Reasons for loan to buy a car and install GPS:
1. Profit: Since the price of GPS positioning ranges from several hundred to several thousand, the price of installing GPS in 4s stores is naturally higher than the market, and the middle profit will be earned by 4s stores, which has also become the main profit income for 4s stores to sell cars with loans.
2. Effectively control the risk of bad debts: If a bank or 4s shop is forced to install GPS, these GPS have background operation, which can accurately find the target vehicle. If the vehicle loan cannot be paid off in time in the current month, you can find the vehicle through GPS and detain it. Some GPS with good performance can cut off the oil and power supply of the vehicle by remote operation, thus making the vehicle unable to move. Some guarantee companies will detain the vehicle to remind the owner to repay the loan in time.
3. Safety: For the car owner, the vehicle with GPS installed has an extra safety guarantee. In case of car theft or other emergencies, the vehicle can be found through GPS background operation to reduce the loss of the owner. Million car purchase subsidy