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Car Dealers Install Payment Reminders
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Car Dealers Install Payment Reminders

Business

Car Dealers Install Payment Reminders

Car Dealers Install Payment Reminders
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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.

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