Some car dealerships and lenders have equipped cars with devices that disable the ignition or make the horn honk nonstop when payments are late. We wrote about this last year, but didn’t realize that the interface has fantastic potential for pranks. And that’s how a laid-off car dealership employee was allegedly able to disable the ignitions of more than 100 cars purchased from the dealership. Or set off their horns in the middle of the night. [More]
Repossessing cars is so old-fashioned. All that driving, locating people’s houses, towing the cars away… with the mess credit markets are currently in, who has time for that? Car lenders don’t.