Newsletters

July 2006

Protect Your Dealership and Your Profits

The FBI considers identity theft to be the nation’s fastest growing crime. And unfortunately, auto dealers have become prime targets.

Every 79 seconds someone’s identity is stolen; every two hours one of these identities is used to steal a car.*

Thieves can look like just about anyone. That’s why franchise and independent dealerships need to rely on sophisticated identity verification tools to protect themselves from losses due to identity theft and fraud.

Here are just a few reasons why implementing a comprehensive identity verification program at your dealership is so important.

Protect Your Dealership

As fraud losses continue to multiply, more lenders are expecting dealers to catch identity thieves before they take possession of a car. If you don’t, you could find yourself on the hook for the loan and the missing car.

Protect Your Integrity

Maintaining your reputation as a trusted dealership is important. When a dealership falls victim to fraud or identity theft, news can travel fast – which can significantly weaken your reputation and your customers’ confidence in doing business with you.

Protect Your Customer’s Identity

Today’s climate has consumers extremely weary that their identities are at risk for being stolen. They need to know that their private information is being safeguarded by a dealership they can trust.

Fortunately, you have options to protect your dealership – and your profits – with comprehensive identity verification solutions like BuyerID by First Advantage CREDCO. They are designed to help car dealers prevent identity fraud and vehicle theft, and the associated losses before they happen.

BuyerID helps prevent fraud and ID theft throughout the sales and purchase process, from verifying the applicant’s identity to determining whether or not they have an active checking account with a positive balance.

It pays to protect your dealership with smart identity verification solutions like BuyerID by First Advantage CREDCO. To learn more about our products, please call (800) 694-1414.

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