Complaint Review: Credit Acceptance Corporation

I am surprised but I mostly agree with what Ronny was asking in this case.

A friend of mine is a car dealer here and showed me the bulletin from Tallahassee

- Steve, I think you would have to agree that if there is a bulletin stating it is illegal, then there is a law that it must reference. I could not find any laws that stated that they were illegal. With a law such as this I didn't even find any news articles on this law. So if you post the exact law it may actually help other people.

mainly because what goes on here in FLORIDA, or the law here in FLORIDA has nothing at all to do with fruits and nuts land, CA.

- In your previous post you stated that SEVERAL other States have similar laws. Okay which States, and how are they similar?

Now, IF these mystery laws are about disclosure of any such devices I could understand that and see how that could be a law. But if you are going to give very generic statements without any details, then unfortunatly you comments are going to taken with a "grain of salt" as they say.

As for Ronny...

I actually want
to see in writing any evidence of any law that can prevent a dealer/lien
holder from GPS tracking as I feel this is a constitutional violation.

- Really? Well since we want details from Steve, how about some detail as to what "Constitutional"violationyou think isoccuring IF aPRIVATE companyisrestricted fromputting a GPS tracking device in a car? Let's see how well you actually do know the Constitution.

Ronny,

I'm not playing into your hand or wasting any time on your nonsense.

mainly because what goes on here in FLORIDA, or the law here in FLORIDA has nothing at all to do with fruits and nuts land, CA.

Absolutely nothing.

I made a statement of an actual bulletin that I personally read that came via fax from the State of Florida Dealer Licensing Division.

No, I do not have a copy of it, nor do I care to, as it makes no difference to me as it does not affect me. You see I'm not a broke a*s Best Buy employee so I have plenty of money and don't have to use buy here pay here lots or sub prime financing.

This rule only affects losers like you, so I suggest that you "look it up".

We are done here.

..or anywhere on the web a possible link to verify any state laws regarding this, in ANY state be it Florida or otherwise????

As far as I know, until the vehicle is paid off it belongs to the lien holder and they can put whatever they want in the vehicle to track it, or prevent it from starting. If this must be disclosed to the current driver of the vehicle by law, then I would think any wise dealership would have this disclosed in the terms and conditions of the contract(s).

What they can not do..is cut the power to the ignition or fuel while it is moving above a safe speed as that is a public safety hazard, but they can certainly track it, and prevent if from starting once is has safety come to a stop.

Any evidence presented (if any, I highly doubt any will be) to prove the contrary will be given full investigation and respect. I actually want to see in writing any evidence of any law that can prevent a dealer/lien holder from GPS tracking as I feel this is a constitutional violation.

However, I have not seen any "bulletin" or any documents from any state that this is in any violation but I look forward to being proven wrong. Can you present ANY evidence?..real evidence and no excuses this time??

Now the waiting game...

Last year FLORIDA made it illegal for car dealers or lenders to put GPS locatorsand/or kill switches in any vehicle sold.

A friend of mine is a car dealer here and showed me the bulletin from Tallahassee.

Several other states have similar laws. Check yours.

This is only one of two possibilities...

First, maybe you do not know the exact truth regarding this lady being late. Second, maybe they made an honest mistake. Maybe you made a few mistakes in your time.

But judging from your apparent hostility toward this SUBPRIME lender, I'll bet there's much more to the story. The reason...the ONLY reason this woman is being financed by CAC is because she has a reputation of not paying her bills on time, otherwise she would have been financed by a bank. Subprime lenders install kill switches to protect the car which is security for the loan. Far too many subprime borrowers have damaged, hidden or destroyed the security. That's why that switch is used. Nothing illegal about that. If a subprime borrower makes their payments on time, then there's no need to worry or get excited about this switch.

Almost consistantly, those subprime borrowers who are complaining about the lender is because that borrower is continuing in their subprime ways and not making their payments on time. As such, that borrower turns on the collections efforts and rather than doing the right thing, they'd rather cry and whine about the lender.

Very well said Russell. I am almost finished with my loan through cac and couldnt be happier!