It's legal IF when you return your new car w/in 24 hours of the request, after which the dealer must they return all down payment and your trade in, with no mileage deduction. In this case, you will either be asked to return your car, get a co-signer, or sign a new contract for new terms that are acceptable to a finance company the dealer has contacted. I don't want to outright tell my SO no, it is his truck, but it just seems stupid to get a 5+ year loan again. If customers don’t know their own credit scores, this scam can have a high probability of success. The finance company goes back to the dealer and tells him that the only way the deal can be approved is if the customer agrees to a higher interest rate, a higher down payment, or higher monthly payments — or get a co-signer. I remember the day that I got a letter in the mail saying that my car was highly in demand and the dealership really needed to buy it from me. However, the dealer doesn’t want to lose this deal. The Landmark manager told Channel 2 Action News they are working to fix the paperwork with the bank and the state, so McClain can keep the car - the one he thought was his all along. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. I'm constantly getting letters in these official looking envelopes saying how popular my car is and that they want to buy it back and give me an upgrade. The financing was pre-approved, a contract was signed and I took home the vehicle. But it's not my car and final say will go to my SO.
They assume that because they’ve signed a legal contract, the deal is done and they get a free car. Most likely, when you tell the dealership that you'd be happy to sell the car, but you're not looking to buy another right now, they'll back down a little bit. I work in automotive advertising and can confirm this is just a sales tactic to move their old/current inventory. pete. The dealer tells the customer that the deal is a go, the customer signs a contract with the agreed-to terms, and the salesman allows the customer to drive away in the vehicle even though the dealer still owns the vehicle (this is often called a “spot delivery”) — because the loan or lease hasn’t yet been approved by the finance company. Landmark told McClain he had to return his car. They haven't estimated what monthly payments would look like, just that they'd be lower. Can I ret . It happens every day. Somewhere in your contract or in a separate document, often called a bailment agreement, this condition is spelled out. Is this a scam? And he's kept this thing as close to new as humanly possible, so they could probably even get it certified pre-owned and mark up the price further. "For two months we've been driving around uninsured, basically on a time bomb. Dealership wants to buy our car back, seems legit, wondering what questions to ask. The truck is fantastic on gas, and has had no major issues/accidents/repairs. Landmark originally told McClain he needed to come trade in the car for a vehicle he turned down when he was originally shopping because it had too many miles on it.
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