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Glenview Finance, a Charlotte, N.C.-based capital provider suports subprime finance automotive retailers in 11 states, has partnered as a major distributor with SareKon, a New York-based national provider of GPS devices to the finance industry.
Glenview Finance, provides lines of capital by purchasing retail installment sales contracts from independent auto dealers. Its program, now available in in the Midwest, South, and Texas is designed for all independent auto dealers who want the ability to receive up-front cash flow, and participate in the back-end profit.
“It has never been more important to protect your collateral with GPS location devices than it is right now given the current COVID-19 situation,” said John Donaldson, Glenview Finance president. “We had made the decision to partner with SareKon well before the outbreak because our clients recognize the importance of vehicle location, improved analytic understanding of their finance portfolios, and enhanced customer communication that SareKon GPS brings them.”
Donaldson said in partnering with SareKon as a distributor he’ll be able to assist dealers with another important facet of operating their business — overhead cost reduction. Glenview Finance will be able to provide its customers with highest quality GPS devices on the market for just $69.99-$89.99 for one-to-three year programs. GPS tracking devices with starter-interrupt capabilities are just $1.50 more per unit.
“We speak with thousands of dealers every month with our core automotive finance capital business, so it made perfect sense to offer these dealers a high-value, low-cost GPS solution,” Donaldson said. “Big or small automotive retailers will recognize that the lower costs will immediately add to their bottom lines.”
SareKon’s mobile and desktop application, hardware, and innovative platform features were developed to provide finance companies with the reliability and consistency necessary to protect their finance portfolios. SareKon utilizes a GPS Telematics – IoT (Internet of Things) that has been proven over more than two decades to grow the dealers portfolio with less risk, reduced delinquencies, increased customer satisfaction, and ensure Iot protection and utilization. SareKon’s vehicle finance division deploys 1 million units annually nationwide.
Glenview Finance will market the devices that includes a complete lineup of everything automotive retailers need to monitor their portfolio health and protect their on-the-street, and on-the-lot collateral including: geofencing; location on demand; low-battery notification; tow alerts; tamper alerts; 25-hour Heartbeat; repo mode; history report; ignition on/off; automatic power saving mode; store and forward; and abandoned vehicle alerts, and more.
SareKon, formerly Enfotrace, are not new to the industry, they understand it very well as they were the pioneers who put GPS on the map for vehicle finance with their first entity Aircept in 2001 before any of the other vendors got rolling, Donaldson said, adding that they know what it takes to build a product that works consistently.
For more information on the visit Glenviewfinance.com/gps or call (877) 413-5929 and select Option #1.
About Us
Glenview Finance has more than a decade of experience in serving automotive finance professionals by providing them with a unique program designed to assist them with growing their business by providing them capital. Leadership at Glenview has nearly 100 years of experience in accounting, finance, and subprime finance. The company currently operations in 11 states on the Eastern Seaboard, the Midwest, and Texas. Call (877) 413-5929 and select Option #1.
For more information on the visit Glenviewfinance.com/gps or call (877) 413-5929 and select Option #1.
Contact:
John Donaldson
President
Glenview Finance
704.954.8489
jdonaldson@glenviewfinance.com
Release ID: 88955485