note:
The purpose of installing GPS in cars by banks or auto financing companies is to reduce risks. If the owner is seriously overdue or in default during the repayment period, the bank or auto financing company can find the loan car according to GPS positioning, take it away, and let the owner return it after fulfilling the contract.
Then, after the owner pays off the loan, the GPS originally installed in the car is of little use to banks or auto financing companies. If it is a small and informal car loan company, it may sell the personal information of the owner. For some wireless GPS, it will also fail in repayment, while wired GPS lending institutions will recycle it.
For the GPS installed in the car by the lending institution, it is best for the owner to remove the GPS from the car after paying off the loan. If the GPS is installed by the bank during the loan period, the owner will ask the bank staff to remove the GPS after the loan is paid off. If it is installed by auto financing companies and other lending institutions, its staff are required to dismantle it.