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New repo device to stall cars of late payers
- United Arab Emirates: Tuesday, May 06 - 2008 at 10:07
Some loan companies and car sellers in Dubai will be installing electronic repossession devices in automobiles that kick in if a buyer misses a payment, reported Industry Week. The device flashes colored warning lights as payment day approaches. The light turns yellow when a payment is due, and if a timely payment is not made, the device starts beeping for a day, after which the car will not start. When a payment is made, the driver is given a code to type into the stalling device, and the car can be driven again.
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Jeff Florian, Senior ReporterTuesday, May 06 - 2008 at 10:07 UAE local time (GMT+4)
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