What does the gps fee for buying a car mean?

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????If the vehicle is equipped with a GPS, a GPS fee will be charged. This fee usually occurs in the case of a mortgage to buy a car, and there is no such fee for buying the car in full. Furthermore, if you buy a car through a regular bank mortgage, there is generally no GPS fee. If it is through some loan companies, there will be this fee. Due to the installment payment, the car is not fully owned by the owner, so the loan company needs to install GPS on the car so that the loan company can grasp the movement of the car. The general cost of GPS is about 3000~3500 yuan. Exceeding this price range is on the high side. In fact, to put it bluntly, the GPS fee is the overlord of the loan to buy a car. Similar indiscriminate charges. Normal bank mortgage loans and credit loans rarely require GPS installation, or mortgage vehicle registration certificates, or mortgage other properties, or direct credit loans without any mortgage. Compulsory purchase of anti-theft and emergency rescue at most. There are many places where GPS can be installed, most of which are relatively hidden. Common locations are: 1. Inside the front and rear bumpers. 2. Inside the trim panel under the front windshield. 3. If it is wired, it is generally installed under the center console, a-pillar, and steering wheel. 4. Next to the tail light near the trunk.

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