USED CAR NEWS
May 2, 2016 • 29
Special Advertising Section
Easier, Faster, More Profitable Since 1972, Credit Acceptance has offered automobile dealers financing programs to help them sell vehicles to consumers, regardless of their credit history. These programs are offered through a nationwide network of automobile dealers who benefit from selling vehicles to consumers who otherwise could not obtain financing. Credit Acceptance is unique in that enrolled dealers using the Portfolio program share in the cash flows from the contract, which creates an alignment of interests and is a critical element of its success. One misconception of the Credit Acceptance program is that it only works for older model vehicles. In fact, it works well with nearly any vehicle; many low-mileage, late-model vehicles (as new as 2015) yield the greatest advances. And, its Credit Approval Processing System (CAPS®) enables dealers to easily structure profitable deals with payments customers can afford. As Credit Acceptance reports to the three national credit reporting agencies, an added benefit of the program is that consumers
can improve their credit with ontime payments and move on to traditional financing sources. It is now easier, faster and more profitable than ever to do business with Credit Acceptance. A significant benefit is eContracting, which enables customers to sign contract documents electronically. This eliminates the need to send contract packages via courier, saving dealers money and considerably reducing funding times. Many deals are funded the same day. Additionally, CAPS® interfaces with multiple vendors (including Dealertrack®) to help dealers easily get applications and leads into the system without duplicate entry. Credit Acceptance has also made enhancements to approval stipulations to streamline the funding process. A proven leader, Credit Acceptance paid dealers over $2,065,409,992 in advances and $202,678,019 in portfolio profit in 2015 alone. Visit CreditAcceptance.com to find out how you can sell more cars and make more money.
Your GPS Device: Is it 2G... no, 3G..., no, 4G? By Jeff Karg, Director of Corporate Communication, Passtime
Those in the special finance or buyhere, pay-here industry often use GPS devices as a way to mitigate risk of financing consumers with subprime credit. GPS devices rely on cellular technology forcing you to face confusing references like 2G, 3G, and 4G. Why should you care about all the “G’s” and what does it have to do with your GPS device? GPS tracking devices have very modest requirements when it comes to cellular technology; usually it is just reporting back its current location. The technology in your smart phone is not needed in your GPS device – and you wouldn’t want to pay that price either. So, why all the talk about the “G’s”? The “G” in 2G, 3G, 4G stands for “generation” (of cellular technology). 2G is the 2nd generation of wireless network technology utilized; 3G is the third, etc. But because of various types of cellular technology, one carrier’s 4G isn’t necessary the same as another’s 4G.
It sounds confusing because it is. There is hope though – at least a little. Another way to identify this technology and narrow the focus of 4G is: LTE, (Long Term Evolution), what many consider to be “true 4G”. Many carriers refer to the network as 4G LTE as a way to differentiate them from the broader, overall term 4G. The bottom line is that because the term 4G is used so broadly, buying something labeled as 4G might not be what you think it is. A better term to look for is LTE or 4G LTE when discussing your provider’s solutions. LTE or 4G LTE will be a big splash so if you haven’t heard announcements that your provider has launched 4G LTE technology, the device you are buying today probably doesn’t have it. Beware – some providers use the term 4G rather loosely in an effort to gain your business. If the cost is in the $100 range or less, the chance of that device actually being 4G LTE is slim to none. For more information about 4G or PassTime, visit www.passtimegps. com or call 877-727-7846.
Were you forced to switch GPS devices? (Here’s how it might have happened) ily buying p p a h e ’r You A from Product A Company switches B y n a p m Co A with Product B Product
Company B buys Company A
g uck buyin t s e ’r u B o Now y Company m o r f B Product
If you have to switch GPS devices, switch to PassTime and never change again. WWW.PASSTIMEGPS.COM
29_UCN.indd 1
CALL: 877-727-7846
4/25/16 12:26 PM