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"Some cars are installed with devices that prevent the car from turning on if someone misses a payment and it has become easier to geo-locate a car to tow it aw
by Ancalagon 8y ago
"Some cars are installed with devices that prevent the car from turning on if someone misses a payment and it has become easier to geo-locate a car to tow it away."
Well that's terrifying. Even more of a reason to buy used, older cars with less mileage.
- toomuchtodo 8y ago> Even more of a reason to buy used, older cars with less mileage. You must pay cash. Cars mentioned with an interlock are sold by "buy here pay here" dealerships, which are essentially borderline usury lenders by way of used autos. https://www.npr.org/sections/alltechconsidered/2014/10/16/356693782/your-car-wont-start-did-you-make-the-loan-payment https://www.npr.org/sections/alltechconsidered/2014/10/16/35...
- philwelch 8y agoYou've never heard of the repo man? If you hold property that is collateral for a loan, you don't really own the property; the lienholder has extensive legal rights in the case of default.
- pkaye 8y agoOr don't go to dealer that require interlocks.