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High-tech gear disables car if borrower misses payment

MURRIETA, Calif. — When the light starts to flash, you had better have the cash, according to USA Today.

That's the reality for millions of subprime borrowers whose used car purchase is contingent upon having an unusual option: a little box mounted underneath the dashboard that forces them to make their payments on time.

A light on the plastic box flashes when a payment is due. If the payment isn't made and the resulting code punched in to reset the box, the vehicle won't start. The next step is a visit from the repo man.

Posted by Peter C. T. Elsworth  at 9:56 AM to Technology | Permalink

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