Ford files to repossess cars affiliated with missing payments remotely
THe Ford Motor Co. Filled for a patent Refer to technology That would be remotely repossed cars Affiliated with Missing Payments
“An owner of a vehicle may default on a payment towards a vehicle for various reasons. The lender may send a default payment notice to the owner, followed by a notice of intent to initiate repossession proceedings if the payment is not fulfilled within a certain period of time,” Patent application said.
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“The owner of the vehicle may opt to disregard the notice,” They added it. “After additional warnings, the lender may repossess the vehicle. Typically, the owner is uncooperative at this time and may attempt to impede the repossession operation. In some cases, this can lead to confrontation. It is therefore desirable to provide a solution to address this issue.”
There are many examples that show how owners can be affected remotely by missing payments.
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An GPS system could track vehicles and allow them to be compared.
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