The Ford Barn

Darrell S · 03-02-2023, 12:56 PM

According to Drive.com, Ford has applied to patent self-repossessing cars that can drive themselves away when payments are missed. I guess I won't be trading the 48 in on a new one.

ford38v8 · 03-02-2023, 02:55 PM

That's better than Tesla's repossession policy, where they steer themselves into concrete road dividers.

5851a · 03-02-2023, 07:08 PM

I did see that, reminds me of when Ford cancelled the rights of the high performance Mustangs Track key. Bought for paid for, should have went to court. https://www.youtube.com/watch?v=htGdWLAxT5E So they can use it for finance but not for thieves?

Newc · 03-02-2023, 09:33 PM

Business plan! Exempt Motors --- Repairs only vehicles DEQ exempt, Keep them on the Road! Newc

Zax40 · 03-03-2023, 09:44 AM

Yeah, there is no way hackers will not break into that and use it to steal cars (sarcasm)

uncle buck · 03-03-2023, 09:47 AM

Sponsored Links (Register now to hide all advertisements)

At the end of the day, I would think as long as consumers make their payments it shouldn't affect them?

5851a · 03-03-2023, 11:06 AM

When the cloud goes down is the car going to drive it's self to the corral as a default mode?

kurt v · 03-03-2023, 01:05 PM

Put a fuel shutoff on it.

cas3 · 03-03-2023, 01:10 PM

Prolly won't be running on gas

GB SISSON · 03-03-2023, 09:46 PM

Quote:

Originally Posted by ford38v8

That's better than Tesla's repossession policy, where they steer themselves into concrete road dividers.

That's if they don't just burst into flames first....

Kurt in NJ · 03-04-2023, 09:24 AM

With the new “green “ solar/wind power grid it will need the support of batteries when the wind is too fast or slow for the windmills and the sun is hiding behind clouds or night, then the electric cars will be called to the bi- directional chargers and Lock in for grid support— remember driving is a privilege

millersgarage · 03-04-2023, 09:20 PM

Why would the manufacturer be repo-ing the cars? That's the bank's problem, not Fords

nelsb01 · 03-05-2023, 08:51 PM

The number 1 money maker for ALL auto manufacturers is............wait for it............

FINANCING THE VEHICLE PURCHASE!!!!

Auto dealers and manufacturers are their own banks now.

1942deluxe · 03-05-2023, 10:32 PM

For years one of the most profitable divisions of Ford Motor Co was Ford Motor Credit. Between the interest on consumer loans and the floorplan interest charged on dealer inventory. During my time as a small town Ford dealer I saw the financial statement of one of the largest dealers in the Midwest. They barely made any money on a new vehicle, but the finance department was a huge profit center. I recall Mel Farr did something similar when financing "credit challenged" folks and ended up in all kinds of lawsuits over it. Perhaps another case of it depends on who you are?

03-02-2023, 12:56 PM	#1
Darrell S Senior Member Join Date: Aug 2015 Location: Everett WA Posts: 346	New Ford Patent According to Drive.com, Ford has applied to patent self-repossessing cars that can drive themselves away when payments are missed. I guess I won't be trading the 48 in on a new one.

03-02-2023, 02:55 PM	#2
ford38v8 Senior Member Join Date: Jul 2011 Location: SF Bay Area Posts: 6,646	Re: New Ford Patent That's better than Tesla's repossession policy, where they steer themselves into concrete road dividers. __________________ Alan

03-02-2023, 07:08 PM	#3
5851a Senior Member Join Date: Oct 2014 Location: NE Iowa Posts: 1,665	Re: New Ford Patent I did see that, reminds me of when Ford cancelled the rights of the high performance Mustangs Track key. Bought for paid for, should have went to court. https://www.youtube.com/watch?v=htGdWLAxT5E So they can use it for finance but not for thieves?

03-02-2023, 09:33 PM	#4
Newc Senior Member Join Date: May 2010 Posts: 2,488	Re: New Ford Patent Business plan! Exempt Motors --- Repairs only vehicles DEQ exempt, Keep them on the Road! Newc

03-03-2023, 09:44 AM	#5
Zax40 Senior Member Join Date: Feb 2019 Location: Atlanta, GA Posts: 304	Re: New Ford Patent Yeah, there is no way hackers will not break into that and use it to steal cars (sarcasm)

03-03-2023, 09:47 AM	#6
uncle buck Senior Member Join Date: May 2010 Location: Snohomish,WA Posts: 1,030	Re: New Ford Patent Sponsored Links (Register now to hide all advertisements) At the end of the day, I would think as long as consumers make their payments it shouldn't affect them?

03-03-2023, 11:06 AM	#7
5851a Senior Member Join Date: Oct 2014 Location: NE Iowa Posts: 1,665	Re: New Ford Patent When the cloud goes down is the car going to drive it's self to the corral as a default mode?

03-03-2023, 01:05 PM	#8
kurt v Senior Member Join Date: Sep 2021 Location: summerton, sc Posts: 353	Re: New Ford Patent Put a fuel shutoff on it.

03-03-2023, 01:10 PM	#9
cas3 Senior Member Join Date: Jan 2011 Location: sw minnesota Posts: 4,578	Re: New Ford Patent Prolly won't be running on gas

03-04-2023, 09:24 AM	#11
Kurt in NJ Senior Member Join Date: May 2010 Location: on the Littlefield Posts: 6,159	Re: New Ford Patent With the new “green “ solar/wind power grid it will need the support of batteries when the wind is too fast or slow for the windmills and the sun is hiding behind clouds or night, then the electric cars will be called to the bi- directional chargers and Lock in for grid support— remember driving is a privilege

03-04-2023, 09:20 PM	#12
millersgarage Senior Member Join Date: Feb 2012 Location: Lansing MI Posts: 188	Re: New Ford Patent Why would the manufacturer be repo-ing the cars? That's the bank's problem, not Fords

03-05-2023, 08:51 PM	#13
nelsb01 Senior Member Join Date: May 2010 Location: Up North Posts: 626	Re: New Ford Patent The number 1 money maker for ALL auto manufacturers is............wait for it............ FINANCING THE VEHICLE PURCHASE!!!! Auto dealers and manufacturers are their own banks now.

03-05-2023, 10:32 PM	#14
1942deluxe Senior Member Join Date: Jan 2011 Location: Albion, PA Posts: 714	Re: New Ford Patent For years one of the most profitable divisions of Ford Motor Co was Ford Motor Credit. Between the interest on consumer loans and the floorplan interest charged on dealer inventory. During my time as a small town Ford dealer I saw the financial statement of one of the largest dealers in the Midwest. They barely made any money on a new vehicle, but the finance department was a huge profit center. I recall Mel Farr did something similar when financing "credit challenged" folks and ended up in all kinds of lawsuits over it. Perhaps another case of it depends on who you are?