—”Why didn’t she just keep up her payments? “
My read is that they said, Your loan is preapproved here is the keys. We will call when the paperwork is ready...
But for some reason, there is always some problem that requires changing the terms of the loan, so they can squeeze a bit more...
We bought a slightly used dealer demo Ford Expedition and wrote a check for the full amount.
A few weeks later and a couple thousand miles from home, we get a call, they were very polite, BUT very concerned.
A problem with the check, the account was valid with sufficient funds, but out of date!
I seldom write checks; my wife manages our finances. I was carrying an old checkbook.
They were very happy to work it out, and nice about it.
I bought a car for cash earlier this year. The dealer wouldn't take a personal check unless I unlocked a credit report. They had all my personal information. During finalizing the purchase I gave them my DL, insurance card and the car I was trading in. They let me take the new car to the bank to get the cashiers check.
It seems odd to me that an OEM dealership selling recent used cars would have a fly by night financing firm
my Honda dealership sent me a check for $24.00 because they said they had accidentally over-charged me for a 2024 Honda Accord Hybrid I bought from them ...
My last used car purchase was paid in full via bank transfer.