Auto finance lending has high risks. Most auto finance companies’ car
mortgage loan business is only a certificate, not a car; the borrower only needs
to mortgage the relevant information of the vehicle to the financial company to
apply for a loan, no need to mortgage the vehicle .
This process is simple and quick, but it also creates certain hidden
dangers: auto finance companies cannot effectively verify all the information of
the borrower, and the borrower may use forged information to apply for a loan;
secondly, even if the borrower's information is true, it may In the process of
using the vehicle in the later period, it is deliberately damaged, the person
and the vehicle disappear together, or the vehicle is resold, secondary
mortgage, etc. Such behavior will undoubtedly cause losses to auto finance
lending companies.
With the continuous optimization and maturity of the GPS tracker, the
monitoring system of the GPS tracker has been able to solve the above vehicle
risk problems.
In addition to the functions of real-time positioning, electronic fence,
trajectory playback, and remote fuel and electricity disconnection, the
monitoring system of the gps tracker also has functions such as
anti-counterfeiting base station detection, judging the degree of risk of
vehicles after loan, and active early warning of vehicle abnormalities.
Auto finance companies can directly and effectively supervise all mortgaged
vehicles by installing gps tracker devices on credit vehicles. When encountering
malicious fraudulent loans, false loans and other customers, they can also
retrieve vehicles in time to recover losses.
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