Can the GPS installed for car loans be removed?
1 Answers
After the car loan is fully repaid, you can remove the GPS yourself or have it removed by the auto loan mortgage institution. Below is a detailed introduction to the relevant content: 1. GPS is an electronic software with vehicle tracking functionality installed by the lending institution on the borrower's car as part of the auto mortgage. It is used to prevent losses to the company due to the borrower's credit default. Additionally, GPS is a consumable item, and the lending institution will set the lifespan and usage time of the GPS based on the loan duration. 2. Once the loan repayment is nearing completion, the car loan company will also notify you to have the GPS removed so that it can be reused for other car loan users' vehicles.