops paying, the hardest part of a repossession is usually finding the vehicle. A GPS tracker removes the guesswork: you see the vehicle’s current location, its recent driving history and the places it stops most often, so your recovery agent goes to the right address the first time.

That speed matters. Every extra day a vehicle stays out after a default adds miles, wear and risk to collateral you still own. Recovering it sooner protects its resale value and cuts the cost of repeat visits and skip tracing.

What is recovery mode?

Recovery mode is for the moment you need to recover a vehicle. The tracker reports every two minutes, and you can review past trips by choosing any 30-day period from the last 120 days. Patterns in those trips, such as a workplace or an overnight address, often point straight to where the vehicle will be.

How do impound lot alerts work?

GPS Leaders knows the locations of impound lots across the United States. If a financed vehicle enters one, you get an alert automatically, without waiting for a call from the customer or the tow yard. Finding out early gives you the chance to act before storage charges build up. If it has already happened, our guide on what to do when a vehicle is impounded walks through the next steps.

Hardwired or wireless: which tracker is better for recovery?

Both work for recovery. The difference is how they are powered and installed.

Hardwired tracker

• Power: the vehicle’s own power, with a backup battery
• Install: wired in out of sight
• Updates: every two minutes while driving
• Starter interrupt: optional

Wireless tracker

• Power: a long-life internal battery
• Install: no wiring, placed in minutes
• Updates: a few locates per day to save battery, with a repo mode for faster updates when you need them
• Starter interrupt: not available

Many BHPH dealers use hardwired trackers on financed vehicles and wireless units where a quick install matters. See BHPH wireless GPS tracking for the wireless option, and wireless GPS tracking vs. starter interrupt devices for a side-by-side comparison.

Is a starter interrupt legal?

Rules on starter interrupt devices vary by state. Before you use one, check your state’s requirements and disclose the device clearly in your sales or financing contract.

How much does BHPH vehicle recovery protection cost?

GPS Leaders BHPH and lender trackers are 89 dollars per device with five years of service included, and the starter interrupt is optional. See current pricing and options on our BHPH and lender tracking page .

FAQ

Can I see where a vehicle has been, not just where it is now?

Yes. Recovery mode lets you review past trips for any 30-day period in the last 120 days.

Will I know if a financed vehicle is impounded?

Yes. You get an automatic alert when the vehicle enters an impound lot in the United States.

Do GPS Leaders trackers work outside the US?

Yes. They run on 4G LTE CAT-M1 coverage across the United States, Canada and Mexico.

Can a customer disable the tracker?

Hardwired trackers have a backup battery, and both types are installed out of sight, which makes them hard to find and remove.