[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.

[Quality_Not_Quantity]

Actually, it's not an uncommon tactic to let people take possession of a car under preliminary terms, then come back later and say 'sorry, you didn't qualify for THAT loan, but here's what we can do to for you now.' It's never good for the person who's may have traded in another car and would otherwise be without transportation.

[Aeneas2112]

Both parties should be on the hook.
Once you sign, that’s it.

[BDParrish]

Freegards BenL!

So, if I understand correctly, the dealership is backing out of the financing and repossessed the car. The obvious question is, why not ask her for the additional information? But you are saying that dealer is just using some legalese for a legal way out of selling the car to her.

I am no lowyer though I am lowdown, but I will guess and predict that the dealer will win on the car repossession, the lady will win on the name registration and the lowdownyers will all win win win $$$$$$$$$!

[faucetman]

Used to sell cars. Cars don’t get delivered unless down payments and or bank loans are approved.

Once the bank approves, its on the BANK if the person shouldn’t have qualified.

The Bank would have to pursue legal action, but NO WAY should the dealer be able to repossess the car.

[AppyPappy]

They let her take the car home. They chose...poorly