Late on payments? Device won?t let car engine start ( pic ) - GoFuckYourself.com

directfiesta · 06-12-2006, 10:52 PM

Shit, a lot of people will be walking ...

Quote:

Device puts brakes on defaulters
System won't let engine start if car payments not made on time

LIMERICK, Pa. - Rashida Redd punched in a six-digit code in her Pontiac Grand Prix and got a new lease on life.

The 34-year-old Pottstown mother of five had to file for bankruptcy about a year ago in the face of mounting medical bills from her husband's open heart surgery. Despite her poor credit history, Redd was able to lease the three-year-old car from Williams Preowned of Limerick, Penn. on the condition that it have a starter-interrupt device.

"At least I was able to save the house," said Redd, now separated.

The device, the size of a cigarette pack and mounted under the dashboard, flashes green if she has made a car payment on time. If she misses her $94 weekly payment, it won't let her car start.

Starter-interrupt devices are becoming a popular way for lenders to ensure they get paid, and consumers seem willing to accept them to get into nicer cars, use a smaller down payment and qualify for a lower interest rate, according to device manufacturers.

Ken Shilson, managing partner at Shilson Goldberg Cheung & Associates in Houston, an accounting firm that works with auto dealers who make use of the device, said the market for them is growing.

rest of article

fitzmulti · 06-12-2006, 11:01 PM

Quote:

Originally Posted by directfiesta

Shit, a lot of people will be walking ...

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DAT be whack!

MrIzzz · 06-12-2006, 11:03 PM

omggggggggg this is too much

JD · 06-12-2006, 11:03 PM

that's a really good idea right there! Maybe I'll be able to get that Lambo after all

GTS Mark · 06-12-2006, 11:03 PM

Wow that's a great idea, it would make repossessing cars a heck of a lot more easy.

DH

reynold · 06-12-2006, 11:03 PM

That's seriously fucked up..

06-12-2006, 11:03 PM	#3
MrIzzz If u touch it, I will cum Join Date: Sep 2003 Location: long island Posts: 22,923	omggggggggg this is too much __________________ WHO WANTS TO PLAY GRAB-ASS?

06-12-2006, 11:03 PM	#4
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	that's a really good idea right there! Maybe I'll be able to get that Lambo after all

06-12-2006, 11:03 PM	#5
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	Wow that's a great idea, it would make repossessing cars a heck of a lot more easy. DH

06-12-2006, 11:03 PM	#6
reynold Too lazy to set a custom title Join Date: Oct 2002 Location: Global Traveler Posts: 51,271	That's seriously fucked up..