Why does Tesla even care if the car owner is delinquent on the bank note? At the... | Hacker News

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xyst on Dec 20, 2021 | parent | context | favorite | on: Tesla remotely unlocks Model 3 car, uses smart sum...

Why does Tesla even care if the car owner is delinquent on the bank note? At the time of the sale, Tesla was paid in full by the bank.

Is Tesla trying to become the underwriter of future loans, and this is their way of testing their automated repossession process?

oxymoran on Dec 20, 2021 [–]

They don’t need to be the underwriter to affect the underwriting process. By enabling this feature, banks could be more willing to make loans to credit challenged people, thus rendering more Tesla’s on the road.

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