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Used car dealers think they have
found a solution. It's a device they install on every car they sell
that alerts drivers when they have a payment due. Day by delinquent
day, the alert gets increasingly insistent. On the fifth day, the
car won't start.
The little black box with a four-button keypad is mounted under the
dash and connected to the car's electrical harness. Once the dealer
and the customer have agreed on a payment schedule, it is
loaded into a Windows-based computer program in the dealer's office.
If you have bad credit, or no established
credit history, financing a car just got easier. A product called
the on-time system is sweeping the used car business.
The device is installed under the car's dashboard. Each month, when
you make your payment you get a new code. That code allows you to
start your car until another payment is due.
The device beeps, then a light starts blinking when it's time to
make your next payment.
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HOW
ON TIME®
WORKS
The ON TIME®
system is a legal electronic starter interrupt unit that
uses microprocessor based technology to turn credit
challenged prospects into paying customers, who pay in a
timely manner. It solves the finance dilemmas by making it
possible for a vehicle buyer to purchase and finance a
vehicle. ON TIME® will remind the vehicle
operator when payments are due or it will disable the
vehicle if payments are not made in a timely manner.
 The G2000
Key Pad system as shown on the right is a visible
reminder to is a
visible reminder to the user that they are in good standing
or they need to make a payment. If the customer is current
with their payments an LED will flash green to confirm
payments are on time. When a payment is due the flashing LED
will turn Red and the customer will be aware that a payment
must be made.
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3 days
before the vehicle disables, the number 3 on the key pad
will flash and remind the customer that there is only 3
days left to make their payment.
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2 days
before the vehicle disables, the number 2 on the key pad
will flash and remind the customer that there is only 2
days left to make their payment.
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1 day
before the vehicle disables, the number 1 on the key pad
will flash coupled with a beep and this means they are
on the last operation day and within a 24 hour period,
the vehicle will be disabled.
EMERGENCY
CODES:
are available
in the event the vehicle has been disabled and emergency use
is required.
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The ON TIME® brain as shown on
the left is the true intelligence to the entire
system. The brain stores all the financial
information that the finance company requires of
the customer. For every payment due there is a
corresponding 6 digit code. When a payment is
made by the customer the finance company will
then release a code to the customer to enter
into the key pad. The brain knows which code
should be entered and upon entry, will allow the
customer to start their vehicle until the next
payment due date. |
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