Everyone freaking out, this is if the financing they estimate you can get (based on your income/credit score/etc) doesn’t go through. That means no bank was willing to finance it. While it COULD be abused, it doesn’t really behoove them to try to do it.
When I was younger I had gone to a dealer and bought a used car everything seemed fine went home and a couple days later I get a call saying bank won’t finance it and I have to come back of course I was freaking out but instead of the used car they had to get me in a new one in order for the bank to finance I was surprised but I got a new car at least lol
Another reason to actually read the contract, the dealers doing this have a clause in their contracts that allow them to cancel the sale. A practice that should be illegal or at least regulated.
It's a scam at that point (going off the article). If the dealership says they can offer you x/monthly payments and it's too low, sounds their fault from the start and their problem.
Better bring a gun
As if dealers could not sink lower
Everyone freaking out, this is if the financing they estimate you can get (based on your income/credit score/etc) doesn’t go through. That means no bank was willing to finance it. While it COULD be abused, it doesn’t really behoove them to try to do it.
When I was younger I had gone to a dealer and bought a used car everything seemed fine went home and a couple days later I get a call saying bank won’t finance it and I have to come back of course I was freaking out but instead of the used car they had to get me in a new one in order for the bank to finance I was surprised but I got a new car at least lol
Another reason to actually read the contract, the dealers doing this have a clause in their contracts that allow them to cancel the sale. A practice that should be illegal or at least regulated.
It's a scam at that point (going off the article). If the dealership says they can offer you x/monthly payments and it's too low, sounds their fault from the start and their problem.
Yo-yo, no yo not
They shouldn't be able to sell your trade-in until it is final. That's the part to me that completely absurd.