More auto lenders willing to finance GPS system

GPS systems supplier Inilex has been successful lately in getting its SkyLink GPS-based anti-theft system approved by auto lenders for financing on vehicle loan contracts, a big selling point for auto dealers.SkyLink is sold in 600 dealership F&I departments. From 2009 to 2011 the system, under the name SmartAlert, was offered in U.S. Ford and Lincoln-Mercury dealerships as a Ford-authorized accessory. In January, Chase Auto Finance approved SkyLink for an advance that allows customers to include the price of the device in their auto loans. This month, another “major national auto financier” did too, Inilex, based in Phoenix, says, although it won’t identify the company.

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