Financed Car a month ago?

Question

i took out a 2004 taurus around a month ago. And I just picked up my plates from the dealership. We were missing some paper work I think a page and we went to go give the payment and they said that the load had been finalized. So we gavea payment for the month and we got a call today. What could it be? Does it mean that the load didnt go throught?

Answer 1

UR OK

Answer 2

I see where your coming from ,by thinking that way ,but i'm not sure if that's what it means or not .Did you not catch the phone when they called. It could mean that the loan went throught,  If they took you payment then i think the loan went throught.

Answer 3

They are probably looking for the loan to be approved, which they should done that before you drove the vehicle off the sales Lot.

And also maybe they can not get the loan funded, due to the loan amount, credit history you have, and other things. If a Vehicle is not worth the amount to be funded the loan will not be approved. This is why many banks, want a  copy of the Blue book  value at low book not the asking price, or sold price, and adds on the vehicle many times are not considered, and miles on the vehicle is also important.

Also the Car fax is looked at, to see if the vehicle has been in a accident, or a Flood Car.

If you  are not happy with the Car I would take it back gave them the keys, and you can get all your money back. There is a term used in the Car Dealerships as to this problem you are having. IT's their problem, not yours, The BALL IS IN YOUR COURT, and have been borrowing their BALL, because it's not yours.