“If it will cost the bank more to repo the vehicle as compared to what it could sell it for, then “the repossession system computer may cooperate with the vehicle computer to autonomously move the vehicle from the premises of the owner to a junkyard.””
Ford’s application, “Systems and Methods to Repossess a Vehicle,” was published Feb. 23. Miss payments and the car shuts off cruise control, then the air conditioning and key fob, then plays an “incessant and unpleasant sound,” then locks you out. No new hardware needed. Any car that takes over-the-air updates already has the repo man built in.