Blog

Vehicle Finance: Is Telematics Part Of Your Insurance Portfolio?

  • July 20, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
7.20-Blog-1

There is insurance for everything – even the hole-in-one prize at a golf tournament has a policy to pay out if someone actually wins. The premise for these plans, of course, is to reduce your risk exposure by helping you recover from a loss. This idea is similar for vehicle telematics. However, it is a …

Read More

The New LenderOutlook: A Better Way to Lend More, Sell More.

  • May 24, 2017
  • Kristy Cartier
  • Reading Time: 3 minutes
05.24-blog_0-1

The subprime vehicle loan market is dynamic. It has to adapt to multiple changes from a flush of off-lease vehicles hitting the market to changes in how people’s credit ratings are scored to reaching out to underbanked consumers. These factors affect your risk when lending. You need reliable technology to help you manage collateral so …

Read More

What Automatic Crash Notifications Can Do For Vehicle Finance

  • May 17, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
05.17-Blog-1

There are benefits for insurance and vehicle finance companies to be notified immediately after a collision occurs. Both have vested interest in the vehicle for claims and collateral value. There is also the desire to help the owner get back into a vehicle, especially if the vehicle is declared a total loss. It typically takes …

Read More

4 Thoughts on Growing Your Customer Loan Retention

  • April 26, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
04.26-Blog-1

Springtime is a good time to refresh your loan portfolio and find ways to nurture sales from current or recent customers. Typically, it is cheaper to hold onto them than to woo a new one to your lot. So what else can you do to strengthen your relationship? Operating expenses can be lower for returning …

Read More

Vehicle Loans Can Be Quick and Easy for You and Your Borrower

  • February 28, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
2.28-Blog-1

According to the 2015 Pew Charitable Trust’s Auto Title Loan Report, two million Americans use title loans annually. Payday loans, pawn lending, or credit card advances are other options when a consumer needs money fast. These unfortunate situations happen – unemployment, unexpected repair, medical bills and more. For lenders, the worry comes from loan defaults …

Read More

Telematics Can Secure Your Motorcycle Financing Too

  • February 01, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
2.1-Blog-1

The used vehicle finance industry is typically focused on cars and trucks; however, if a dealer is looking to expand her portfolio, motorcycles might be a good choice. Manufacturers are designing and producing lighter bikes for city use in order to appeal to a younger demographic, per Autos CheatSheet®. And this is where the opportunity …

Read More

How Can Your Dealership Win More Tax Refund Sales?

  • January 26, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
1.26-Blog-1

With January coming to a close, HR and accounting are sending out the W-2s, 1099s and other tax documents to staff and contributors. According to the IRS, the federal agency issued almost 117 million individual refunds for fiscal year 2015. Not surprisingly, the top five states for population had money returned. They were California, Texas, …

Read More

Three Reasons Your Vehicle Finance Program Needs Telematics

  • January 12, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
1.12-Blog-1

The vehicle telematics industry is maturing and there are pieces of it everywhere. Still, you’re unsure that it is right for your vehicle finance business. Your operations are locally-focused with one to a few lots only. Is investing in the technology worth it? Well, there are at least three good reasons to make the investment. …

Read More

Put Peace Of Mind In The Palm Of Your Buyers’ Hand

  • November 30, 2016
  • Kristy Cartier
  • Reading Time: 1
11.30-Blog-1

Telematics technology isn’t just about protecting the dealer’s investment anymore. With the right mobile app, vehicle location and other information is available directly to customers. For them, telematics is less about vehicle tracking and risk management, and more about staying connected and protecting loved ones. A mobile app puts vehicle location information and other safety …

Read More

Vehicle Finance: A Secure Relationship With CalAmp

  • October 12, 2016
  • Kristy Cartier
  • Reading Time: 2 minutes
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 …

Read More