On Tuesday, Advantage Automotive Analytics debuted Evo UL, an unlimited connectivity GPS risk-mitigation solution.

By employing the latest GPS hardware and applying sophisticated proprietary technology, Advantage claimed that it is the first modern data analytics and advanced, risk-mitigation solutions provider for vehicle finance professionals to market with unlimited connectivity service.

Evo UL can provide buy-here, pay-here dealers and subprime auto finance companies with an unlimited connectivity GPS solution that can monitor and protect automotive collateral with no contracts, recurring carrier fees or renewal charges.

Evo UL is now a key element of Advantage’s wired collateral-protection portfolio that communicates via the 4G LTE platform and fully 5G-network compliant.

Evo UL can deliver essential data and analytics and provide more protection throughout the life of a contract and beyond — eliminating any and all recurring fees with one upfront payment.

Other benefits include:

• No monthly airtime fees

• No renewal charges

• Unlimited device use and reuse

• Real-time monitoring

• Continuous protection

• Backup battery included

“We are first to market with this unlimited plan,” Advantage director of product management Brian Tate said in a news release. “And it’s a tribute to the vision and dedication of our senior leadership and our skilled product development team. Once again, our customers drove this innovation with their suggestions and requests.”

Advantage also mentioned that Evo UL can allow users to more accurately control fixed operating costs, up front, because there are no additional charges or fees once a device is purchased.

The company said users will never be burdened with loss of connectivity because of a failure to renew carrier fees.

“Since there are no monthly service fees nor renewals, users can incentivize their customers to return the devices when a finance contract ends, the vehicle is traded-in or reacquired by the finance company,” Advantage vice president of sales Michelle Jackson said. “The devices can be used for multiple vehicles over time, and our user dashboard facilitates the process.”

Jackson pointed out that BHPH dealers and finance company professionals have long-awaited a risk-mitigation platform with unlimited GPS connectivity. Skyrocketing inventory costs and increases in delinquencies and charge offs have made the deep subprime business ever-more challenging, according to the company executive who was one of the Women in Auto Finance honorees in 2020.

“It’s a solution that addresses marketplace demands at a time when GPS protection is more necessary than ever and cost-reduction is critical to profitability,” Jackson said.

For more information, visit AdvantageGPS.com.