AAZCD-Jon (Forum Supporter) said:I don't want to 'own' a vehicle that others control. Period.
We all bought into this 20 years ago when we accepted online software licensing instead of owning the actual disk with the software on it
AAZCD-Jon (Forum Supporter) said:I don't want to 'own' a vehicle that others control. Period.
We all bought into this 20 years ago when we accepted online software licensing instead of owning the actual disk with the software on it
This thread is festering into the excitement I knew it would. You boys enjoy your circle-jerk.
In reply to Curtis73 (Forum Supporter) :
This isn't about total volume, it's about the cost on defaults, which is going to be a small portion of the sales.
It's when the lawsuit happens that the costs come to bear, and that cost that matters is the profit derived from the defaulted units.
Don't forget the projected profit in lost sales when it blows up in the media and people stay away from Fords.
It's akin to the mortgage melt down, except in that case, it was the feds mandating loans to people with poor credit.
The ensuing mess was because it was the lenders were trying to cover for the lost profit.
Nothing is free, and bad behavior costs, whether you're Ford or the person THEY shouldn't lend to.
Steve_Jones said:ГУЛАГ мальчик УР следующий said:So Ford credit makes a poor decision on a loan to sell a car to increase their profits, and opens themselves up to various lawsuits based on the emergecy scenarios noted herein, where someone dies because their system locked someone out for non-payment, costing them 10x or more in legal fees than the value of the vehicle they sold, and 100x more than the profit they made on the vehicle, and it's even a debate?
God help us.
So now it's Ford Credits fault for making the loan? God help us is right.
Isn't that pretty much what the housing collapse of '08 showed us? All these banks were lending money to people that couldn't afford it, then the market crashed because these banks didn't do their due diligence on their customers.
If you can't afford a loan due to crappy credit you get denied, or you get a truly crappy interest rate. Where does the company's responsibility and liability in that place? It just doesn't?
In reply to Mr_Asa :
The lenders were getting sued for not making risky loans under the guise of discrimination, so either way they lose. You can't force them to make risky loans, then also blame them when those loans go bad.
Steve_Jones said:In reply to Mr_Asa :
The lenders were getting sued for not making risky loans under the guise of discrimination, so either way they lose. You can't force them to make risky loans, then also blame them when those loans go bad.
Is that really your counter argument? Banks were getting hit by small counter-discrimination suits, so they loaned trillions of dollars to everyone and thats why the housing market collapsed and why banks have no liability in giving out risky loans?
What the berkeley.
No.
Steve_Jones said:ГУЛАГ мальчик УР следующий said:So Ford credit makes a poor decision on a loan to sell a car to increase their profits, and opens themselves up to various lawsuits based on the emergecy scenarios noted herein, where someone dies because their system locked someone out for non-payment, costing them 10x or more in legal fees than the value of the vehicle they sold, and 100x more than the profit they made on the vehicle, and it's even a debate?
God help us.
So now it's Ford Credits fault for making the loan? God help us is right.
Each party bears their part, but if I keep saying "lend me $100, I'll pay you back" and never do, are you really going to keep lending me $100?
At some point, that's more on you than it is me. I'm a moron and blissfully stuck there (or, smart enough to keep suckering people like you) you're the one with more knowledge and the resources.
Fool me once, shame on you, fool me twice, shame on me.
Someone needs to explain how disabling the AC disables the entire car. That's quite the stretch.
Making it uncomfortable isn't the same as shutting the car totally down.
In reply to Mr_Asa :
No, the banks were knowingly making bad loans to get their numbers up, then the market forces started bundling all the E36 M3ty loans together, to make the losses appear less, then people started trading on those losses, and when the time came to pay the bill, everybody was stuck with their thumbs up their asses, except for the banks that owned a few politicians who took all of our hard earned money and gave it to the banks because they were "too big to fail", which then gave the money to their C suites in the form of golden parachutes and annual bonuses. So, as usual, the taxpayers and people who did what they were supposed to do got berkeleyed, the banks learned they could get away with whatever they wanted, and life moved in.
There was even a movie about this, but I guess if you only followed along to the news feeds owned in part by the same banks that were responsible for the clusterberkeley, you may have missed it.
This is going to go badly. Didn't intend that. As of now there are no "plans " to use this. It's just a patent.
Mr_Asa said:As someone who hasn't had AC in his truck in 15 years. Ok?
Edit: do they even still make non-fleet vehicles that don't have AC?
No, but some Fords require the A/C to work because it is part of the cooling system.
Appleseed said:This thread is festering into the excitement I knew it would. You boys enjoy your circle-jerk.
everyone enjoys the CJ except the pivot man.
How soon before some Russian hacker gets into Ford's computer and shuts your car down till you send him 10,000 bitcoins.
You know that's going to happen. He gets extra bitcoins if your kid has to go the emergency room.
Snowdoggie (Forum Supporter) said:How soon before some Russian hacker gets into Ford's computer and shuts your car down till you send him 10,000 bitcoins.
You know that's going to happen. He gets extra bitcoins if your kid has to go the emergency room.
You mean like what was happening 8 years ago with Jeeps?
Again, none of this is new, and every car sold since at least 2010 or so is already connected.
Fueled by Caffeine said:This is going to go badly. Didn't intend that. As of now there are no "plans " to use this. It's just a patent.
True. And holding the patent means other people can't do it without paying royalties.
OTOH, if you have a loan on the vehicle with it as the collateral, it is not your car. That is why insurance can be so expensive, they want to ensure they will be compensated if something happens to the car. And the insurance companies know you need it 
Ok, just so I am clear, wether its a car loan, or a house loan, if it goes bad it is the fault of the person lending the money because they "should have known" it would go into default? The person actually signing many documents saying they would pay it back, is in the clear? I've been around a long time and have never been forced to sign a loan document....
In reply to Steve_Jones :
To some degree, yes. To the hyperbolic degree that you appear to be insinuating, no. No one is saying that. What some people here are saying is that at some point the lender begins to share responsibility.
As for progressively shutting down features if you don't pay, it doesn't surprise me. I'm more surprised it hasn't happened already. We welcomed this possibility into our garages when we, as consumers, got all warm and fuzzy in our drawers about connectivity for maps and wifi to keep children quiet. We gave them the go ahead to go ahead and figure out how to extract more money from us. See how we didn't do the thing but we, on the whole, share some responsibility for the thing being done? We cheered when Ole Musky unlocked range for Florida drivers to get out of state easier during a hurricane and paid no mind to what that actually meant. That if he can extend the range he can also cut it all the way to "No".
Tom_Spangler (Forum Supporter) said:Snowdoggie (Forum Supporter) said:How soon before some Russian hacker gets into Ford's computer and shuts your car down till you send him 10,000 bitcoins.
You know that's going to happen. He gets extra bitcoins if your kid has to go the emergency room.
You mean like what was happening 8 years ago with Jeeps?
Again, none of this is new, and every car sold since at least 2010 or so is already connected.
So what you really want is an older car that is not connected.
Snowdoggie (Forum Supporter) said:Tom_Spangler (Forum Supporter) said:Snowdoggie (Forum Supporter) said:How soon before some Russian hacker gets into Ford's computer and shuts your car down till you send him 10,000 bitcoins.
You know that's going to happen. He gets extra bitcoins if your kid has to go the emergency room.
You mean like what was happening 8 years ago with Jeeps?
Again, none of this is new, and every car sold since at least 2010 or so is already connected.
So what you really want is an older car that is not connected.
If this kind of thing bothers you, then yes. Personally, I think the convenience of a connected car (or smartphone, etc) is worth the loss of privacy, but everyone has different thresholds for that stuff.
Tom_Spangler (Forum Supporter) said:Snowdoggie (Forum Supporter) said:Tom_Spangler (Forum Supporter) said:Snowdoggie (Forum Supporter) said:How soon before some Russian hacker gets into Ford's computer and shuts your car down till you send him 10,000 bitcoins.
You know that's going to happen. He gets extra bitcoins if your kid has to go the emergency room.
You mean like what was happening 8 years ago with Jeeps?
Again, none of this is new, and every car sold since at least 2010 or so is already connected.
So what you really want is an older car that is not connected.
If this kind of thing bothers you, then yes. Personally, I think the convenience of a connected car (or smartphone, etc) is worth the loss of privacy, but everyone has different thresholds for that stuff.
Most of your phones are worse than your car. I was surprised a year or so ago when I hopped in my Civic Si to head home from work, connected to carplay to listen to a podcast and maps popped up with an estimated time to home. I did not like that at all. Turned off GPS function on the phone right then and there. Listened to my podcast via bluetooth instead because CarPlay won't work unless you have GPS enabled. I don't need anyone building a pattern of life on me, regardless if it is benign, why do these corporations and entities need that data? So they can "target" ads to me?
The car companies were simply lagging in that department and are working on catching up. They are just as eager to profit of selling your data or other nefarious actions.
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