If you don t see an answer, please Contact Us . We ve divided the questions into Legal, Technical, and Financial categories. In most states, if you are the lienholder, you are not required to disclose that a vehicle is equipped with the Electronic Tracking Device. California contract language is the model for many other states. Disclosure may be slightly hampered by the single contract rule in other consumer-friendly states.
Nobody wants a vehicle to be disabled while it's traveling down the freeway.
This would allow the customer to do as he pleases with the device. A more prudent strategy may be to capitalize the total averaged cost of these devices into your operating expenses and pass this unapportioned additional cost on to all of your customers, regardless of whether or not you install our device in a particular borrower s vehicle. Note that if you would charge more for a vehicle under credit terms than for the same vehicle under a cash contract, you will probably trigger disclosure regulations under the Federal Truth In Lending Act. A car has little capacity for escaping public scrutiny. It travels public thoroughfares where both its occupants and contents are in plain view.