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Detailed text transcripts for TV channel - KGO - 20140930:09:49:00 - Vimarsana News

Detailed text transcripts for TV channel - KGO - 20140930:09:49:00

Dr. dre. >> that's music. that's what i need in the morning. >> now we figured it out. the ultimate symbol of freedom, the car. nothing like hopping in and going for a ride. there's a new system to stop people from driving off with your car. >> lenders are using the device shutting off the engine if you are late on your car payments. gio benitez with more. >> reporter: forget the repo man driving off with cars on the big screen. now new technology is taking his place. small devices like these are being installed in more than a million cars across the country. allowing lenders and dealerships...

Detailed text transcripts for TV channel - KGO - 20140930:09:50:00 - Vimarsana News

Detailed text transcripts for TV channel - KGO - 20140930:09:50:00

>> reporter: hill shows us how it works. lenders and dealerships can monitor customer payments. when they are late, a warning is sent. >> they have 24 hours left of driving this car before it will not run. >> reporter: after a certain period of time, the car will be shut off. >> this is a truck we've earlier disabled. and so now the consumer can come in the car and they'll try to start the truck and it won't start. >> reporter: candice smith says her lender allegedly shut down her car while she was driving down the highway. >> i didn't want to die. everything just became slow motion. >> report...

Detailed text transcripts for TV channel - KGO - 20140930:09:51:00 - Vimarsana News

Detailed text transcripts for TV channel - KGO - 20140930:09:51:00

That lenders and dealers can disable cars too quickly within just two days of it being passed due. even though nevada state laws say it takes 30 days to go into default. >> these devices need to comply with state law. we feel they are dangerous devices. they don't take into consideration where you are when they turn off your vehicle. >> reporter: passtime's ceo says if customers aren't happy with his product, there's ab easy way to steer clear. >> they can go to another dealership and buy a vehicle without our device. gio benitez, abc news, new york. >> cag says it's reviewing that class actio...