posted 6 years ago

Immobiliser device linked to car finance payments

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

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.

Some real wallys on here. How is it the big corporations are being greedy? These are for people who won't be eligible for standard loans and finance due to bad credit etc. They are fitted so people can't miss payments - after a certain amount of time the car will fail to start, after warnings are given. Then if no more payments are made, the finance company can track the car and take it back. Without it, tracing it would be a whole lot harder and people will continue to miss payments but still have their transport. With it fitted, people will maybe think twice about non-payment, and so in the long run this will help rebuild their credit.

I've got one and it's a fantastic idea to get people a decent rate when you're credit rating isn't the best. I've had no problems with the car and i get 5 days grace to get any problems with finance/codes etc sorted. Plus there is an emergency over-ride code which can be used in exceptional circumstances. No-one is being greedy here it's a really good idea so we don't have to pay extortionate interest rates.

I have been offered a car with one of these today and am a bit scared if my payment delays as mentioned but then I am told its my only option as i am now unemployed and fefused finance ill and in need of a car for school run and shopping it is only 1,450 for the car its so unreal they cant trust me to pay that amount !

Would not be buying any car with a device like this fitted, another prime example of being treated like muppets by greedy corporations

What's the big deal, I pay cash for my car, so need for this device.

If you pay by direct debit there can be a delay due to public holidays, so that the payment is delayed. So I can't use my car over Christmas?? I agree with Robert " stick one of these in my car and you can stick it"

If the car is in your possesion, how hard can it be to disable this ?

Tell the dealer, they won't have a sale if they fit one of these devices to the car you are buying from them. I certainly wouldn't buy from them, if they insisted.

another device to hold the motorist to ransom a stupid idea in my view people have been paying or not paying for decades this will not change anything what happens when cars end up all over the place broken down when the immobiliser kicks in interesting scenario but then again it could revive the used car trade

how about similar device for insurance ?? ok difficult to enforse unless brought in by mfg and incorporated into ecu..... but posible

This would be a good idea for those who have a poor credit rating. I do not feel it should apply to everyone. Why should we ALL have to suffer the indignity of an immobilizer, it should not apply to those who have a good credit rating, which would seem unfair. If this happens I will not be getting a new car next year and will wait until my present car falls to pieces, or I can always opt for a used car. HL.