I recently went and looked at a new car, test drove it and got a quote and everything. The next day we haggled with them and got them down to a price which was comfortable for both parties. Now we are just waiting on the loan from the bank, and i told the dealership that we'd get back with them in a couple of days after getting the loan and then buy. Ive never bought a car before so im scared that they may sell it within those few days of us getting the loan. Would they do that?
2006-07-19 02:54:51 · 8 answers · asked by PinkFloMo 2 in Cars & Transportation ➔ Buying & Selling
It's a possiblity. If someone walks in there, wants the car, and has already established the loan, the dealership can sell it to them. The only way they can't sell it is if you have something signed by the dealership stating they won't sell the vehicle within a certain amount of time while waiting on your loan. Most likely such an agreement doesn't exist.
2006-07-19 03:00:43 · answer #1 · answered by Scott M 2 · 0⤊ 1⤋
Did you leave your car at the dealership? Did you leave them the keys, too? DID YOU GIVE THEM THE TITLE? What kind of papers did you sign? These are all questions you should have answers to....
And, if you are feeling that uncomfortable---GO get your car today! It's your car, you can take it back, go get it. If you're going to trade it in when you get the bank loan, well you'll just bring it back then, right?
Yeah, hate that feeling, you know something's just not right.
And if you are trading your car in--make sure you know the real value of it--try kbb.com
2006-07-19 03:00:15 · answer #2 · answered by Munya Says: DUH! 7 · 0⤊ 0⤋
If you did not put any money down to put a "hold" on the car, then yes, they can (and probably would) sell the car to another buyer who already had financing in place.
2006-07-19 02:58:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Don't worry. They want the sale, they'll get it. If they have to sell it, they'll get one exactly like it.
The golden rule when dealing with car delerships: The dealer wants to sell the car twice as much as you want to buy it.
2006-07-19 02:59:08 · answer #4 · answered by thepathfinder804 3 · 0⤊ 0⤋
If you didn't put a down payment on it YES they would they go where the money is available first.
2006-07-19 03:01:44 · answer #5 · answered by michigan_redneck_lover 2 · 0⤊ 0⤋
A deposit would make them hold it for the agreed upon length of time.
2006-07-19 03:02:28 · answer #6 · answered by bad_bob_69 7 · 0⤊ 0⤋
YEP, car dealers are like Republican Politicians.
2006-07-19 03:01:19 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You better believe it! Car salesmen are snakes.
2006-07-19 02:58:41 · answer #8 · answered by Anonymous · 0⤊ 0⤋