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The alternative is that you build the cost of installing, maintaining, and removing the GPS into your loan terms and/or purchase price. Breaking stuff out into
by cowsandmilk 9y ago
The alternative is that you build the cost of installing, maintaining, and removing the GPS into your loan terms and/or purchase price.
Breaking stuff out into fees can make sense when you want to discourage certain behaviors and therefore charge a fee for them. But everyone with a loan will have the device installed, maintained during the term, and removed at the end of the term or on default. There is not a behavior to modify, so these fees are stupid nonsense.
- SilasX 9y agoThe original comment was objecting to GPS tracking/disabling on high-risk loans altogether. You're talking about the issue of the GPS removal being a separate fee, which is a different issue.