Selected by CIO Review as one of the Top 20 Most Promising Automotive Tech Solution Providers in 2014.
More car buyers with low credit scores are looking to purchase vehicles. To remain competitive in today’s automotive market, you need ways to say “yes” to these credit-challenged customers while reducing risks.
GoldStar GPS goes beyond typical GPS vehicle tracking systems to actually modify borrower behavior — reducing delinquencies and repossessions agent. GoldStar GPS comes with an automated payment reminder that discretely notifies the customer when a car payment has come past due.
This simple, convenient features has proven highly effective in reducing delinquency rates for our customers, especially when coupled with GoldStar’s remote starter enable/disable feature. In fact, one of our automotive lender clients estimates that their company has reduced repossessions by 20% between 2011 and 2012 — saving an estimated $80,000 in repossession costs alone over one year.
What’s more, credit-challenged customers actually appreciate the payment reminder which helps them stay on track with their payments, avoid repossession and rebuild their credit scores.