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Thieves tend to want to act fast so as to avoid discovery. Any system can be defeated but adding to the time required for defeat improves the odds that such an attempt will be abandoned.
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And this, I think is the most important point. Whatever you do for security should be thought about in layers. Each layer is not impenetrable, but adds the total time required to defeat the whole system.
Your lock box can be defeated, so you hide it. Now you've added to the time requirement. Maybe in the home, you hide it behind another locked door. More time. Add an alarm system, etc.
In your vehicle, the same principle applies. Of course, if you make it too hard, maybe they just take the car!
Having said that, I'd probably avoid a box that has youtube lessons showing how it can be opened with a penny.