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Tuesday, October 04, 2005
  Your shrinking world
Devices can halt cars with tardy payments - billingsgazette.com: "DALLAS - Most of the credit-damaged customers at North Texas Motorcars learn to live with the lights.

They're attached to a black box on the dashboard and start flashing on the first day a car payment is late. On the fourth day, after two more days of warning lights, the car won't start.

'I would not undertake buy-here/pay-here without this system,' said Ray Williamson, president of North Texas Motorcars, which sells about 50 vehicles a month and installs boxes in each of them. 'There's just too much risk.'

The box - called a starter interrupt unit - is used mostly at used-car dealerships that provide financing to customers with bad credit. But other segments of the auto industry may adopt it, particularly if consumers' credit ratings continue to decline.

'I can see this coming,' said Michael R. Linn, chief executive of the National Independent Automobile Dealers Association, which is based in Arlington and represents 19,000 used-car dealers nationwide."
 
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