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It seems that times are just getting better

Old 03-31-2008, 07:03 PM
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It seems that times are just getting better

I saw this on leftlane:




While the U.S. credit crunch may be having its biggest impact on the housing market, the auto industry isn't far behind. U.S. auto sales are expect to match the industry's 15 year low this year, which means the country's car dealerships aren't in the best position. However, many car dealership are using a new device to help ensure their livelihoods.

In order to prevent defaults on car loans, many dealerships are turning to a new device called On Time. The small electronic box — which is mandatory is some car deals — is installed under the dash of the car and helps to ensure that car payments are made on time. As the payment date approaches, the box flashes its lights, and on the date the payment is due, emits a beep.
If the buyer fails to make the payment, the device prevents the car from starting. But if the buyer makes the payment on time, they are given a six-digit code to enter into the box to reset it.
And with the credit market showing no signs of improvement, it looks like more and more dealerships are turning to such devices. Over the past few years, Sekurus — the company that produces On Time — has grown at an annual rate of about 30 percent.
While such devices may be bad news for U.S. consumers, at least the repo man's job just got a little easier.


we wonder about the economy getting better... it will be interesting to see the new technology that comes out due to increasingly hard times

-rmatt




original article:

http://www.leftlanenews.com/dealersh...-payments.html
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Old 04-09-2008, 10:40 AM
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It will get better, but only in the long run
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Old 04-09-2008, 01:44 PM
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1) That sucks. I would be pissed if i had something installed on my car that flashed and beeped about payments while having to manually input a code.

2) I would have it uninstalled the first day. All it can interact with is some sort of power interrupt being it is aftermarket

3) I can really only see this being implemented on low credit/high risk individuals

Last edited by CharlesJ; 04-09-2008 at 05:56 PM.
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Old 04-09-2008, 03:05 PM
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2) I would have it installed the first day. All it can interact with is some sort of power interrupt being it is aftermarket
yeah i know what you mean

as well as for the high risk individuals too
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Old 04-16-2008, 11:27 AM
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Man and I just tie a string to my finger?!?!
I am in shock but then again some people need this sort of thing.

My credit score would preclude me from going through this but I pay cash for cars anyway. I would feel as though my intelligence were being insulted if they tried to install that thing on any of my cars.

I see the need but man it irritates me at the same time.

-Nate
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Old 05-29-2008, 04:55 PM
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I dont finance my cars but if i did it like having a ankle clip on your car... whats next???
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NO2 REVIEW

Last edited by nissan34; 03-04-2011 at 09:41 AM.
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Old 05-29-2008, 05:32 PM
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I dont finance my cars but if i did it like having a ankle clip on your car... whats next???
yeah i know, it's like house arrest, pretty sad
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Old 07-20-2012, 11:46 PM
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it takes time to get better. )
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