; ? Generally speaking, loan cars have GPS positioning systems, but some of them are not installed, which depends on the requirements of 4S stores. The GPS for car loan may be installed in the spare tire, bumper, rearview mirror and the driver's junction box, but it does not rule out that there are other places, which will be hidden in a relatively hidden position.
Installing a GPS positioning device on the loan car is the seller's hope to have certain protection to prevent customers from running away and losing money. If the customer escapes, the seller can locate the vehicle in time and detain the vehicle in time.
Once the GPS positioning device is installed, don't disassemble it easily. After removing the GPS, it will not be of great benefit to the owner, but it may pay a large penalty. If the vehicle is equipped with a GPS positioning device, it can be removed after paying off the loan.
There are generally three kinds of automobile GPS positioning devices, namely OBD interface automobile GPS locator, wired automobile GPS locator and wireless automobile GPS locator.
Among them, the installation position of automobile GPS locator with OBD interface is relatively limited, and it is generally installed at the position of OBD interface in the cockpit, so loan vehicles are generally not installed at this position. Wired car GPS locators are widely installed, while wireless car GPS locators are not installed in hot and humid places, but can be installed in places where iron is adsorbed on vehicles without affecting signal reception.
Is it necessary to install gps positioning when buying a car with a loan?
There is no rigid requirement to install GPS when buying a car with a loan.
Bank staff all said that there are many ways to borrow money to buy a car, including mortgage loan, unsecured loan or credit card installment payment, but no matter which way to buy a car, they will review whether the collateral or personal qualifications provided by the car buyer meet the standards as a risk control means of lending, and will never ask the car buyer to install GPS.
The staff of the 4S store said that the installation of GPS was required by the bank, but in order to maximize profits, they were forced to sell GPS at a high price in the name of the bank.
The bank does not require consumers to buy a GPS positioning system. In this regard, it is illegal for car dealers to force consumers to buy GPS positioning systems, which is suspected of compulsory tying.
However, buying a car with a loan is very risky. In order to ensure that we can keep abreast of vehicle movements, some cooperative banks also require consumers to buy GPS equipment.
Do I have to install GPS when I buy a car with a loan?
You don't have to install gps to buy a car.
Whether to install gps positioning can be negotiated by both parties, and both parties agree that there is no problem in installation. If one party forces the installation, it belongs to the overlord clause.
Please pay attention to the following when buying a car:
1. Pay attention to the details that dealers tend to overlook, such as delivery time, maintenance, repair and other after-sales services;
Whether the responsibilities of both parties are equal after the delivery time is breached;
Whether the free maintenance is based on time or mileage ... Consumers should pay special attention to the above details reflecting the contractual responsibilities of dealers when signing contracts.
2. tying insurance is illegal. In addition to compulsory insurance such as car damage insurance and third party liability insurance stipulated by the state, car buyers also have the right to choose which insurance to buy and the right to choose insurance companies.
3. The terms of the car purchase contract should be complete.
(1) Clearly specify the brand, engine number, frame number and other necessary elements of the car.
(2) The price shall specify the total price of vehicle transaction (naked car price or package price), payment method and time limit.
(3) Delivery method and time limit of the vehicle.
(4) Handling of quality disputes and objections.
(5) After-sales service terms should focus on what obligations dealers should undertake (see the relevant provisions of Product Quality Law, General Principles of Civil Law and Consumer Protection Law for details).
(6) About the liability for breach of contract. It is also necessary to specify in detail what kind of responsibility a party should bear if it breaches the contract or fails to fully and properly perform its contractual obligations.
(seven) agreed arbitration, litigation and other dispute settlement methods; The jurisdiction of the contract, such as the domicile of the buyer, the domicile of the distributor or other places designated by both parties, may be agreed by both parties as the jurisdiction of the dispute. If the agreement is not clear, the provisions of the Civil Procedure Law shall apply.
(8) Special attention should be paid to the details of the contract responsibilities of dealers, which are often maliciously "ignored" by dealers. Car buyers should pay attention to protecting their rights, so that the rights and obligations of both parties are equal.
(9) At the same time, it is extremely important to choose a dealer with good strength and reputation, because the integrity of the dealer directly affects the performance of the contract.
When buying a car, don't forget to ask or check the background information of the dealer, which should at least include the registered capital of the business license of the enterprise as a legal person, and pay attention to whether the business place is consistent with the registered place to prevent commercial fraud and protect your legitimate rights and interests.
Extended data
Attention problem
1, hidden costs need to be known in advance: generally, this situation is easy to appear in secondary dealers.
In fact, as long as consumers ask about the expenses included in the total price when booking a car, are there any other hidden expenses, such as:
New car inspection fee, delivery fee, etc. And pay attention to whether the loan contract is provided by the bank to avoid trouble when picking up the car.
2. Car insurance by installment: If consumers choose to buy a car by installment with a credit card, the general car dealer will ask the designated insurance company to handle the car insurance for a specified period of time, and consumers should pay attention to whether the car insurance price is acceptable.
3. There is no guarantee in the oral agreement: unless the consumer applies for unsecured credit loan in the bank and withdraws funds, he will go to the 4S store to buy the car in full, otherwise other forms of loans will not be able to get all the discounts for buying the car in full.
At this time, car dealers often verbally promise various concessions to consumers, but the promises that are not on the pen are all on paper. In order to avoid disputes in the future, consumers need to consider it when choosing a car loan method.
4. The loan amount should be specified: generally speaking, the maximum loan of 200,000 yuan can be guaranteed by personal credit or joint liability;
Apply for mortgage with the purchased vehicle or real estate, and the loan amount is 70%;
If a third party applies for secured loans (except banks and insurance companies), the loanable amount is 60%.
5. The repayment method should be clear: banks generally provide two repayment methods for users who apply for personal car loans: equal principal and interest and average capital. Among them, the total amount of interest paid by equal principal and interest is relatively large, but the repayment amount in each period is the same, and the repayment pressure is relatively balanced;
The repayment amount of each installment in the average capital gradually decreases. Although the total interest expense is less than the equal principal and interest, the early repayment amount is large, so you should think twice about whether it can bear it.
Baidu encyclopedia-loan to buy a car
Will the car bought with the loan really be equipped with a GPS locator? Why on earth is this?
With the rapid development of economy, more and more people buy cars. There are generally two ways to choose a car now. One is to buy a car in full, the other is to choose a loan to buy a car. Usually, you can pay by installments. However, many people say that cars bought with loans will be equipped with GPS locators, but this statement is not necessarily correct. Most of them will install GPS, which is mainly installed by banks or financial companies cooperating with automobile manufacturers. The reason is to prevent you from missing the loan, thus reducing your economic losses.
Formal 4S shop loans are provided by financial companies that cooperate with automobile manufacturers, and these financial companies will cooperate with the vehicle management office, which is very formal. With the participation of the vehicle management office, you don't have to worry about economic losses or install GPS. However, some small car sales and intermediaries cannot cooperate with the vehicle management office. Generally speaking, they will take the car in full and sell it to you. In this case, some measures need to be taken to prevent the lender from missing and not repaying the loan. Installing GPS is one of them, which can protect your own interests well.
For some customers who are foreigners, it is necessary to install GPS, because foreigners are more troublesome to find, and locals with down payment below 30% also need to install GPS, not to mention those who have personal credit problems. Installing GPS in the car will not affect daily use, and there is no legendary saying that "bugs will steal privacy". Some people will be required to install GPS in their cars through loans, which is the company's risk control measures. The purpose is to prevent customers from losing contact, thus causing economic losses to enterprises. After installing the GPS positioning device, they can get the position of the vehicle at any time, and make inquiries through the car search platform, even if the customer leaves, they can get it back in time.
Generally speaking, if you only buy a car in full, there is no such thing as installing GPS. If you borrow money to buy a car, you will have to install and locate your car according to the situation, so you don't need to worry too much.