I just got back from the bank and they gave me a Loan Commitment Notification and a security aggreement to give to the dealer, and they state that once they get the copy of the title and security aggreement back, they will give him the check with 2 days. I also have the top copy of the check to prove that they do have it wrote out and it is a done deal and so forth. Can I get the car since I have a Loan commitment before he sends the copy in and everything?
2006-10-10 12:52:22 · 5 answers · asked by jenniferbrr 2 in Cars & Transportation ➔ Buying & Selling
I doubt it. too many things can be forged these days a smart business will only operate when they have the check in hand. Sorry.
2006-10-10 12:54:41 · answer #1 · answered by kksay 5 · 0⤊ 0⤋
Hard to say, the dealer wants you to drive the car away ASAP but the bank may be holding him up on something, so get the bank cleared out and the dealer should be Ok with that. You also have to have an insurance contract and plates, usually done by the dealer.
2006-10-10 21:02:29 · answer #2 · answered by The Advocate 4 · 0⤊ 0⤋
I dont see a problem there. You should be able to take the car home with the banks loan committment.
Good Luck and enjoy the new car.
2006-10-10 19:55:26 · answer #3 · answered by mailbox1024 7 · 0⤊ 0⤋
As long as you have a loan commitment from a reputable source..you should be OK
2006-10-10 19:56:52 · answer #4 · answered by mommy2savannah51405 6 · 0⤊ 0⤋
If the loan is verifiable, probably so.
That is assuming you have full coverage insurance and proper identification.
2006-10-10 20:01:17 · answer #5 · answered by Anonymous · 0⤊ 1⤋