Car Dealers Install Payment Reminders

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/89231800/89231764" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

Car dealers facing higher default rates because of the financial squeeze are trying to get customers to pay up on time — by installing a little plastic box under the dashboard. As the monthly payment date nears, a little light flashes. If the driver doesn't pay up, the vehicle won't start.

RENEE MONTAGNE, host:

And our last word in business is credit crunch technology. The current financial squeeze means car dealers are being forced to repossess more cars, something they don't want to do. To try to get customers to pay up on time, dealers are installing a little plastic box under the dashboard before they hand over the keys. As the monthly payment nears, a little light flashes. If the driver doesn't pay up, the vehicle won't start.

This is MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, host:

And I'm Steve Inskeep.

Copyright © 2008 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.