Ford Could ‘Lock Out’ Vehicle Owners for Missing Loan Payments Under New Patent

Ford Could ‘Lock Out’ Vehicle Owners for Missing Loan Payments Under New Patent
A logo of Ford on a car at the 86th International Motor Show in Geneva, on Mar. 1, 2016. Denis Balibouse/Reuters
Naveen Athrappully
Updated:
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American automobile manufacturer Ford has filed a patent regarding a repossession system that can automatically lock out vehicles in case owners do not make auto loan payments in time, and even move autonomous vehicles to a place of its choosing.

The patent application (pdf) pertains to “systems and methods to repossess a vehicle.” According to the application, the new system will involve two computers, one of which could be associated with a financing agency, such as a bank or lender, while the second computer might be an onboard computer or smartphone owned by the vehicle owner.
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