We’ve all heard the news on rising auto loan delinquencies. Since February, auto delinquencies in the subprime market are at their highest rate since 1996. This presents a significant issue since increased delinquencies usually indicate that more defaults will happen down the road. So what are auto finance professionals to do in times like these?
While it may be irresponsible to approve loan applications at higher velocities to borrowers with little or no credit, some auto lending businesses cannot afford to decelerate their loan application approval process, especially during an intensely competitive auto lending climate.
Geo Track offers high quality and high efficiency products to all of our customers. GeoTrack's GPS tracking systems have assisted companies across North America by providing them with real time overall vehicle supervision and maintenance, fleet status, solutions to problem drivers and customer's satisfaction.
Our tracking systems can be used on a wide range of vehicles from a small to large fleet by enabling you to manage your valuable assets at any time, any where in the world. Before making any commitment, we recommend that you try our demo units on your fleet, and judge the system for yourself.