That is an Arrow M Connected Holdings tracking device. It's an LTE network-connected(cell tower) + GPS tracking device. These are not your typical GPS devices that use only satellites. These use cellphone tower reception to provide pin-point positioning accuracy 24/7. They usually have a built-in capacitor and ping location in low power mode while the car is off. It's fused and should be connected to your OBD port. This all means it pulls power from the OBD/battery only while the car is on. There's zero chance for it to drain your battery.
As an experiences car salesperson, this device is seen in ONLY two occasions:
1. Used by insurance agencies from the consent of insured in order to attain lower premiums.
2. Used by dealers who provide risky private loans, or offer loans through non-typical private banks. These are the kind of loans where your car gets towed after being late on 1 car payment. In this scenario, the dealer that sold you the car is the party who installed this device on behalf of the financial institution that they do business with for you to get the loan.
If this device was installed due to insurance- you would know.
if this device was installed due to your loan- it would be documented, and only know if you actually read your loan agreement.
If none of the above are true, someone else is keeping tabs on you 24 hours a day!!
As an experiences car salesperson, this device is seen in ONLY two occasions:
1. Used by insurance agencies from the consent of insured in order to attain lower premiums.
2. Used by dealers who provide risky private loans, or offer loans through non-typical private banks. These are the kind of loans where your car gets towed after being late on 1 car payment. In this scenario, the dealer that sold you the car is the party who installed this device on behalf of the financial institution that they do business with for you to get the loan.
If this device was installed due to insurance- you would know.
if this device was installed due to your loan- it would be documented, and only know if you actually read your loan agreement.
If none of the above are true, someone else is keeping tabs on you 24 hours a day!!