The GPS positioning system of the car is based on the GSM/GPRS network and the GPS satellite positioning system, and the remote vehicle is located or monitored by SMS or other means. With mileage statistics, ACC detection function, power disconnect alarm function. The car GPS positioning system mentioned here does not refer to the GPS positioning system installed by the vehicle itself for functions such as car navigation and vehicle rescue. It is a GPS tracker which controls and monitors the vehicle where the owner does not know.

Why car loan company need to install gps tracker into the vehicles? Two main points as follows.

The first point is to control the risk of bad debts. The bank requires the owner to install GPS mainly to understand the movement of the vehicle anytime and anywhere. If the owner does not repay the loan in time, the bank can quickly find the vehicle through GPS, and even power off the vehicle.

The second point is to prevent fake ID card borrowing, fraudulent loans or vehicles for secondary mortgage. After all, the situation like a second mortgage on a vehicle is unintelligible and hard to avoid. Moreover, there is an alarm system in the GPS, and several ways can be used to ensure the safety of the alarm.

WanWayTech, a professional GPS locator manufacturer in GPS industry nearly ten years, provides wired and wireless GPS tracker, electric motorcycle gps tracking device, 2G/3G/4G/NB-IOT/Beidou/GPS system and terminal complete solution, focus on product quality and service, and dedicate to provide customers with more cost-effective products, providing a full range of OEM / ODM services.