A Device That Disables Car Upon Missed Payment
Tuesday, April 1st, 2008
The subprime losses have taken a toll on the banks and other finance houses in the US with billions of dollars in losses being reported. This is an interesting story from the US to counter the problems caused as a result of people defaulting on payments on their cars. The unusual step taken by car dealerships that offer financing to customers on used cars is to install a device on the car to ensure payments are made on time.
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