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Historic NY

(39,784 posts)

226. A bit deceiving to say its Wall Street....

Sun Nov 9, 2014, 02:03 PM

Nov 2014

Its made to sound like the manufacturers and new car dealers are installing these on unsuspecting buyers. People who otherwise wouldn't be able to buy as car make a purchase from a used dealer who gets them financing. The dealer installs a disabling switch so if they fail to pay the car will not start. The purchaser signs that agreement with the dealer, payment due or the car won't go.

"Beyond the ability to disable a vehicle, the devices have tracking capabilities that allow lenders and others to know the movements of borrowers, a major concern for privacy advocates. And the warnings the devices emit — beeps that become more persistent as the due date for the loan payment approaches — are seen by some borrowers as more degrading than helpful."

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Wall Street Can Now Disable Your Car When You're Driving on the Freeway [View all] xchrom Nov 2014 OP

So, after buying a car, we need to go to mechanics to Ilsa Nov 2014 #1

only if you don't plan on paying the payments you agreed to snooper2 Nov 2014 #38

Or if you don't trust a bank not to make a mistake. n/t Orsino Nov 2014 #41

Of if you have a shred of dignity DisgustipatedinCA Nov 2014 #136

OMG best post of the day!!!!!!!! Vattel Nov 2014 #172

Thanks. I appreciate that. nt DisgustipatedinCA Nov 2014 #173

THANK YOU!!! Odin2005 Nov 2014 #200

I can't believe anyone agrees with this dangerous ploy. Live and Learn Nov 2014 #145

I can't believe people really think that the engineers behind the technology are idiots snooper2 Nov 2014 #149

Per the article, they are: Live and Learn Nov 2014 #150

well off people get their shit repoed as well...(They are usually most pissed off actually LOL) snooper2 Nov 2014 #154

Some of the devices disable the ignition. NutmegYankee Nov 2014 #187

Yes, it's completely insane Warpy Nov 2014 #153

google thr topic... jberryhill Nov 2014 #190

That's what I'd do. n/t bobGandolf Nov 2014 #220

That is probably the worst thing you could do. Atman Nov 2014 #227

A wireless, virtual boot. aikoaiko Nov 2014 #2

It shut down while she was driving on the freeway. ck4829 Nov 2014 #3

you are right Dorian Gray Nov 2014 #4

Ok. I don't like this at all yeoman6987 Nov 2014 #52

A starter kill switch would have no affect on the highway... Agschmid Nov 2014 #54

that does not sound plausible jberryhill Nov 2014 #178

Yup. Agschmid Nov 2014 #183

That's not difficult to design or build. NutmegYankee Nov 2014 #188

I didn't say it was not possible to build jberryhill Nov 2014 #189

I'm not willing to take industry's word on that. NutmegYankee Nov 2014 #193

ah, so plaintiff's lawyer's word wins? jberryhill Nov 2014 #195

As an engineer I know the technology exists. NutmegYankee Nov 2014 #196

America, you voluntarily surrendered your privacy years ago when you signed up for social media, Fred Sanders Nov 2014 #5

Stop the blame game marions ghost Nov 2014 #6

Blame game? Fucking rights. You have to admit you have a problem first...and few are. Fred Sanders Nov 2014 #7

Yes of course it's a big problem marions ghost Nov 2014 #11

Say what? ryan_cats Nov 2014 #61

OK marions ghost Nov 2014 #82

So, it should be OK to not pay your car loan? ryan_cats Nov 2014 #170

Yes that is exactly what everyone is saying.. free cars for everyone.. SomethingFishy Nov 2014 #179

Be poor sometime marions ghost Nov 2014 #181

You don't know me ryan_cats Nov 2014 #182

Whatever marions ghost Nov 2014 #202

Ignition interlock ryan_cats Nov 2014 #215

A word of caution Orrex Nov 2014 #218

You are 100% correct ryan_cats Nov 2014 #221

I agree with Orrex #218 marions ghost Nov 2014 #219

As do I ryan_cats Nov 2014 #223

Protections against lying, thieving Wall St. bankers, that's what Doremus Nov 2014 #168

Those damn bakners forcing people to use them... ryan_cats Nov 2014 #171

"Blaming and trying to make people feel they did something wrong" is exactly what should b done belzabubba333 Nov 2014 #18

How does that work? marions ghost Nov 2014 #22

people need to relaize nothing is free - the "free" software you just downloaded probably belzabubba333 Nov 2014 #36

You are still requiring the victim marions ghost Nov 2014 #37

respectfully i disagree belzabubba333 Nov 2014 #91

It would be more effective marions ghost Nov 2014 #92

like i said it'll take an enromous sacrifice on people belzabubba333 Nov 2014 #94

Not immediately, no marions ghost Nov 2014 #102

That's not exactly true. Free, Open Source Software is not the same... hunter Nov 2014 #74

Blaming victims takes the heat off the wrongdoers kcr Nov 2014 #26

Embolden them more? They can already fucking shut off your car, how more "more emboldened" do Fred Sanders Nov 2014 #84

Yes, it's nuts. How do you think it got that way? kcr Nov 2014 #88

You miss the point, it was a created mindset of not placing value on privacy, FB was the pioneer. Fred Sanders Nov 2014 #89

I'm not the one missing the point. kcr Nov 2014 #90

Tellling people not to sign up for Facebook isn't the answer. i believe it is belzabubba333 Nov 2014 #95

And banks are glad you do n/t kcr Nov 2014 #104

not the bank where the facebook revenue goes to belzabubba333 Nov 2014 #107

Huh? nt kcr Nov 2014 #110

This message was self-deleted by its author AZ Progressive Nov 2014 #112

Oh sure, shaming the poor is always the best solution. Live and Learn Nov 2014 #146

the stuff to which i was refering isnt exclusive to the poor belzabubba333 Nov 2014 #147

But it sure is the majority of it, isn't it? Live and Learn Nov 2014 #148

Exactly. Jamastiene Nov 2014 #123

Fred, the blame doesn't lie with social media..... AverageJoe90 Nov 2014 #162

LOL, not a well thought out post! nt Logical Nov 2014 #166

Then why are you posting here if you hate social media? Odin2005 Nov 2014 #201

How social is an anonymous comments thread, I reject your definition and your logic. Fred Sanders Nov 2014 #205

Message boards are a type of social media. Odin2005 Nov 2014 #206

Sure, just like FB...your definition, you can believe it if you like. Fred Sanders Nov 2014 #207

This could prove to be fatal. How is this legal? B Calm Nov 2014 #8

Because money. baldguy Nov 2014 #10

And corruption. Lots of it. nt AverageJoe90 Nov 2014 #163

This is CRAZY Takket Nov 2014 #9

So what?? Everyone knows that money is worth more hifiguy Nov 2014 #134

Oh yeah! I bet the Supreme Court would disagree with you! Takket Nov 2014 #139

There goes OnStar then... mwooldri Nov 2014 #12

Thats a bit different Travis_0004 Nov 2014 #85

Until the loan is paid off, you're basically borrowing the car Orrex Nov 2014 #13

That's My Take Too ProfessorGAC Nov 2014 #15

When they're stopped on the street, they block traffic kcr Nov 2014 #29

True, but that has nothing to do with what I wrote. Orrex Nov 2014 #32

Yes, it does have to do with what you wrote. Did you read the article? kcr Nov 2014 #39

No, it doesn't. Did you read what I wrote? Orrex Nov 2014 #42

"Others said their cars were shut down while idling at stoplights." kcr Nov 2014 #43

Why are you blaming me for the policy that I explicitly rejected? Orrex Nov 2014 #47

You aren't veing very clear in what you're saying, obviously kcr Nov 2014 #53

Orrex is being incredibly clear IMO. Agschmid Nov 2014 #56

Well, that's nice. But that's not what's happening. kcr Nov 2014 #62

No shit. As I wrote in reply # 13: Orrex Nov 2014 #67

I personally don't find the source reliable. Agschmid Nov 2014 #69

I just don't get your point is all. kcr Nov 2014 #72

In reply # 13, I explicitly addressed what the article is about Orrex Nov 2014 #75

Ok. I don't know how I can make my point any clearer kcr Nov 2014 #78

A point of clarification: Orrex Nov 2014 #96

Yes, they do stop them whenever they want to. kcr Nov 2014 #103

No. Orrex Nov 2014 #106

Yes kcr Nov 2014 #109

Again, no. Orrex Nov 2014 #114

Whenever they want to meant regarding whether they're on the road or not kcr Nov 2014 #116

It took half a dozen posts for you to understand and acknowledge an obvious point Orrex Nov 2014 #120

But no one here was saying that cars shouldn't be repossessed. kcr Nov 2014 #128

The disabling of the cars is part of the repossession, obviously. Orrex Nov 2014 #129

No kcr Nov 2014 #130

That's a trivial objection. Orrex Nov 2014 #131

Trivial objection? kcr Nov 2014 #132

That simply means that you don't understand how repossession works. Orrex Nov 2014 #135

No. I'll take it up with the lenders who decided this was the way to handle default. kcr Nov 2014 #137

How exactly do you plan to "take it up with the lenders?" And why? Orrex Nov 2014 #152

Please. Orrex Nov 2014 #57

You can't think of a good reason other than the people saying that it's happening? kcr Nov 2014 #63

All of us agree stopping a car in motion is wrong. Agschmid Nov 2014 #68

I'm confident that it's happening exactly as they describe. Orrex Nov 2014 #71

I basically answered your question in another post kcr Nov 2014 #73

The car would have to be off for the kill switch to work. luke102938 Nov 2014 #79

Well, except that's not what's happening. kcr Nov 2014 #80

sure, if you beleive every exaggerated story you read jberryhill Nov 2014 #191

What? So your house is also not yours, until fully paid to the last penny? Please.....sir. Fred Sanders Nov 2014 #87

This message was self-deleted by its author Orrex Nov 2014 #97

That is absolutely the case. You do not own a home until you pay for it fully. Bluenorthwest Nov 2014 #98

Thank you. Orrex Nov 2014 #99

Thank you, Bank of America. Fred Sanders Nov 2014 #100

That's not a rebuttal; it's petulance. Orrex Nov 2014 #108

That is presuming to know tone of voice in written text. Fred Sanders Nov 2014 #119

I presume nothing. Failure to convey tone is the fault of the writer. Orrex Nov 2014 #122

So a box could lock you out of your home on late payment dreamnightwind Nov 2014 #155

Some defend the notion, when in law it is not even the notion. Fred Sanders Nov 2014 #158

Foreclosure is not the same as repossession Orrex Nov 2014 #159

Seems like an apt comparison to me dreamnightwind Nov 2014 #167

I'm sure that you see it that way, but you're mistaken. Orrex Nov 2014 #169

Probably not the same thing pipi_k Nov 2014 #184

A ladies car died here in Seattle and she tried to pull to the side of the road rhett o rick Nov 2014 #177

One flaming crash and multiple fatality should put an end to this Demeter Nov 2014 #14

... xchrom Nov 2014 #16

I believe this is mostly dealer financing. Get your loan elsewhere. badtoworse Nov 2014 #17

Oh I know a few "credit unions" I wouldn't put this past. Hassin Bin Sober Nov 2014 #142

Stop the vehicle in a bad neighborhood HoosierCowboy Nov 2014 #19

Good point marions ghost Nov 2014 #23

If... ReRe Nov 2014 #20

The companies say it doesn't work when car's running. Yet one paid a "confidential settlement" to suffragette Nov 2014 #197

Right... ReRe Nov 2014 #198

Looks like similar tech use is spreading - $$$ prioritized over privacy, safety and dignity suffragette Nov 2014 #216

That is so "Police State", isn't it? ReRe Nov 2014 #224

Yes, Corporate Police State, at that. suffragette Nov 2014 #225

If we keep going... ReRe Nov 2014 #228

Very true suffragette Nov 2014 #229

Just don't be late. hot hunk Nov 2014 #21

More predatory lending. nc4bo Nov 2014 #28

Yes, there are sleazebag lenders, but... pipi_k Nov 2014 #185

"Banks Can’t Get Away With Horrible Mortgage Practices Anymore, So Now They’re Doing It With Car suffragette Nov 2014 #222

Guess you have never had a bank make a mistake. peace13 Nov 2014 #30

So why ignore the side that says don't lend to people who can't afford it? n/t kcr Nov 2014 #31

Well, one more reason for me to never buy a car made after 1995 ;) MillennialDem Nov 2014 #24

This sounds slightly sensational ... Wall Street? It's car dealers and automotive lenders ... Auggie Nov 2014 #25

Saw this used in a T V drama! peace13 Nov 2014 #27

First they came for the deadbeat car buyers... Jerry442 Nov 2014 #33

^^^^^++ marions ghost Nov 2014 #40

That's a false slippery slope. Orrex Nov 2014 #50

Yup. Agschmid Nov 2014 #60

Ah, but didn't they tell you... Jerry442 Nov 2014 #83

But is it you who is comparing protesters to those who have broken agreements, stiffed their kids, Bluenorthwest Nov 2014 #101

And we all know that law enforcement never, ever, ever... Jerry442 Nov 2014 #117

The analogy still fails Orrex Nov 2014 #124

Rest assured, everything they do will be letter-perfect legal baldguy Nov 2014 #165

Too bad there is no kill switch on the high frequency trading computers on Wall St..... Hotler Nov 2014 #34

... xchrom Nov 2014 #44

Excellent idea. Jerry442 Nov 2014 #86

On-off, on-off, on-off, on-off just to mess with them :).......n/t Hotler Nov 2014 #151

Disabled their UglyGreed Nov 2014 #35

Not surprised. Rex Nov 2014 #45

One should avoid.. sendero Nov 2014 #46

Car dealership get pissed off when you dont yeoman6987 Nov 2014 #59

You should have...... sendero Nov 2014 #66

You are right yeoman6987 Nov 2014 #70

The most important thing is that you now recognize that you were treated shabbily and KingCharlemagne Nov 2014 #93

Thanks! Lessons learned are certainly a part of life. yeoman6987 Nov 2014 #118

I don't blame them. Hassin Bin Sober Nov 2014 #143

You of course meant to say the loan companies. ileus Nov 2014 #48

Car dealer admitted that his gps kill switch device lead to arrest of kidnap CK_John Nov 2014 #49

No doubt the corporatists will trumpet that story to the ends of the earth. AverageJoe90 Nov 2014 #164

There has been many low budget used car dealers doing this for a long time liberal N proud Nov 2014 #51

just to be clear, there are at least 2 distinct issues here: unblock Nov 2014 #55

Those are some pipi_k Nov 2014 #186

Pay your bills ryan_cats Nov 2014 #58

Yeah...funny demwing Nov 2014 #127

This simply reinforces SheilaT Nov 2014 #64

I removed such a device from our used, fully paid for, car. hunter Nov 2014 #65

Lol "freedom" and not just with cars rjsquirrel Nov 2014 #175

IMO Mr Dixon Nov 2014 #76

The people most damaged by these have few choices. hunter Nov 2014 #105

Note the familiar patterns in this thread. woo me with science Nov 2014 #77

Nailed it again Woo! MindPilot Nov 2014 #113

Absolutely. hunter Nov 2014 #133

+ 1 hifiguy Nov 2014 #138

And you don't have a pattern? treestar Nov 2014 #194

This is the kind of poor-shaming that has happened since the Sumerians. Odin2005 Nov 2014 #203

True, they worship Wall Street so much that they don't even pay attention to what they Rex Nov 2014 #204

I was just noticing that myself. Marr Nov 2014 #213

Interesting Orrex Nov 2014 #217

Big deal, "Detroit" has been able to do that for years, hughee99 Nov 2014 #81

i buy used cars-just cheaper-how do i know device is not on car i just bought dembotoz Nov 2014 #111

This is America AZ Progressive Nov 2014 #115

Waiting until someone dies because of this. louis-t Nov 2014 #121

A vicious kidnapper was just found due to the devices you are attacking. former9thward Nov 2014 #125

Well that settles it nichomachus Nov 2014 #140

I don't favor that but that is coming. former9thward Nov 2014 #141

My car has two GPS devices - but I paid to have them installed and know about them REP Nov 2014 #210

Good, maybe people will be reluctant to buy the fucking things demwing Nov 2014 #126

Here's what I wrote on the other thread Hassin Bin Sober Nov 2014 #144

Great post. Thanks... n/t JimDandy Nov 2014 #211

Well hopefully people will learn not to finance stuff. dilby Nov 2014 #156

If I were in anonymous, and I am NOT suggesting they do this, but, I would be tempted to... stevenleser Nov 2014 #157

Or keep a log of everywhere they stop for a few weeks, JoeyT Nov 2014 #176

and welcome to our brave new world. niyad Nov 2014 #160

This is really just another form of extortion, nothing less. AverageJoe90 Nov 2014 #161

Buy from us and we now own you suffragette Nov 2014 #174

Well I for one do *not* want to live in a United States where Lloyd Blankfein cackles maniacally Nye Bevan Nov 2014 #180

That's dangerous treestar Nov 2014 #192

This is Orwellian as fuck. And very bad for public safety. Odin2005 Nov 2014 #199

Imagine this. Someone borrows money from you and agrees to pay it back, then they don't and tell RB TexLa Nov 2014 #208

Besides doing this at a time that could indanger the drive, what if that do someting stupid. Lady Freedom Returns Nov 2014 #209

Good point about the possibility of being car hacked. JimDandy Nov 2014 #212

NEVER get a loan to buy a car, buy a used car puzzledeagle Nov 2014 #214

A bit deceiving to say its Wall Street.... Historic NY Nov 2014 #226