The auto industry could be reshaped by a repossession device for cars. Special technology makes a vehicle impossible to start after the owner misses a payment. But federal regulators are asking questions about how at least one auto finance company uses the equipment. Anna Werner reports.
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I often wondered if there was a sketchy method they used if you pay your vehicle off early. So let’s say my truck has 66k miles on it and I decide I wanna pay it off. Well the loaner notifies the dealership and then the dealerships tracks the vehicle you have, pushes a button in their system that fcks with the drivetrain or engine so it basically breaks down bad enough that the value isn’t worth the cost of the repair to repair it and keep driving it just so you’ll return back to the dealership to find a new vehicle. I often wondered if that was a thing
Step 1: remove the disable device
Step 2: enjoy your new car
CARCITY IS TRASH!!!!! GET RID OF THE ENTIRE PROCESS!!!!! I DONT FEEL BAD FOR YOU DEALERSHIP MFS !! GIVE BLACK FOLKS OUR RESTITUTION AND WE WOULDN’T GOING THROUGH THIS FOOLISHNESS !!! AMERICA NEEDS TO COME OUT OF POCKET!!!!
america be like: we're gonna make the entire country dependent on car central infrastructure so everyone needs to buy a car to go to school, work, dialysis, etc. oh you can't afford this necessary thing? it's now going to affect your credit score, which is a stupid made up number that can ruin your life.
They did that to my Kia and left my daughter stranded on a hiway.
An fout nèg "Core Group" deyò.
This can only happen if you buy at a roadside car sales place, and not an actual new car dealer. Using a finance company for a dealership stops this from happening as the bank needs to have a court order to enable the gps tracker.
They try to sell it as they're protecting you from theft but really they're just trying to protect themselves from you not paying!
I think all dealers have to disclose this. This has to be a LAW where the dealer tells the buyer or have a separate sheet that says we have a GPS tracking device that we can shut off your car. They try to sell it as they're protecting you from theft but really they're just trying to protect themselves from you not paying!
There's other reasons, too.
If it is a Requirement to drive to LIVE………no shut ff should be in place. They have gps….thats enough.
That system was meant to cause financial failure. If you are already
scraping by and they charge you
the price of a new vehicle. for an older
model and 4 times the national average interest rate. Indentured servitude prices.
They are trying to drag you further down
the financial ladder. Unscrupulous.
Any freedom you have they are trying
to take it away from you.
The people America has redlined.
In all fairness, if you buy a car on finance, you have to keep up the payments. It's not a new idea. The car was expensive but then the rent, business rates, staff costs, energy costs etc etc etc on a premises like that are astronomical. You're never going to get a car from one of these dealerships at Craigslist prices.
Scamdemic America
Why would you not give someone a week or two to make a payment
Didn't they have this technology before 9/11 ?
Didn't the airplanes that hit the twin towers have technology to avoid the situation?
These are easy to remove
Go to an auto auction cut out the middle man
Consumers who can only afford Buy Here Pay Here vehicles should get transportation from Uber/Lyft for emergency transportation until they rebuild their credit to where they can qualify for a loan from a conventional lender
That's F up like I understand being able to track the car but you should not be able to turn the car off and give me a little bit more than 2 weeks
Going thru this right now as we speak 😭
Impossible to start? Ha! Cut the big red and blue wires from both ends of that device and just solder or crimp them thogether! Car stars instantly. Youre welcome! ✊🏿
So why in 2022 won't they shut it off when the idiot boys steal your Hyundai and kia's.
If they were white they would have been ignored
Oh shut up Gail
I think as long as you pay your car payment then its fine. If you don't pay your car payment, then it's not your car.
I got doop like that Clay Cooley they switched paper work on me told me my car cost 8.950 I ended up paying over 18.000 for 2008 car plus they took my trade in car that was in good condition 2005 Ford Focus nothing but a ripe off
She’s absolutely right you dont know until youve been there because the car dealership wont even let you know that the car has a shut off system like they are supposed to you just purchase the car & later on find out, which is okay you shutting off the for a late payment is understandable but people do have emergencies which is dangerous because they can cut the car off at any time.
I can see and understand the company being able to find the car with a tracking device but not being able to shut the car down…
You literally don't have to go out and get a loan for a car you can't afford though. If you dig a 20 foot hole in the ground and jump in with no ladder, who's fault is it?
Hahaha I had one of these boxes on my car missed a payment they shut it off I bypassed it and never had the problem again. It also disable the GPS tracker in it.
i repo cars for year's even rich people cars get repo lawyers doctor judges no tracking devices on their car's wonder why
I didn’t want to make a comment but I see it’s a lot of idiots here 🙄 first off to say because a person simply is ineligible to pay a certain amount at that time doesn’t deem them as irresponsible, “bad people”, liabilities or any of that it simply means they cannot pay there are a numerous amount of things that could go wrong and could leave your life awry. But to cut off the VEHICLE and stop the progression of anyone trying to make a way out of their situation to be back in control is idiotic.
I bought my FIRST car through US Auto Sales because I thought I was getting a deal and had the same device and similar issues I was working for AAA at 27 yrs old before I was diagnosed with ulcerative colitis and put on long term disability which chose to never pay on time. BOTTOM LINE is things happen and we should ALL have compassion. Ppl don’t care to have compassion.
Also dealerships usually give 90 days before a repossession that is not the same with these devices it’s pay immediately or get shut off and that’s stupid cut the car off if the person has REALLY defaulted 2-3 months no payments sounds like a default but 3 days past a payment that comes every two weeks doesn’t merit someone virtually repossessing my vehicle.
People know the law. There is only 5 or 6 states that are allowed tk have that and dealers are supposed to tell you they have it in car
this cant be legal
US AUTO SALES IN LAWRENCEVILLE GA WILL CUT U OFF EVEN IF U SET UP A ARRANGEMENT …… DO NOT GO HERE
They shut mine off by mistake and wouldn't even admit it a few days ago. After I called them I went out and tried to start it and vavoom it started right up. I've got a few words for them!