It explicitly says the system, which could be installed on any future vehicle in the automaker’s lineup with a data connection would be capable of “ a functionality of one or more components of the vehicle.” Everything from the engine to the air conditioning. It’s titled “Systems and Methods to Repossess a Vehicle.” It describes several ways to make the life of somebody who has missed several car payments harder. The patent document was submitted to the United States Patent Office in August 2021 but it was formally published Feb. Although auto loan delinquency rates have been down since the height of the pandemic, Ford applied for a patent to make the repossession process go smoother. On Mastodon: Observations and links welcome.įuture Fords could repossess themselves and drive away if you miss payments Īverage car payments have been rising for a while. On Friday, there’s another post due at the Social Warming Substack at about 0845 UK time.Ī selection of 10 links for you. You’ll need to click a confirmation link, so no spam.

You can sign up to receive each day’s Start Up post by email. CC-licensed photo by dave_7dave_7 on Flickr. The carmaker Ford has filed a patent that could see vehicles with long overdue loans repossess themselves – or just drive to the scrapyard.

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