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If the dealer lets you take the car home but the loan is not approved can you back out of the deal?
Wiki User
∙ 8y ago
Absolutely. This is a technique dealers use to get you emotionally attached to the car. Take it home, show your friends. Then they tell you the loan is turned down, but they can get you approved at a higher rate. They think that since you already showed everyone your new car, you'll pay the higher rate.
Don't fall for it. Be prepared to bring the car back and go shop for a new deal.
Find out what car dealers don't want you to know at www.dealertricks.com
Wiki User
∙ 8y ago
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If you don't take a car home from the dealer do you still have to buy it?
If you signed a contract it is yours. You cannot back out unless the dealer agrees.
I have signed all contracts on my car and the dealer said that i was approved and i drove the car home sat. it is now Thursday and i am afraid that they are going to call and say come back. can they?
If the transaction was complete, which sounds like it was, they are not going to call you. You applied for the loan, it got approved, monies exchanged hands, you got the vehicle registered and insured and you have the car. Dont be a worry wort......
Can you cancel a deal after a home inspection?
Yes. A home inspection is intended to provide the purchaser with a complete profile of a residential property at the time of the inspection. This profile is then used to either negotiate a better deal with the seller, or if larger, more expensive repairs to the home will be necessary, the buyer can back out of the deal.
How was harriet Tubman life back home before the war?
Sad and lonely but she tried to deal with it, and it was vey rough!
How would you deal with a client who is very angry at you and blame you for his wife not coming back home?
Ignore him and keep sleeping with his wife.
Can you get an auto loan as a stay at home mom with no proof of income?
NO. My wife went to auto dealer for new car and they said no auto loan can be approved without income. Either the spouse or relative/friend need as a co-signer.
Mobile home on parent's land?
If local authority allows it and you have approved elec and water feed in and approved septic.
If your lawyer file your paper work for your husband visa to be approve to enter the US how long it take we been marry for 3 months now?
It could take a year or more for a Visa to be approved. The husband will have to go back to his home country and wait to be approved.
If you are out of state and someone hits your car it is their insurance company liable for the cost of getting your car back to your home for repair?
Not to your home no, only to a reliable shop in the area where your car was hit/damaged, usually approved by your insurance company.
How many days do i have to take a car back to dealer in New York state if you do want the car?
Unless the sales contract states you a Right of Rescission, once the contract is signed by you and the dealer, it is binding. A right of rescission in a contract gives you a cooling-off period where you can walk away from the deal. It's normal for homeowners to have this right when they use home equity loans to tap the equity in their homes, but isn't standard fare on the purchase agreement for a automobile.
where can i get a good deal on a adt home secuirty?
Check out your local Yellow pages. Check the front and/or the back of the book for coupons. This will help you find a reliable professional adt home of your liking.
Saturday i signed for a loan for a car drove the car home on monday my husband needs to sign the papers for the loan can we go back on the deal and get our down payment back?
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