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31st July 2023 16:57
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Avalon Member
Electric Cars Will Be Equipped With Self Repossessing Ability
Imagine missing a few car payments and your entertainment system gets shut down, miss a few more and your windows refuse to go up and down, miss another, and your heater/AC stops working. Now when the bank decides that it has had enough it automatically locks your doors and drives itself driverlessly back to the bank.

Yes, Ford applied for a patent to make the repossession process go smoother. For the bank, that is. The patent document was submitted to the United States Patent Office in August 2021 but it was formally published Feb. 23. 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.
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 "[disabling] a functionality of one or more components of the vehicle." Everything from the engine to the air conditioning. For vehicles with autonomous or semi-autonomous driving capability, the system could "move the vehicle from a first spot to a second spot that is more convenient for a tow truck to tow the vehicle... move the vehicle from the premises of the owner to a location such as, for example, the premises of the repossession agency," or, if the lending institution considers the "financial viability of executing a repossession procedure" to be unjustifiable, the vehicle could drive itself to the junkyard.
The first thing to know is that if your vehicle is connected to the internet in any way, this system could theoretically work on it. The application likewise describes a "repossession computer" that could be installed on future cars to make this system function smoothly, but it also states no extra hardware necessarily needs to be installed on the vehicle for it to function. "In some embodiments, the vehicle computer may be configured to perform some or all, functions of the repossession system computer." Basically, if your car has an infotainment system already set up to receive something like over-the-air updates, this could probably work without physical modifications.
It appears that Ford is leading the pack on these self-repossessing cars but you can be sure that car makers around the world are taking note.
Source: https://www.thedrive.com/news/future...-miss-payments
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31st July 2023 17:49
Link to Post #2