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2016-09-20 PassTime Enters Partnership with CDFS

For Immediate Release


LITTLETON, CO – September 20, 2016 - PassTime, an industry leader in GPS Tracking Solutions, announced today a strategic partnership with Customized Dealer Financial Solutions LLC (CDFS), which provides underwriting predictive modeling and analytics to BHPH dealerships to help reduce their repossessions and improve their profitability and cash flow.

The partnership will focus on cross marketing and promotion to benefits both firms’ current and potential customers.

PassTime, which has been in business for nearly 25 years offers wireless GPS telematics products that are available for multiple sectors of the automotive industry including new and used auto dealers, auto finance companies, auto leasing companies, insurance companies and fleet transportation providers. 

CDFS offers customers underwriting predictive modeling (UPM) through artificial intelligence, rather than the industry’s traditional scoring. The UPM’s utilize the dealership’s own data, as opposed to generic industry data, to reduce repossessions – especially the quick ones – without reducing sales volume. CDFS’ analytics help dealerships manage each facet of the business, with an emphasis on significantly improving profit and cash flow.

 “We are excited about the CDFS relationship.  It is an impressive program that our customers can really benefit from,” said Chris Macheca, COO at PassTime. “PassTime makes it a point to partner with industry leaders and companies that offer innovative and valuable solutions – I think CDFS fits in perfectly.”

Ted Lange, President of CDFS, stated: “CDFS looks forward to providing tangible benefits to PassTime’s customers in the form of improved loan performance, increased profitability and stronger cash flow. CDFS formulates UPM’s based on a dealership’s own data and quantifies these benefits at CDFS’ cost before the dealership decides whether it wishes to enroll in a month-to-month relationship. Dealerships benefit additionally from a legal opinion by the leading consumer credit compliance authority, Hudson Cook, LLP, that the UPM’s are compliant with the CFPB’s interpretation of applicable laws and regulations.”

For more information about CDFS or PassTime, please call 800-828-1564 or email info@passtimegps.com

About PassTime
PassTime GPS has been in business for nearly 25 years in the global transportation industry. Our wireless GPS telematics products are available for multiple sectors of the automotive industry including auto dealers, auto finance companies, auto leasing companies, insurance companies and fleet transportation providers. Our products are available in the USA, Canada, Europe, Latin America, Asia Pacific and the Middle East. We design, engineer, manufacture and distribute our own products and we have more than 25 patents protecting our technology. Visit www.passtimegps.com for more information or email info@passtimegps.com

About CDFS

The company was founded in 2015 by Ted Lange, who previously owned and operated the PAACO Automotive Group, a BHPH dealership, for more than twenty years.  Lange’s objective is for other BHPH dealerships to benefit from the same UPM and analytics expertise he used while at PAACO. For more information about CDFS, visit customizeddfs.info