Do all financed cars come with GPS?
1 Answers
Banks do not require consumers to purchase GPS tracking systems. In this regard, car dealerships forcing consumers to buy GPS tracking systems constitutes an illegal practice of forced bundling. Standard installment car purchases: In fact, conventional bank auto loans or credit loans rarely require GPS installation. Typically, either the vehicle registration certificate is used as collateral, other properties are mortgaged, or it's simply an unsecured credit loan. For standard installment car purchases, you just need to use the vehicle, with compulsory traffic insurance being the maximum requirement. Illegal practices: Using GPS tracking to locate and impound vehicles without proper authorization constitutes illegal behavior. However, due to the substantial profits involved and relatively low legal risks, many choose to take these unlawful actions.