[chud]

Good for her!

[IYAS9YAS]

Sounds like this dealership failed to do due diligence in more ways than one.

[nickcarraway]

Seems like a separate matter to me.

[Harmless Teddy Bear]

The dealer sold her a used Kia K5, but claimed in court documents that it was later determined that the McCreary did not provide sufficient information for loan approval.

Should have done your due diligence before selling her the car. You didn't, that is all on you.

Now if she did not make payments that is another thing but the excuse of, "we did not do our job" sounds like a you problem.

[ro_dreaming]

They let her take home the care based on “pre-approval”, conditional on actual approval. She didn’t get actual approval.

[dragnet2]

The dealer can’t get their loan approvals straight, and then failed to renew the name of their company. lol...

[BenLurkin]

The dealer sold her a used Kia K5, but claimed in court documents that it was later determined that the McCreary did not provide sufficient information for loan approval.

It's called an unwind. Usually involves buyers who turn out to be shady individuals.

Not saying this lady is shady.

[alancarp]

They may be (and I agree with the appellate court) separate matters, but I suspect that if the dealership wants their name back, the settlement should be...

... the car. Free and clear.

[Drew68]

The dealer sold her a used Kia K5, but claimed in court documents that it was later determined that the McCreary did not provide sufficient information for loan approval.

This is one of those rare cases when I'm glad I broke the longstanding FR tradition of not reading the article before commenting.

I was about to blast her as a loser who should've made her car payments.

[Rio]

Their web site is still up.

https://www.taylorkia-lima.com/

[Nateman]

After 5 years my used car is finally all mine. I ended up paying 4 times what it is now worth. The first and only time I bought a car with financing.

[bunkerhill7]

The name on the claim falls mainly on the dame.

[PIF]

For a woman buying a second hand car, she sure has a lot of money to pursue her case through court after court.

[jacknhoo]

It should be illegal to sell a car under pre-approval conditions.

It is hilarious she was able to take their name.

[KarlInOhio]

If you are financing a car, you almost always sign a form which says “if there’s a problem with the loan you have to immediately pay for the car or bring it back”. Crooked dealers use it to get you to initially sign for terms they know the bank won’t approve and stick you with a much worse loan the next day.

[SkyDancer]

They were too anxious to sell her the car they never bothered to vet the application. Tuff on them.

[Governor Dinwiddie]

Sweet! You go girl!

[Crusher138]

Mentioned this debacle to a car dealer. He gave me a little insight.

Dealerships have relationships with various lenders. These lenders give them “guidelines” to follow when selling outside of banking hours. A credit score from this to this, income of this, and you can calculate whether or not they qualify and for what interest rate. Problems occur when...

The customer lies about income.

The customer has a drastic change in their credit score.

The financing company changes their guidelines over the weekend.

Those are the LEGITIMATE problems that occur. On the slimy side, other reasons a deal needs to be renegotiated...

Math errors. Yep, even with computers, the finance guy at the dealership occasionally makes mistakes.

Greed. There is a financing deal with a much larger kickback to the dealer out there and they are trying to move the deal to that plan.

A better offer. Someone else wants the car and will pay considerably more for it. If they increase their take on the financing OR get the customer to give back the car so they can sell it to the other customer, they win either way.

[EnderWiggin1970]

So first she welches out on paying what she owes for the car, and then she pulls off a legal stunt to injure them further. No one should have sympathy for her.

[Nervous Tick]

Love it!