Car Dealers Now Remotely Disable Your Car If You Miss A Payment.

[ShootSpeeders]

Liberals will howl but without these devices lots of people couldn't get cars at all.

http://dealbook.nytimes.com/2014/09...ype=blogs&_php=true&_type=blogs&src=twr&_r=1&

sep 24 2014

Ms. Bolender was three days behind on her monthly car payment. Her lender, C.A.G. Acceptance of Mesa, Ariz., remotely activated a device in her car’s dashboard that prevented her car from starting. Before she could get back on the road, she had to pay more than $389, money she did not have that morning in March.

“I felt absolutely helpless,” said Ms. Bolender, a single mother who stopped working to care for her daughter. It was not the only time this happened: Her car was shut down that March, once in April and again in June.

This new technology is bringing auto loans — and Wall Street’s version of Big Brother — into the lives of people with credit scores battered by the financial downturn.

Auto loans to borrowers considered subprime, those with credit scores at or below 640, have spiked in the last five years. The jump has been driven in large part by the demand among investors for securities backed by the loans, which offer high returns at a time of low interest rates. Roughly 25 percent of all new auto loans made last year were subprime, and the volume of subprime auto loans reached more than $145 billion in the first three months of this year.

But before they can drive off the lot, many subprime borrowers like Ms. Bolender must have their car outfitted with a so-called starter interrupt device, which allows lenders to remotely disable the ignition. Using the GPS technology on the devices, the lenders can also track the cars’ location and movements.

 

[Katzndogz]

That puts the repo man out of business! Automation deals another industry death blow.

I'd much rather have a remote disabling system than human repossessors.

 

[Pogo]

So what? Computer software does the same thing when a free trial runs out.

If you're doing a payment plan on something you don't have the money to buy, then you don't own the thing anyway. Three days is a bit short-fused though.

 

[Mad Scientist]

What happens when yer on the Freeway and they disable yer car?

What then?

What happens when they disable the WRONG car?

What happens when hackers steal the ability to disable YOUR car?

 

[Katzndogz]

What happens when the repo man grabs the wrong person thinking they own the car?

 

[HereWeGoAgain]

What happens when yer on the Freeway and they disable yer car?

What then?

What happens when they disable the WRONG car?

What happens when hackers steal the ability to disable YOUR car?

I'm sure the car is lojacked. Then they just wait for it to parked for the night.
Or a simple program that only works when the vehicle is stopped.

I dont really see the problem. As long as you've paid your bills in the past you wont have one of these devices on your vehicle.
If you have a history of none payment ....? Thats on you.

 

[SmarterThanTheAverageBear]

Yeah, these aren't easy to bypass

 

[aaronleland]

Um... what do liberals have to do with this?

 

[JakeStarkey]

Hint to the losers: make your payments on time.

 

[Pogo]

Um... what do liberals have to do with this?

Consider the OP source. Not the deepest starfish in the ocean if ya get my drift...
No doubt he'll be telling us any minute now how the lady in the article was a "slut" who was using the car to bring a "gang" to a "white dude's door".

 

[mamooth]

Given how this has been going on for at least 10 years, one wonders at the people who have just discovered it.

And the disable function disables the ignition. It has no effect on a running car.

 

[C_Clayton_Jones]

Um... what do liberals have to do with this?

Nothing.

The OP is an idiot.

 

[ShootSpeeders]

Um... what do liberals have to do with this?

Only welfare bum types get these disablers attached to the car and all welfare bums are libs.

 

[ShootSpeeders]

Consider the OP source. Not the deepest starfish in the ocean if ya get my drift...
No doubt he'll be telling us any minute now how the lady in the article was a "slut" who was using the car to bring a "gang" to a "white dude's door".

The board notes you evaded the issue and stooped to namecalling. Thanks for admitting i'm right.

 

[Lonestar_logic]

Liberals will howl but without these devices lots of people couldn't get cars at all.

http://dealbook.nytimes.com/2014/09...ype=blogs&_php=true&_type=blogs&src=twr&_r=1&

sep 24 2014

Ms. Bolender was three days behind on her monthly car payment. Her lender, C.A.G. Acceptance of Mesa, Ariz., remotely activated a device in her car’s dashboard that prevented her car from starting. Before she could get back on the road, she had to pay more than $389, money she did not have that morning in March.

“I felt absolutely helpless,” said Ms. Bolender, a single mother who stopped working to care for her daughter. It was not the only time this happened: Her car was shut down that March, once in April and again in June.

This new technology is bringing auto loans — and Wall Street’s version of Big Brother — into the lives of people with credit scores battered by the financial downturn.

Auto loans to borrowers considered subprime, those with credit scores at or below 640, have spiked in the last five years. The jump has been driven in large part by the demand among investors for securities backed by the loans, which offer high returns at a time of low interest rates. Roughly 25 percent of all new auto loans made last year were subprime, and the volume of subprime auto loans reached more than $145 billion in the first three months of this year.

But before they can drive off the lot, many subprime borrowers like Ms. Bolender must have their car outfitted with a so-called starter interrupt device, which allows lenders to remotely disable the ignition. Using the GPS technology on the devices, the lenders can also track the cars’ location and movements.

Why not just go get the car when and where it's parked. They obviously have the ability to locate said car.

 

[JOSweetHeart]

I get why its being done, but I do feel for those who fall behind due to unfortunate circumstances that couldn't have been prevented which is what I guess was dumped on that woman's plate.

God bless you and the woman and her daughter always!!!

Holly

 

[Jarlaxle]

Given how this has been going on for at least 10 years, one wonders at the people who have just discovered it.

And the disable function disables the ignition. It has no effect on a running car.

Ah...so I can bypass it with a screwdriver, then!

 

[guno]

Um... what do liberals have to do with this?

Only welfare bum types get these disablers attached to the car and all welfare bums are libs.

Looks like a lot of cars in trailer parks in jesusland won't be running, they should do it with trailer houses too

 

[whitehall]

What if you are driving the thing when they disable it?

 

[eagle1462010]

The new devices can also track the vehicle anywhere you go. It was originally intended for drunk drivers..........breath into the breathalyzer to allow to start the car................

It's BS. With exception to it's original intent.