Blog

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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, …

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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. …

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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 …

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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 …

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