Blog

Vehicle Finance: A Secure Relationship With CalAmp

  • October 12, 2016
  • Kristy C.
LO-Blog-1

CalAmp’s LenderOutlook vehicle finance solutions has been helping used car dealers and finance companies improve their business portfolio and operations for over 30 years. We aren’t “fly-by-night” or in it for a quick dollar. No pyramid or Ponzi schemes here. Because our continued success is based on your success.

However, not everyone knows about us so we’d like introduce ourselves and find out a bit more about your organization’s needs. Here are some facts that you might not know about CalAmp:

  • Founded in 1981
  • Traded publicly (NASDAQ: CAMP) with a market capitalization of over $500 million
  • Based in Irvine, California
  • 7 million+ connected devices
  • 1 billion events processed every year
  • 480,000+ unique software application providers connected to CalAmp’s platforms
  • Ten offices in six states, plus five international locations
  • Purchased LoJack Corporation in early 2016

LenderOutlook

What does this mean for you and your vehicle finance sales?

It means that you have a trusted name working with you to keep your loan portfolio secure. With our industry-recognized devices connected to our LenderOutlook™ network, you can lend with confidence no matter the applicant’s FICO or credit score. There is peace of mind knowing you can remind buyers of their payments, locate an abandoned vehicle, or pull a report of your vested assets.

CalAmp is designing solutions with vehicle finance in mind. The company will be releasing some new options to its lineup in the fall of 2016. Keep an eye on your inbox for the latest news (or your mailbox for a postcard). Be the first to know about these updates by registering here.

In summary, CalAmp is a pure-play pioneer in the Connected Vehicle marketplace. We have been helping vehicle finance and BHPH lenders, such as your organization, protect and expand their portfolios.

Don’t forget to say “Hello” back in the comments section or send us an email.