FoMoCo's New Patent: Ford Self-Repossessing Vehicle System
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FoMoCo’s New Patent: Ford Self-Repossessing Vehicle System

Azlan Luqman by Azlan Luqman
March 2, 2023
in News
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Overview:

The Ford Motor Co has filed a patent with the “USPTO” (U.S. patents and registering trademarks) for the systems and methods that aid in vehicle repossession. As first reported by the drive, one of its systems which is described in the patent enables an autonomous vehicle to repossess itself.

The other methods suggest limiting the Ford vehicle functions such as Air conditioning, power seats, power windows, and even the locking delinquent owners of their vehicles.

While avoiding the repo a man could get a lot harder in the future, specifically if the vehicles can one day repossess themselves. With the autonomous driving of ford becoming more prevalent in the coming years, all it would take is for automakers to introduce a system. Where the new car, vehicle, or truck and SUV parked in your driveway can drive itself away if you don’t pay.

The Ford could play spoiler based on filling with the (USPTO) that details it as a self-repossessing system.

The company first filed the patent with the United States Patent and Trademark Office back in the year 2021. It wasn’t published formally until this Thursday a discovery originally made by the drive.

Where is my Ford? Dude,

Where is my Ford

As already mentioned, the startling details described in the filing regard autonomous and semi-autonomous vehicles that can easily possess themselves to the lending company. In these situations where Ford’s repo system contact with the lender and determines the vehicle’s market value doesn’t worth the cost of repossession. The Ford vehicles could drive straight to the junkyard.

 Ford’s other Repo-related repercussions:

The Ford’s other repo-related repercussions don’t go quite as far as they make people watch their unmanned F-150 lightning. This directly drives to the crusher at Uncle Tony’s Salvage. This act was an early warning for folks who own cars without autonomous technology. Also in some of the cases where the vehicle is parked in a garage otherwise it is unable to drive itself away or be accessed by a truck.

Avoiding the Full Repo:

The filing of patent steps is worth nothing that would be taken before an automated repossession occurs. Let’s take this with an example, a series of messages would be sent successfully between the lender and owner with past due payments, who would then have an allotted amount of time to respond.

The Filing of the patent also includes language acknowledging the events such as being hospitalized and even being out of the country. It mentions that people with financial hardships might be able to work out payment plans with their lenders.

For now, all Ford’s patent filing confirms is that the company is at least kicking around the idea of self-repossessing vehicles. That sounds more plausible for autonomous driving tech to become better integrated and much more common. We will sooner expect to see the vehicles remotely repossessed by having features disabled. Again it is much hard to predict the future.

Buying a Ford:

Although if you have made a decision to buy a ford from the auction then you should must verify auction sheet of the selected vehicle.

Tags: automakersautomated repossessionautonomous drivingautonomous driving techautonomous vehicledelinquent ownersF-150 lightningfinancial hardshipsFordlending companylimiting vehicle functionsmarket valuemessagespast due paymentspatentpayment plansremotely repossessedrepo-related repercussionsself-repossessing systemUSPTOvehicle repossession

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