Do financed cars have GPS tracking?
2 Answers
Generally, financed cars have GPS tracking, but some may not be equipped with it, depending on the regulations of the 4S dealership. For financed cars, GPS devices may be installed in four locations: the spare tire, bumper, rearview mirror, or the driver's wiring box. However, other locations are also possible, and they are usually hidden in discreet places. Here is some relevant information: Certain safeguards: The installation of GPS tracking devices in financed cars is intended to provide some security for the seller, preventing customers from defaulting and causing financial losses. If a customer defaults, the seller can quickly locate the vehicle's position and seize it in time. Types of car GPS tracking devices: There are generally three types: OBD interface car GPS trackers, wired car GPS trackers, and wireless car GPS trackers.
A couple of days ago, I picked up a financed car and only then discovered it had a GPS installed. The salesperson had mentioned that financed cars usually come with one, but I didn’t expect it to be so hidden. The 4S店 technician said it mainly depends on the financial institution's policy—luxury cars or those with high loan ratios will definitely have one, while regular family cars might get one randomly. This thing won’t bother you normally, but if you miss a payment, the backend can immediately track the car’s location. Don’t worry too much about privacy; they only monitor repayment anomalies. Just remember to have it removed at the dealership once the loan is fully paid off, otherwise, it’ll just take up space and you’ll have to pay for removal yourself.
