PassTime will be exhibiting and a Diamond Sponsor at the National Independent Automobile Dealers Association (NIADA) National Conference June 18th-21st at the amazing Rosen Shingle Creek Resort in Orlando, FL.

PassTime will showcase how the auto financing industry can benefit from its reliable, high-quality GPS Solutions and installation services.

 

Stop by and see us at Booth #1401!

 

Come see PassTime for some exciting, industry-changing news!

Come See PassTime at Booth #236 at the TIADA Conference and Expo!

PassTime will be exhibiting at the TIADA Conference and Expo July 29-31 at the Hilton Anatole in Dallas, Texas.  We’d love to see you there.  Stop by booth #64 to find out what PassTime has to offer.

Did you catch our announcement about Encore at NIADA? Stop by the booth at TIADA – We’d love to tell you about it!

 

So, what is the TIADA Annual Conference & Expo?

Simply put, it is your opportunity to improve your business. The best education, connections with the top operators in the state, an Expo with 120+ relevant and motivated vendors – it’s all here. Featuring 25 breakout sessions across five Learning Tracks, 15 Outside the Box training seminars and networking opportunities galore, all set against the backdrop of the prestigious Hilton Anatole in Dallas, Texas.

LITTLETON, Colorado—March 27, 2018—PassTime®, a leading provider of GPS Solutions announced the all-new TRAX® 6 device, the industry’s first LTE Category M GPS tracking device serving new and used car dealers, finance companies, fleet and powersports dealers.

The TRAX 6, certified on Verizon Wireless, features LTE Cat M (category M) technology which boasts extremely low power consumption from the device as well as network longevity in using some of the newest network technology available. These enhancements will complement the robust feature set already available on TRAX.

“I am excited to bring another cutting-edge product to the market. PassTime continues to shatter expectations in terms of innovation with TRAX 6, the industry’s first LTE Cat M GPS device,” said PassTime President & COO, Chris Macheca.

PassTime, which has been in business for more than 25 years, provides GPS Solutions for customers to connect their vehicles and protect their assets. The company prides itself on providing high-quality and reliable products along with unmatched 24/7 live customer care for its customers and consumers.

TRAX 6 is currently in production and will be commercially available soon.

For more information please contact PassTime at 877-727-7846 or info@passtimegps.com

About PassTime
PassTime is a leading provider of GPS Solutions and has been in business for more than 25 years. PassTime’s GPS telematics products help connect vehicles and protect assets for multiple sectors of the automotive and powersports industries including auto dealers, auto finance companies, fleet transportation providers and consumers. The company prides itself on high-quality, reliable products and unmatched customer support.

The All New PassTime Override App allows consumers to request a disable override command directly from their smartphone

PassTime has launched the new PassTime Override App – breakthrough technology making it even easier for consumers using PassTime’s patented Automated Collection Technology.

Consumers can now request override commands directly through the PassTime Override App for iPhone and Android without the need to use the remote or call the customer care center.  Since its inception, PassTime has included override commands to help ensure a consumer could drive their vehicle, even if it was disabled, in the event they needed to, like an emergency.  With the new App, consumers can quickly and easily request an Override Command in the event their vehicle is disabled.

For more information on the PassTime Override App or download it, click here.

PassTime Override app icon

LITTLETON, Colorado– May 22, 2017-PassTime announced today it has named Jeffrey (Jake) Frank Chairman and CEO of the company.  Additionally, the company has appointed Chris Macheca President in addition to remaining as the company’s Chief Operating Officer.

Jake Frank is the co-founder of PassTime and previously served in numerous executive positions in the past, including Executive Vice President.  Mr. Frank received a Bachelor of Science degree from Penn State University and a master’s degree from the University of Virginia. Since 1990, he has worked in the auto industry and since founding the company in 1992, Mr. Frank has been instrumental in the continued success of PassTime over the past several decades.

Chris Macheca has been with the company for 19 years.  During his career at PassTime, Mr. Macheca has been involved in all areas including sales, development, IT, operations, and manufacturing. Mr. Macheca received his Bachelor’s Degree and MBA from Regis University in Denver, Colorado.  Prior to being named Chief Operating Officer in 2015, Mr. Macheca served as Executive Vice President of Operations.

For more information please contact PassTime at 877-727-7846 or info@passtimegps.com

About PassTime

PassTime GPS has been in business for nearly 25 years in the global transportation industry. Our wireless GPS telematics products are available for multiple sectors of the automotive industry including auto dealers, auto finance companies, auto leasing companies, insurance companies and fleet transportation providers. We design, engineer, manufacture and distribute our own products and we have more than 25 patents protecting our technology. Visit www.passtimegps.com for more information or email info@passtimegps.com

by Eric L. Johnson and Corinne Kirkendall

We’ve all heard the horror stories about repossessions. The latest “repo gone bad” story we read concerned a mother in Maryland who tried to drive her Cadillac Escalade, carrying her three children, onto a lawn and into other vehicles, in an attempt to throw off a tow truck that had attached itself to her vehicle. Her SUV was “jerking violently” and pulled the tow truck toward an occupied vehicle. She did this in broad daylight, in front of a state office building, with lots of witnesses, including a Sheriff’s deputy. The Sheriff’s deputy drew his gun and ordered her to stop. She was arrested and handcuffed. One of the children in the vehicle, her eight year old daughter, suffered a neck injury as well.

Now, contrast this “repo gone bad” story with how the use of a GPS/Starter Interrupt Device (SID) might have occurred in the situation above. After missing the payment due date, the device would provide an audible tone signaling a payment has been missed and if it is not made the device will prevent her from starting the vehicle. After this warning period, when she turned off her vehicle, an activated SID would have prevented her from starting the vehicle. If she had an emergency, most reputable systems would permit her to phone for a code or for a signal to the device that would allowed her to start the vehicle. Using a SID in this scenario would have been helpful to her: no humiliation or reputational damage, no breach of the peace, no towing to an impound lot, no costly towing and storage charges to pay, and no damage to her credit rating for the repossession.

The GPS and SID landscape affects many or most members of the National Automotive Finance Association and the industry as a whole. One quarter of all new retail installment contracts issued are to consumers with subprime credit. Subprime credit scores do not just affect people impacted by the financial downturn and those in the lower economic tiers. We are talking about people from all walks of life, all economic statuses. GPS/SID devices help creditors mitigate risk on subprime credit, allowing them to offer credit to consumers who otherwise might not qualify. There was a time when a subprime credit history would nearly automatically disqualify a consumer for automotive credit. By using devices, automotive creditors have more options when it comes to who may be approved for credit. When evaluating a credit application, an automatic “no” can be turned into an “I think we can make this work”. While it is an unfortunate event that consumers fall behind in their payments to the extent that the vehicle is rendered unable to start, it is very likely that without the device, that consumer may not have qualified for the credit in the first place.

It is more important than ever to use these devices correctly.

How GPS Devices Work:

A GPS device is typically installed at the point of sale or at post repossession reinstatement. Not all GPS devices have payment assurance capabilities. Many are geolocation-only devices. A GPS device provides operational maintenance reporting. Manual locations are available as needed. A GPS best practice is to track with a purpose. Alternative available features may include: payment reminder (e.g. device tones or email), low power notification, anti-theft, starter-interrupt, and tow-detection notification.

How SID Devices Work:

Starter Interrupt Devices (SID) are typically installed at origination or as a condition of post repossession reinstatement. Devices can provide payment reminders (e.g., a series of tones) as scheduled by the creditor and disclosed to the consumer. Not all SIDs have payment reminders. If a payment is not received on its scheduled due date, the SID will send a command to prevent the vehicle from starting. (Note – the Payment Assurance Technology Association (PATA), the Association that serves the SID/GPS industry, recommends compliance with state right to cure notice and waiting periods prior to disablement.) Assuming proper installation, the device will not shut off the vehicle while driving. Emergency backup systems are also in place (based on the provider). Some examples are 1-800 numbers, emergency codes, etc.

Best Practices

The NAF Legal Committee will continue to keep you informed about legal and regulatory changes of interest to the subprime auto finance industry.


Eric L. Johnson is a partner in the Oklahoma City, OK office of Hudson Cook, LLP. He is a frequent speaker and writer on a variety of consumer credit topics. Prior to pursing his legal career, he spent many years working in various departments for his family’s car dealership. Eric can be reached at (405) 602-3812 or ejohnson@hudco.com.

Corinne Kirkendall is the Vice President of Compliance and Public Relations at PassTime. PassTime has developed a robust GPS and payment assurance technology compliance training for dealers, lenders and credit unions. As a supplier to those industries we see the need to ensure accurate and consistent information about state and federal laws surrounding GPS and payment assurance devices. For more information Corinne can be reached at (303) 962-4102 orcorinne@3a3.09e.myftpupload.com.

This article is provided for informational purposes and is not intended nor should it be taken as legal advice.

© Copyright 2015 Eric L. Johnson and Corinne Kirkendall. All rights reserved. Single print publication rights National Automotive Finance Association.

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