Why do finance companies put trackers on cars?
Why do finance companies put trackers on cars? Such surveillance, lenders say, allows them to extend loans to more low- income Americans, knowing that they can easily locate the car. Lenders are also installing devices that enable them to remotely disable a car's ignition after a borrower misses a payment.
What happens if you remove dealership tracker?
They are very easy to remove, especially if you have automotive electrical experience. However, doing so would void the agreement you have with the lender, the lender would repossess the vehicle and you open yourself up to legal liability.
Can a car be tracked if the battery is disconnected?
Yes, your car can be tracked without a battery. All wireless GPS trackers have their own built-in power and they can work even though you don't connect them to your car.
Can a finance company put a tracker on your car?
It is not legally your vehicle as an asset until it is completely paid off and you have the title. If the financing company wants a tracker on it to make sure that they know where you are, they are legally allowed to do so.
Who can remove tracker from car?
If you want to remove a hardwired GPS tracker from a car, the best option is to ask your local auto repair mechanic to help you out. They will ensure that the tracker is uninstalled properly and is viable for further use.