If the EMI is not paid, the possibility of the car automatically locking immediately after the alarm sounds, new technology is a boon for those who escape.
If your newly purchased car loan defaults on its monthly installments or EMIs, you will get immediate notices from the bank. Or have recovery agents walk around your home. You keep getting phone calls from the bank you have taken the loan from. In some cases fines are also payable. But have you ever imagined …