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Comment by averagewall | Hacker News Reader

What's the alternative? Don't lend money to people with a bad credit history, even if they need a car to get a job to pay their debt, like this guy seems to? What would have happened 60 years ago in that situation? You can't just keep trusting people to pay their debts when they didn't before. I made that mistake and the guy still owes me thousands of dollars which I might never see.

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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 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.

The 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.

It's not even about lending. It's about consumer rights being eroded all over the place and losing any real concept of ownership.

You buy a tesla, but oh it's not really yours to do with as you please. You agreed to terms on the software.

Get fucked by a company. Can't sue anymore, mandatory arbitration clauses.

Farmers can't fix their tractor anymore.

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