• car loans

    Payment Late? Lenders Can Remotely Disable Your Car

    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.

    That's why engine shut-off devices, or car disablers, are a hot new trend in car accessories. Less useful than a GPS and way less fun than a DVD player, the devices allow lenders to disable a car's engine remotely when payments are overdue. Yes, it's legal. More »

    10:05 AM on Fri Apr 17 2009
    By Laura Northrup
    26,930 views, 162 comments

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