Wall Street Can Now Disable Your Car When You're Driving on the Freeway

[SheilaT]

64. This simply reinforces

why when I buy a car I always pay cash. That means I don't by a fancy new car with every bell and whistle, but an older car I can actually afford.

Yeah, I understand that may sound smug, and that it's not always easy to pay cash, but if people would start out buying a used car, paying it off within a year or two, then saving what had been their car payment for whenever they need to replace the first car, and go from there. Once you have a paid off car, never take out another car loan.

It sounds from the article as if many of the people buying cars with the starter interrupt switch don't really understand what it's all about. Consumer finance is almost never taught in schools. It should be, and it should include serious information about all sorts of loans as well as how to read a contract. It doesn't matter if you didn't read the contract. Once you've signed, it's binding.

And yeah, banks and loan companies make mistakes, which is another whole topic.