GPS Tracking for Cars – They dont trust me?
is it true that jd byrider puts gps tracking device in your car incase you dont pay? (what is your source?) i have always paid on time. i dont plan on not paying. that is not the issue but i feel weird about them being able to tell where i’m at always.
Best Answer: They could if they wanted the expense. Nothing would prohibit them from knowing the whereabouts of their collateral at any given time. In the “old days’ ; banker sthat loaned on “movable property” ; would “visit” their collateral to make sure “those cows were still there”. Even grain is microchipped today to identify ownership of certain contaniers. Many frieght vans (trailers) have GPS devices on them, so that the owners of the freight know where their property is located. Until it is paid for and the lein released, it remains the collateral (for the loan) and the lender has an interest in the property. They don’t care where you are, just the property.
- I don’t think it’s true. I highly doubt it’s legal to do that.