7 Essentials for Buy-Here, Pay-Here Success - DealersEdge
7 Essentials for Buy-Here, Pay-Here Success - DealersEdge
7 Essentials for Buy-Here, Pay-Here Success - DealersEdge
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Key #6 Delinquency Management<strong>Pay</strong>ment Assurance Devices & GPSADVANTAGES:Audible reminder when payment is dueAbility to disable vehicles <strong>for</strong> lack of payment (in some states)Aides in repossessions by locating the vehicleDISADVANTAGES:Customers perception is poor and indicates a lack of trustState cure requirements still in effectCan be a substantial capital investment (depending on sales volume)May be used as substitute <strong>for</strong> good collection practices
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