GPS Tracking Technology Leads to Cheaper Vehicles

How to buy a new car, truck or SUV for just a few $100 dollars.

A new web service is offering access to 1000s of cheap vehicles in North America that have been seized by US Government authorities. Many of these vehicles were seized using GPS tracking devices placed by the finance companies to catch ’bad debtors’.

A costly problem to finance companies are fraudsters who take out a car loan for a high value vehicle and then don’t pay any of the installments, mainly because the vehicle is going to be sold on or smuggled out of the country. To combat this, finance companies covertly fit a GPS tracking device that can be activated as soon as payments are stopped, not made and when then ’owner’ stops responding to finance companies calls.

The gps tracking device is activated and a collector is called up to go and retrieve the vehicle. These vehicles are then seized by the police, IRS, Customs or DEA. After a period of time, they are then put back on the market through approved government auctions.

A new company, Seize Cars enables searchers of these auctions to look up a specific car make and model and find the nearest government car auction taking place near their zip code. For small fee - usually $69 but reduced at the moment to $49 - many people have located a ridiculously cheap car and either sold it on or used it themselves….and then sold it on later for a fat profit.

Go and check it out at www.seizecars.com

This entry was posted on Tuesday, June 5th, 2007 at 5:10 pm and is filed under Companies List, GPS Container Tracking. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.