When buying a car with a loan, the dealer asked to install GPS. On the one hand, it is to control risks. When the owner is overdue or missing, he can find the vehicle through GPS positioning. On the other hand, in order to increase income, the installed GPS needs to be purchased by the owner himself, and the price is set by the dealer himself. The GPS fee of several thousand dollars is more expensive than the GPS on the market.
The only disadvantage of installing GPS in car loan is that it costs money, but this GPS locator should be dismantled after the car loan is repaid. At this time, the waiting has completely belonged to the owner, and no one needs to know the location of his car at any time. Usually only the person who installed the GPS knows the specific location, and the dealer can be required to inform the GPS installation location after the mortgage cancellation procedure is completed.
Generally, it is not allowed to dismantle GPS before the car loan is repaid, unless the dealer installs it purely for profit, and does not investigate whether it is necessary to dismantle it at all. It is necessary to dismantle the car loan after it is repaid, otherwise there will be security risks, and it is not a good thing for others to know the location of their cars at any time. Not all financial institutions need to install GPS locators. At present, most banks and financial companies will not force the installation of GPS locators, especially in first-tier cities.