Are cars on finance going to be fitted with "killer switches" in case customers can't make the payments?

In case you missed it in the newspapers recently, there was a feature on car finance firms that are worried about customers who may not be able pay for their cars. They are installing "killer switches" in the cars so they can, at the assumed push of a button, stop the cars engine without knowing where the car is. Sounds dangerous to put it mildly. Could this be true?

Asked on 11 July 2017 by peter shirley

Answered by Honest John
Organisations that have financed cars on the basis of a residual value that now seems unlikely to be realised will be trying all sorts of things at the end of finance contract to try to recoup some of their losses. I don't know about Telematic 'killer switches', but that is certainly feasible. The car could be rendered immobile at a location that the Telematics relay to the finance house if the debtor fails to make payments. I think what will become increasingly common is faults being found with the car on its return and the customer being hit with excessive rectification costs.
Similar questions
What are the pros and cons of buying versus leasing a small car?
Is it a good strategy to exit a 42-month PCP early (say a year early) so there is still good equity in the car, to then start another PCP, as opposed to keeping the car for the full term and then taking...
I'm moving towards leasing my next car, previously always having bought cash. However, the dealer lease deals seem more expensive than those offered online. Is the dealer acting as a third party thereby...