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How technology has redefined the job of the repo man

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31–40 of 88 posts

Re: How technology has redefined the job of the repo man

#31

> DRN sells the information to insurance companies, private investigators ... I wonder if anyone in the insurance industry could comment on how this data is used by them.

Not in the insurance industry, but as someone who is aware of how they price risk: the zip code you park in at night heavily influences loss rates (and therefore premiums) and self-reports of it are not always accurate.

Re: How technology has redefined the job of the repo man

#32

I honestly don’t get why anyone goes in to debt to buy a car in this day and age. You can buy a car (or truck) for $3000 that will last several years without requiring any huge mechanic bills or exotic maintenance - heck, I’ve done it. I would much rather take the bus/bike/walk and save up $500/mo for 6 months to be a free man than buy or lease a car for $500/mo and be a space to my creditors. Besides, hoopties can b…

I will be in need of a car soon. I don't drive much but just need something that works and is safe. Do you have any tips on how you find your $3000 cars? Are you a car guy?

Re: How technology has redefined the job of the repo man

#33
post #3

I work as an automotive mechanic, and while I maintain a relatively neutral opinion on repo men, sometimes the amateurs that crawl out of the weeds are absurd. Ive had repo agents posing as customers looking to "get their car," which is pretty funny, but ive also seen agents harassing the front office staff with demands for a vehicle being worked on. Sometimes a driver will park their car to suddenly find theyve been…

> which turns a regular shift in the garage into a massive headache trying to track down the upset BMW or Mercedes that wont stop making racket in the lot.

Wow, that is wild.

Re: How technology has redefined the job of the repo man

#34

Wow, everything in this article is horrifying: > the rising deployment of remote engine cutoffs and GPS locators in cars Wait, so people can remotely track my car or turn it off? This doesn't sound like a hack away from disaster at all. > The companyʼs goal is to capture every plate in Ohio and use that information to reveal patterns…“Itʼs kind of scary, but itʼs amazing,” said Alana Ferrante, chief executive of Rele…

> This doesn't sound like a hack away from disaster at all. It's been done. https://www.wired.com/2015/07/hackers-remotely-kill-jeep-hig...

As Michael Hastings well knows.

>Hastings, an acclaimed war correspondent and vocal critic of government mass surveillance, died in the early hours of Tuesday, June 18, 2013, when his Mercedes C250 Coupe apparently lost control and burst into flames before slamming into a palm tree.

>Witnesses to the accident, which occurred around 4:25am in the leafy Hancock Park neighbourhood of Los Angeles, said the car appeared to be travelling at top speed and was creating “sparks and flames” before it went off the road.

https://www.youtube.com/watch?v=JzWHZngfONo

Re: How technology has redefined the job of the repo man

#35

I honestly don’t get why anyone goes in to debt to buy a car in this day and age. You can buy a car (or truck) for $3000 that will last several years without requiring any huge mechanic bills or exotic maintenance - heck, I’ve done it. I would much rather take the bus/bike/walk and save up $500/mo for 6 months to be a free man than buy or lease a car for $500/mo and be a space to my creditors. Besides, hoopties can b…

In some cases, it’s hard to buy the $3000 car you need to make it to your job with no savings. Debt solves the chicken and egg problem when it works well.

When it doesn’t work is people getting fancy BMW’s they convinced themselves they would be able to afford somehow, but I have no idea how often that happens vs just lubricating basic necessary economic activity.

Re: How technology has redefined the job of the repo man

#36

I honestly don’t get why anyone goes in to debt to buy a car in this day and age. You can buy a car (or truck) for $3000 that will last several years without requiring any huge mechanic bills or exotic maintenance - heck, I’ve done it. I would much rather take the bus/bike/walk and save up $500/mo for 6 months to be a free man than buy or lease a car for $500/mo and be a space to my creditors. Besides, hoopties can b…

There are a lot of places in the US where taking the bus/bike/walk is impractical, and the idea that people already on the edge can just snap their fingers and start saving $500/month is pretty out of touch.

Re: How technology has redefined the job of the repo man

#37

At least 10 years ago, a friend forgot where he parked his car in the Airport parking lot after a long trip. When he went to the booth embarrassed to tell them this, they said it was no big deal and did a quick tap-tap-tap on the keyboard using his license plate number to determine its exact location. They apparently scanned all the license plates in all their lots twice a day.

> They apparently scanned all the license plates in all their lots twice a day.

I'd bet this is to prevent people from claiming they lost their ticket after parking in the garage for a month in order to pay the daily max rate instead of a month's worth of fees.

Re: How technology has redefined the job of the repo man

#38

Wow, everything in this article is horrifying: > the rising deployment of remote engine cutoffs and GPS locators in cars Wait, so people can remotely track my car or turn it off? This doesn't sound like a hack away from disaster at all. > The companyʼs goal is to capture every plate in Ohio and use that information to reveal patterns…“Itʼs kind of scary, but itʼs amazing,” said Alana Ferrante, chief executive of Rele…

> the rising deployment of remote engine cutoffs and GPS locators in cars How is this legal? Cutting off the engine at a bad time could cause horrific accidents, putting the car owner and occupants of surrounding cars in lethal harm. Where is the class action law suit for this?

These sort of devices seem to show up a lot on cars from "Buy Here, Pay Here" lots (for buyers at risk of default), and have been for a while now. This is one the ways those sorts of lots make a lot of money; an couple of acquaintances run some of these lots and I'm told some cars may be repossessed many times, often paying themselves off many times over. This is another mode of fleecing the poor like payday loan vendors, and it's real lucrative (but pretty morally pungent).

It's sort of funny that a lot of people in the comments here had no idea that this stuff exists; it highlights the lack of demographic overlap between people posting on HN and the sort of person that would wind up getting a device like this installed (or need to use a buy here pay here lot).

Re: How technology has redefined the job of the repo man

#39

At least 10 years ago, a friend forgot where he parked his car in the Airport parking lot after a long trip. When he went to the booth embarrassed to tell them this, they said it was no big deal and did a quick tap-tap-tap on the keyboard using his license plate number to determine its exact location. They apparently scanned all the license plates in all their lots twice a day.

In 2001 my car was towed from LAX parking lot because they checked the plate (they told me they scan all plates daily) and it came back as registered to a different make. Turns out the dealer made a single-letter mistake in VIN when registering the car with DMV, and there is no check digit to reject invalid VINs.

>there is no check digit to reject invalid VINs.

https://en.wikipedia.org/wiki/Vehicle_identification_number#... ?

Re: How technology has redefined the job of the repo man

#40

At least 10 years ago, a friend forgot where he parked his car in the Airport parking lot after a long trip. When he went to the booth embarrassed to tell them this, they said it was no big deal and did a quick tap-tap-tap on the keyboard using his license plate number to determine its exact location. They apparently scanned all the license plates in all their lots twice a day.

In 2001 my car was towed from LAX parking lot because they checked the plate (they told me they scan all plates daily) and it came back as registered to a different make. Turns out the dealer made a single-letter mistake in VIN when registering the car with DMV, and there is no check digit to reject invalid VINs.

There is a check digit. Most likely someone at the dealer copy/pasted the wrong VIN into the form.
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