In an effort to prevent consumers from defaulting on their loans, dealerships rely on the location information retrieved from GPS devices to keep a close eye on their vehicles.
One such dealership is We Finance in Hazel Green. Owner Jimmy Shelton has been in the car business for 43 years. He says with the economy still in a tailspin, GPS tracking devices offer up a little extra insurance. “This is not to jump out and take people’s cars from them, said Shelton, that is the last thing we want to do.”
Shelton says the installation of tracking devices help dealerships monitor cars that still legally belong to them, but they can also help recover cars that have been stolen from their new owners. Shelton uses the Gold Star GPS system. An industry leading tracking device that can locate the car through a process called “pinging.” The GPS system can track any vehicle where a device is located. All you need is online access.
Here’s how it works:
The units allow you to “ping” or “locate” the car to find out where it is.They units can also detect how fast the car is going.Another added feature is to disengage the car, and shut the engine off. There is a seven day no-movement alert. And the last known location is also displayed.
WHNT News 19 asked Shelton if this process was a gross invasion of privacy. He said no and that’s why disclosing the use of the devices before completion of the sale is essential. He says he assures his buyers that the devices will be activated only for retrieval purposes if they default on their payments and fail to return the vehicle.