AutoTraks™ for Sub-Prime Financing is a money-saver. AutoTraks takes a straight-and-narrow path to ensure payments, reduce delinquency and default, and expedite vehicle recovery.
Prime Lenders consider Sub-Prime finance contracts as dangerous highways, ones that the sub-prime industry navigates daily. Credit qualifying technologies have become the radar detector that alerts dealers and lenders to potential troubles ahead. Until now, there were no ways to rescue a finance contract in default and survive without major losses.
AutoTraks helps you avoid much of the risk associated with customers having impaired credit. Because AutoTraks helps keep customer payments on track and reduces the risk of a credit default or a vehicle becoming an unretrievable asset, you can accept a lower credit score and give extra consideration to these customers.
- Provide greater availability of financing
- Offer dealerships greater credit approval range
- Serve dealers and customers in high-risk areas
- Work more easily with marginal credit applicants
- Reduce dealer recourse obligation in conjunction with installation of an AutoTraks unit
- Lower default rate
- Less loss on default
- More finance funds available
- Lower overall RISK of loss
- Decrease first payment defaults
- Pinpoint exact vehicle location
- Reduce skips
- Reduce time for vehicle's recovery or repossession
- Reduce vehicle depreciation
- Reduce time to auction and realize greater sales price
- Reduce cost of recovery/repossession
- Reduce losses associated with lost finance revenue
- Reduce or eliminate backlog of repos and skips
- Reduce or eliminate unrecoverable finance contracts and write-offs
- Improve Realization Ratio for repossession
The value that you achieve from AutoTraks™ begins the day that you install the units. You'll find that asset protection is available for a very low cost. The AutoTraks™ unit can be easily self-installed or by a local installer. Contact an On-Board Communications representative in your area, today.