Quote:
Originally posted by LXAAlum
ALWAYS READ THE FINE PRINT on the sales contract/financing information.
Not only can they demand the car back should you not "qualify" for the loan (you can always get qualified through other sources if necessary, such as Bar None)...but, they can also charge you SERIOUS money on a daily basis, to in effect "rent" the vehicle pending financing. Chances are, they will deduct charges for borrowing the vehicle from your downpayment amounts.
I've heard too many stories like this. When we bought our minivan (sign that I'm getting too old!) two years ago - I refused to drive it off the lot until we closed on financing.
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I HATE THE SYSTEM!!! due to the fact that it was late at night, they just wanted to get the deal done. they even told us that it was against policy to get two cars (me and my sister) in one night. but they were going to make it work anyway. my dad is going to help me get my dream honda car in a few months WITH ANOTHER DEALERSHIP. not those idiots in orlando. to top it all off, i had to take my current car in today for a 60,000 mile service to find out late that i need brand new brakes too cause my old one were squeaking and i have to break really hard to get it to stop on time. so i have to pay $400 dollars of my hard earned money. i am waiting on the people to get done with it right now. i wouldnt have to if i had my new car. damn those salesmen.