Do 4S Store Installment Cars Have GPS Tracking?
1 Answers
Generally speaking, installment cars purchased from 4S stores are equipped with GPS trackers to prevent the owner from driving away the vehicle before completing the payment. Below is relevant information about car loan service fees: 1. Regulations: According to Article 3 of the "Notice on Rectifying Irregular Operations of Banking Financial Institutions," "Financial institutions must not take advantage of issuing loans or providing financing to require customers to accept unreasonable intermediary services or other financial services for the purpose of charging fees." 2. Legal Perspective: From a legal standpoint, if a car sales company induces consumers to choose loan financing and charges a "financial service fee," this constitutes an illegal act of imposing unreasonable conditions. 3. Compensation Measures: If consumers are defrauded, they can claim triple compensation. Article 55 of the "Consumer Rights Protection Law" states: "If a business operator engages in fraudulent conduct when providing goods or services, it shall, upon the request of the consumer, increase the compensation for the losses suffered by the consumer, with the increased compensation amounting to three times the price of the goods purchased or the cost of the services received. If the increased compensation is less than 500 yuan, it shall be 500 yuan. If other laws provide otherwise, such provisions shall prevail."
