Some operators consider their buy-here, pay-here dealerships to be “no-frills” businesses.

That happens to be the moniker SVR Tracking gave its latest GPS tracking device.

This week, the provider of asset management solutions for the automotive industry released SVR Repo, which is designed to a simple, low-cost GPS solution for dealers whose only goal is to locate their vehicles to be repossessed.

Leveraging its patented technology, the company highlighted SVR Repo provides the essentials a dealer needs to get the job done, including:

—Comprehensive coverage across all of North America

—Location reporting every 10 minutes

—Unlimited “locate now” functionality

—Over-the-air capabilities, enabling dealers to update and manage their device remotely

—Vehicle recovery mode to facilitate a smooth repossession

—Configurable starter enable/disable, allowing for remote control of the vehicle’s starter system

SVR Tracking chief operating officer Diego Tebaldi pointed out that SVR Repo can save dealers 25-30% compared to SVR Tracking’s premium GPS offering and 15-20% compared to its standard GPS solution.

Tebaldi said SVR Repo is the right fit for dealers who don’t currently use GPS due to the price point, as well as dealers who already have a GPS but don’t utilize its advanced features.

“In a world where costs seem to only go up, we recognized the need for a budget-friendly, entry-level GPS device,” Tebaldi said in a news release. “Not every buy-here, pay-here dealer wants to pay for sophisticated features like geofencing and multiple alerts. So, we developed a price-conscious solution for dealers who just need GPS to repo the vehicle.”

Executives from SVR Tracking will attend the BHPH Super Forum hosted by NIADA on Nov. 9-11, in Austin, Texas. Company representatives will be available to discuss SVR Repo, as well as SVR Tracking’s full suite of GPS products.

To schedule a meeting, send an email to contact@svrtracking.com.