Login
My Garage
New hero

Immobiliser device linked to car finance payments

By Stephen Turvil | November 14, 2012

Share

Why not leave a comment?

See all | Add a comment

Vehicles purchased on finance can now be disabled automatically if motorists miss payments.

Immobiliser device  linked to car finance payments
More On This Car
Take one for a spin or order a brochure
Request a brochure
Request a test drive

Vehicles purchased on finance can now be disabled automatically if motorists miss payments. This comes courtesy of a keypad operated immobiliser system supplied by U.S. company Prompt Pay. Shall we consider a scenario? Craig has a new car on finance. He has sent his first payment and therefore received a six digit code. He enters this into the immobiliser which allows the car to operate normally – for now. However, three days before the next payment becomes due the immobiliser springs to life. It therefore shows '3' on its screen indicating that Craig has three days to pay. This becomes '2', then '1'. The message is reinforced by beeps. After this, the car will not start until Craig pays to receive a new code.

The immobiliser was launched in the U.S. in 2006. It now – according to Rob Toon the National Sales Manager for Prompt Pay - protects “twenty-five million of receivables in the near to sub-prime sector”. Delinquency, Rob says, sits at “negligible levels." So far, the system has been utilised by at least one-hundred UK dealerships and finance companies. But is that fair? On one hand, leaving a motorist stuck in a multi-story with kids and bags of shopping seems harsh – particularly as payments can be delayed through bank errors, etc. On the other hand car companies are not charities, they require payments to be profitable, and the system provides several warnings before immobilisation. Little harsh then... but fair.

More On This Car
Take one for a spin or order a brochure
Request a brochure
Request a test drive

Related Articles

Ferrari stolen from Formula One driver Gerhard Berger in 1995 recovered by police 28 years later
The theft of the Ferrari F512M, valued at £350,000, occurred during the 1995 San Marino Grand Prix in Imola, Italy.
Mar 04, 2024
1990 Bentley Continental owned by Elton John sells for over 17 times its projected price
The winning bid not only shattered expectations but set a new world record for this particular Bentley model, nearly doubling the previous...
Mar 01, 2024
Musk claims 2025 Tesla Roadster does 0-60mph in less than a second
This revelation follows a more than six-year wait since the initial unveiling
Feb 29, 2024
13-year-old boy charged for driving on M5
The boy, who was arrested in October, is scheduled to face charges this Friday accused of driving without a license or insurance
Feb 29, 2024