Jul
17
Are there Auto Financing laws in terms of the time a dealership can keep a customer at bay?
Filed Under Other - US Local Businesses | 3 Comments
Michael B asked:
Hello, I just bought a dodge charger, and I’m waiting to get financed by the dealership. I struck a good deal on this car because the dealership said they can get me a 7.95% interest rate. I have it on contract. Well, they called my and told me they needed to bring the car back. Well, I brought the car back, and they said their going to try to get the 7.95%. They’re basically crooks. So now I still have the car, and it’s been a week and I don’t have financing. How long are they allowed to draw this out for? I want the car, but if they can’t get 7.95% I’m giving the car back. There only option is getting me financed at this point. My question is if their is a law “time wise” that you can’t keep a buyer at bay to wait for an answer. I know their in a tough position because my credit is not stellar.
Natalie
Hello, I just bought a dodge charger, and I’m waiting to get financed by the dealership. I struck a good deal on this car because the dealership said they can get me a 7.95% interest rate. I have it on contract. Well, they called my and told me they needed to bring the car back. Well, I brought the car back, and they said their going to try to get the 7.95%. They’re basically crooks. So now I still have the car, and it’s been a week and I don’t have financing. How long are they allowed to draw this out for? I want the car, but if they can’t get 7.95% I’m giving the car back. There only option is getting me financed at this point. My question is if their is a law “time wise” that you can’t keep a buyer at bay to wait for an answer. I know their in a tough position because my credit is not stellar.
Natalie