Are All Financed Vehicles Equipped with Tracking Devices?
2 Answers
Not all financed vehicles are equipped with tracking devices. The installation of GPS trackers is not a universal requirement for auto loans; it is typically mandated when the vehicle serves as collateral. For vehicles that require GPS installation, here are common placement locations for automotive GPS trackers: 1) Roof light area above the front windshield; 2) Concealed space within the front windshield lower trim panel; 3) Hidden areas around the front dashboard; 4) Inside door panels; 5) Beneath the rear windshield trim panel; 6) Behind the front bumper (waterproofing required); 7) Under the wiper panel (waterproofing required).
When I took out a car loan, the dealer clearly stated that a GPS tracker would be installed on the vehicle. Later, I found out through research that financial institutions install these trackers mainly to mitigate risks. My cousin, who works at an auto loan company, mentioned that clients with poor credit records almost always get them installed, whereas premium bank customers rarely do. Last time, my friend's car loan only required a fuel cut-off device, which would remotely disable the engine if payments were missed. The loan agreement is the most accurate source—some contracts explicitly state consent to install a tracking module and may even charge a device deposit. These devices don’t interfere with normal driving, but it’s important to have the dealership remove them once the loan is fully repaid.
