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Old 08-07-2009, 06:48 AM   #5
Wareal
 
Drives: 911
Join Date: May 2009
Location: Virginia
Posts: 74
financing

You may have a "real" preapproval from your CU. If so, the dealer may accept it, no problem. The dealer may put you on a back up contract with another lender and deliver your car. You can then, within a few days, complete your transaction with your CU, and pay the dealer. The dealer will then cancel the back up contract. We use this method when the customer does not want to delay delivery.
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