I don't really like the whole idea myself. First of all, you're talking about people that can least afford transportation, already paying extreme interest rates, and then if they are one day late they lose their transportation.
Anybody here that's never been a day late on a payment? Anybody here ever make a payment and have an issue with it not being posted properly? Think about having that happen and then not having transportation to get the kids to day care and get yourself to your job.
Besides the fact that the whole thing smacks of big brother. It's probably got a built in gps so they can find the car too. Which means they would also be able to track all your moves. No thanks, I like my privacy.
But then you all probably already knew that hehehehe.