Do all financed cars need to install GPS?
1 Answers
Financed cars do not necessarily require GPS installation. Situations where GPS may be installed include: 1. When the borrower has poor credit or makes an extremely low down payment; 2. Financial institutions install GPS to mitigate their risks, enabling them to locate and repossess the vehicle if the borrower defaults on payments. Factors like poor borrower credit, low down payment, or weak financial institution strength increase the likelihood of GPS installation. If the contract specifies GPS terms, the device cannot be privately removed before completing loan repayment.