Will a GPS tracker be installed when buying a car with a loan?
1 Answers
No, a GPS tracker will not be installed when buying a car with a loan. Introduction 1: Regular 4S stores will definitely not install GPS trackers on vehicles purchased with installment plans, as these 4S stores obtain loans through financial companies partnered with the car manufacturers. These manufacturer-affiliated financial companies collaborate with the vehicle management office, ensuring a highly formal and secure process. With the involvement of the vehicle management office, there is no need to install any GPS. Introduction 2: However, small car dealerships, intermediaries, and agents generally cannot collaborate with the vehicle management office. Therefore, they usually purchase the car in full first and then sell it to the buyer with a loan. These 4S stores may use certain measures to prevent buyers from defaulting on their loans, and installing a GPS tracker is one such method.