Common use of Tracking Device Clause in Contracts

Tracking Device. If not already equipped or installed in Vehicle, you agree to permit us to install a device into Vehicle that allows us to track the location of the Vehicle. This device is designed to protect us until you have paid and performed your obligations under the Contract, our lien has been released from the Vehicle and we have removed the Device from the Vehicle. Installation of the device is required as a condition of approving extension of credit to you and is installed for our protection only. The device is not being sold with the Vehicle. The device and all information we receive from the vehicle remain our sole property. You agree to allow us to remove the device from the vehicle (which we will do at no cost to you) after you have fully paid and performed your obligations under the Contract. If you fail to allow us to remove the Device from the Vehicle after you have fully paid and performed your obligations under the Contract or at such earlier time as we specify, you agree that we will not be liable for, and you agree to hold us harmless from and against, any and all loss, damage, or injury resulting from any activation or malfunction of the device. You agree not to alter, disconnect, misuse or otherwise tamper with the Device. You agree that we will not be liable for any damage to the vehicle caused by tampering with, or the unauthorized removal of the Device.