I know a guy who owns a used car lot. He will sell to anyone. After April 15th is his busiest time. They plop down money on exactly what they want, he charges 20% interest and doesn’t check credit and carries his own loans, and then installs a GPS on the car so that when they don’t make the payment he knows where it is and repos it......then starts the whole process again. lol Its easy money for him.
Does he inform the “purchaser” about the installed GPS (or is there some small print in the “paperwork” that the purchaser “acknowledges’ the GPS)? Seems there could be some legal ramifications about tracking the whereabouts.