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What if a dealer over-reports your income in order to secure financing?
Wiki User
∙ 19y ago
He is guilty of fraud and is doing you no favor. If you allow this, then you are a co-conspirator in fraud. Surely this can only happen with your knowlege as you have to see, read and then sign the forms!
Wiki User
∙ 19y ago
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Can a car dealer change his mind and get his car back?
They usually don't change their mind. What happens is a dealer sales you a car and lets you drive off thinking the purchase is complete when in fact they do not have the financing secured. This happens mainly on weekends and after normal business hour purchases. If they are unable to secure the financing they will want the car back or you to get financing of your own.
What are the difference between direct finance and indirect finace?
Indirect Financing: Like the name implies, indirect financing occurs when you go through another institution to secure your loan. In the auto industry, indirect financing entails working through the dealer to finance the purchase. The process is usually obtaining dealer financing, as the dealer does the loan up front and then sells it to a third party lender.Direct Financing: Instead of going through the middlemen to secure the money you need to make your purchase, direct financing allows you to work directly with lenders to secure the best terms and interest rate possible. Once you are approved for a loan through the lender they will give you parameters to stay within by use of a pre approval or even a voucher to pay for your purchase, allowing you to use the money you need to finance your new car at any dealership of your choice as if you where a cash buyer.
What secure financing options are available in North Brunswick?
Explore the range of secure financing North Brunswick offered to support your business, personal goals, and real estate endeavors with confidence.
What do you need to buy a car from a Honda dealer?
Generally, most car dealers have credit and financing offers when it comes to purchasing a vehicle. The NJ Honda dealer that I frequent has a financial director to assist you with a safe and secure pre-approval process. My Honda dealer in NJ has access to millions of dollars of credit from a variety of lending sources. Dealers are usually able to provide you with a variety of financing and credit options even if you have poor or no credit. Check out the website of a Honda dealer in NJ like DCH Paramus Honda. They offer credit pre-approval online by simply filling out a quick application.
What is involved in invoice financing?
"Invoice financing, also sometimes referred to as factoring or invoice discounting, is a way for a company to draw loans based on outstanding invoices. The invoices act as an asset or collateral to secure the loan."
What is another way to say 'raise money'?
Another way to say 'raise money' is to 'collect funds' or 'secure financing'.
Where can one do their purchase order finanacing?
"You might go to a bank or similar small business lender to review your options. Many small business require this type of financing, and with your company's financial records, you might secure a loan for financing."
Secure a Business Loan?
form_title=Secure a Business Loan form_header=Expand or upgrade your business by securing financing for a loan. What is the purpose of the loan?=_ What is the name of your current financial institution?=_ Do you have any current loans?= () Yes () No
What options do you have in order to obtain a commercial mortgage financing?
The options when obtaining a commercial mortgage financing is to shop around to find the most competitive and secure rate. As well one needs to look at comfort level and ability to pay for the mortgage.
Is a car dealership a secured creditor?
No, unless that dealership is of the buy and driver variety. Dealerships are that, a dealer in vehicles. Dealerships do not typically provide financing; this is typically the venue of the finance company. In the event the dealership is a buy and drive, then yes, they are a secured creditor. That is, of course, they are lax enough to not actually secure the vehicle they sold in the loan contract.
What solutions makes a good business financing?
Good business financing is achieved through solutions including various loan types, overdrafts, and lines of credit. These programs should be flexible and secure, and function with long-term business goals in mind.
I require $1,500. I'm retired. I have secure income. Where can I go, that offers the above amount, but does not lower the amount when I go to the site?
If you have secure income please don't bother with a payday loan as you will end up paying ridiculous loan fees and interest. Instead try to secure a personal loan from your bank or credit union.
