Imagine if you’re in your airplane and it quits and you have to restart it and .....
I have little respect for anyone that agrees to purchase under these terms.
Tell me a competent mechanic couldn’t just remove it????
Old technology. I had one of those when I made a down on a car back in Canada (in college) 4 years ago, and just like article, if the payment date is closing in, the yellow light turns blinking red. One of my classmates worked for a well-known electronics store installing car stereo systems and he was able to disconnect and re-wire the system. The only tricky part was the transmitter which signals the company if the payment was made. Regardless, it’s best to pay up on time or they’ll ding your credit.
This is not new.
One of my employees purchased a car under these terms over two years ago.
Uhhh...disconnect the antenna?
No sympathy from me. If you cannot (or should I say will not) save up the money to pay cash, then don’t buy the car...yet.
You know it can be hacked. Anything that can be put on a car electronically can be worked around. People intending to pay back their loans wouldn't worry about it, people intending to steal the car and not pay for it, will figure out a way around it, then the lenders will make improvements, then the car thieves will break and on and on. Just like those home arrest bracelets and anklets can be gotten around if someone reeally works at it.
Soon the light will be flashing if taxes aren't paid - or a vote's missed.
Except the light will be on a wrist band...
God help us if there's ever a totalitarian takeover.