What to Know Today About the Starter Interrupt Device
Many of the vehicles financed with subprime loans have a GPS device installed, and lenders have utilized the use of starter interrupt devices (“SIDs”). Lenders will require the SID to be installed as a condition of getting a vehicle loan. SIDs enable the auto lender to remotely disable the ignition system of a borrower’s car if the borrower defaults on their loan. In many instances, the SID is equipped with a global positioning system (“GPS”), the SID also communicates the location of the car to the lender to facilitate the repossession of the vehicle.
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