Trailer financing companies have a lot riding behind others’ vehicles. Whether you specialize in financing camper trailers, flatbed trailers, cargo trailers, or all three, it’s up to you to ensure that your assets are well-protected and easy to track.
Installing a GPS trailer tracking system can help you easily keep tabs on every trailer you have leased or financed, giving you peace of mind that, no matter where your trailers are, you can locate and recover them if necessary.
Using a battery-powered trailer GPS tracker can help you recover your assets quickly and efficiently. Here’s how:
As those in the trailer financing industry know, not all trailers are created equal. Camper trailers accompany individual adventurers on their travels, while flatbed trailers can be used in different ways for landscaping, construction and more. Cargo trailers are designed to haul enormous loads across the country behind semi-trucks. Trailers can vary greatly by size, purpose and the industry in which they are used.
As different as these types of trailers are, they all have one thing in common: they are valuable assets that are being pulled behind another vehicle, which can make them difficult to track on their own. No matter what type of trailers your trailer financing company specializes in, they are all susceptible to theft, loss, damage or default. By installing a trailer GPS tracker on each of your assets prior to loaning, leasing or financing, you’ve got additional reassurance that you can easily recover them if necessary.
Trailers are stolen, lost or damaged more often than you might think. Here are some of the top reasons to consider installing a trailer GPS tracker to help with quicker, more accurate asset recovery:
Trailer theft is a very real and serious problem. 60% of respondents in a 2022 survey of small-or mid-size business owners said they had been victims of cargo theft in the past year. Criminals often steal not just the cargo itself but also the trailer that is carrying it, creating a double loss for companies. By installing a trailer GPS tracking system, you can have real-time information on the whereabouts of your trailer, which can assist law enforcement in helping you recover it, along with the valuable items that it might be hauling.
All too often, truck drivers are dispatched to a trailer only to find that it’s not where it is supposed to be. This can cause a loss of time and income both for the driver and the trucking company. If a trailer leased or financed by your company ends up in a large shipping center, warehouse or lot with similar trailers from other dealers and you need to track it down, it can be like finding a needle in a haystack. Having a trailer GPS tracker installed on your assets can help narrow your search if it is lost or misplaced.
As a trailer financing business owner, you want to believe the best about your clients, but the truth is, not every customer is going to make their payments on time every month. Whether you own a rent-to-own company that finances camper trailers to individuals or a firm that deals with large businesses in need of cargo trailers to haul their goods coast to coast, it’s important to ensure that your assets are protected and that you know where they are at all times in case you need to repossess one. A trailer GPS tracking system can give you all the information you need to quickly locate and recover your assets in the event of a defaulting client.
For trailer financing companies looking to invest in a technology that helps them quickly and accurately track their assets without breaking the bank, PassTime’s industry-leading GPS-tracking technologies are a smart, easy solution. Encore, our third-generation, battery-powered GPS device, features four flexible power modes to help you keep track of your trailers on your own terms:
Encore’s lightweight, compact design, easy installation and long-lasting 4+-year lifespan make it simple for you to attach to your trailers before they leave the lot. Smaller than a deck of cards and weighing less than 2 ounces, the Encore device can be stealthily concealed in a dark recess or compartment of your trailer or attached via the Encore HD case, an optional custom magnetized clam-shell case. However you choose to install the Encore trailer GPS tracker, you’re helping to safeguard your valuable assets against theft, loss, damage, default and more.
Imagine having insight into the whereabouts of all your trailer financing company’s assets at a single glance. PassTime’s OASIS Management System software allows you to do just that. Designed with financing companies in mind, the OASIS app gives you access to dashboards with real-time GPS tracking data for every trailer in your fleet, making it easy for you to keep tabs on your assets wherever you are. Best of all, PassTime’s 24/7 live customer support team is there to answer your important trailer GPS tracking system questions any time you need help, day or night.
PassTime GPS solutions are designed to help trailer financing companies like yours stay one step ahead of the game with advanced tracking and recovery technologies. If you haven’t already, it’s time to consider how a trailer GPS tracking system like Encore can help you keep track of your assets. Get your free quote today.