Late on car payments? Your car ignition can be deactivated remotely now O_o

[Koshaw]

http://consumerist.com/5215896/payment-late-lenders-can-remotely-disable-your-car

[ghetto dad]

http://consumerist.com/5215896/payment-late-lenders-can-remotely-disable-your-car


lol...wow....good thing im never late with mine....

GD

[DarkShadow]

Aww, these people just lost their job then.

http://cache.daylife.com/imageserve/07gA5jD0bL49I/340x.jpg

[matt duarte]

dang! mine is late right now!!!! damn layoffs! this would defently suck if its true

[sansou]

While I applaud the advance in technology, and the fact that potentially lenders have further recourse in securing their asset, I also find this increased personal intrusion troubling.

I can envision the type of lawsuits that could emanate from disabling a consumer's vehicle, potentially leaving the driver stranded, or without transportation during an emergency.

Can you imagine if your average stereotypical slimey used car sales lot got a hold of the technology? Would you trust the slick guy with the sharkskin suit who sold you the used car AND financed you to not press the "disable car" button the minute he didn't get payments on his 30% 72 month APR loan??? That's just one example from myriads of other wacky but realistic scenarios.

On the other hand, I think it would be helpful if the actual owner of the vehicle, upon discovering the vehicle is stolen, could disable the vehicle once it comes to rest (which in SD means Mexico!).

Seems to me the "old fashion" way of loaning money, you know, ummmm, making loans to loan worthy individuals, makes more sense and costs less. As we already know, sloppy lending practices have put this country in dire straights...

Let's hope the consumer protection advocates don't drop the ball on this one. It's bad enough with the secret "black boxes" (that records varying driving data) they install in newer model cars already.


My 2 cents on a friday afternoon....

[DarkShadow]

While I applaud the advance in technology, and the fact that potentially lenders have further recourse in securing their asset, I also find this increased personal intrusion troubling.

Cmon, as some of my friends would say about illegal wire tapping, "If you didn't do anything wrong, then there's nothing to worry about. ;-)



I can envision the type of lawsuits that could emanate from disabling a consumer's vehicle, potentially leaving the driver stranded, or without transportation during an emergency.

Should've not bought the $2000 stereo system and $4000 worth of rims on your Focus. ;-)



Can you imagine if your average stereotypical slimey used car sales lot got a hold of the technology? Would you trust the slick guy with the sharkskin suit who sold you the used car AND financed you to not press the "disable car" button the minute he didn't get payments on his 30% 72 month APR loan??? That's just one example from myriads of other wacky but realistic scenarios.

Those are the same scenarios that people claim when they get their car repossessed. "BUT I MADE PAYMENTS LAST WEEK!"

Believe me, i'm an expert. I watch Operation Repo.



Seems to me the "old fashion" way of loaning money, you know, ummmm, making loans to loan worthy individuals, makes more sense and costs less. As we already know, sloppy lending practices have put this country in dire straights...

Making loans to worthy individuals?! Poppycock! There's no money to be made that way!



Let's hope the consumer protection advocates don't drop the ball on this one. It's bad enough with the secret "black boxes" (that records varying driving data) they install in newer model cars already.


"If you're not doing anything wrong, there's nothing to worry about."

At least that'll cut the frivolous "my brakes failed" lawsuits, right?

[sansou]

Here's an idea:

How about a cheaply made car (India's "Tata"?) where you could slide your credit card in the dash and drive it on a per transaction/ride fee basis! No contracts, no paperwork, no insurance (would be insured as part of the one time transaction). When your done using it, just leave the car wherever you want...maybe give the customer a break on the cost if they leave the car at a designated lot.

At the end of the day, if the car remains stationary for say more than 24 hours (GPS here), you send out a driver to pick it up and drive it back to wherever the company wants!

Probably not great for SoCal, but possibly a good idea in a really big city...

Voila!


....oh wait, I think Hertz and Avis have something similar and beat me to the punch.

[BIGRED KILLA]

Aww, these people just lost their job then.

http://cache.daylife.com/imageserve/07gA5jD0bL49I/340x.jpg

I love this show she is so hot.



Bigred

[Fisherman57]

While I applaud the advance in technology, and the fact that potentially lenders have further recourse in securing their asset, I also find this increased personal intrusion troubling.

I can envision the type of lawsuits that could emanate from disabling a consumer's vehicle, potentially leaving the driver stranded, or without transportation during an emergency.

Can you imagine if your average stereotypical slimey used car sales lot got a hold of the technology? Would you trust the slick guy with the sharkskin suit who sold you the used car AND financed you to not press the "disable car" button the minute he didn't get payments on his 30% 72 month APR loan??? That's just one example from myriads of other wacky but realistic scenarios.

On the other hand, I think it would be helpful if the actual owner of the vehicle, upon discovering the vehicle is stolen, could disable the vehicle once it comes to rest (which in SD means Mexico!).

Seems to me the "old fashion" way of loaning money, you know, ummmm, making loans to loan worthy individuals, makes more sense and costs less. As we already know, sloppy lending practices have put this country in dire straights...

Let's hope the consumer protection advocates don't drop the ball on this one. It's bad enough with the secret "black boxes" (that records varying driving data) they install in newer model cars already.


My 2 cents on a friday afternoon....


Waaaa?.... you sayin' this is the typical automotive industry person?.... HOW DARE YOU! LOL!

Stop by the PO and drop that car payment in the mail on your way to the Barona Casino Rich .........and rest easy that when you come out, the ignition will still be working. LMAO!

http://fishinghotpage.com/users/tmp3/sansouride.jpg

[imd12nv]

Someone will always find a way to dissable it. you dont pay your electric or water they shut it off too but theres people that still find a way to turn it back on.

[GeordyBass]

i love this show she is so hot.



Bigred
:rofl::rofl::rofl:

[BIGRED KILLA]

Waaaa?.... you sayin' this is the typical automotive industry person?.... HOW DARE YOU! LOL!

Stop by the PO and drop that car payment in the mail on your way to the Barona Casino Rich .........and rest easy that when you come out, the ignition will still be working. LMAO!

http://fishinghotpage.com/users/tmp3/sansouride.jpg



LMAO thats my new screen saver here is my old one my hero lol. http://i269.photobucket.com/albums/jj43/bigredkiller/lucas021.jpg




Bigred