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

Shit, a lot of people will be walking ... :1orglaugh :1orglaugh :1orglaugh

http://msnbcmedia.msn.com/j/msnbc/Co...1p.hmedium.jpg

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