Quote:
Originally Posted by Embalmer
So I just got my blank loan check from Pentagon FCU last night (3.99%) and I read a very important line in the instructions.
It says: "Enter the amount you wish to finance (up to $xx,xxx.xx). The total amount may not exceed the vehicle MSRP (new) or NADA (used) average retail price including taxes, tags, title fee, and warranty."
I'm going to guess that other loans are very similar....
So, if you agreed to pay above MSRP on your Camaro, I'd look into the financing aspect of it right now before you get your loan and can't use it.
Note: If you are putting a down payment on the car and the "loan" amount is not above the MSRP, you're safe. Just make sure whatever you write on the check is not above the MSRP.
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You may be able to use this as a bargaining chip.....lol....." Well Mr./Ms. car dealer all the banks will lend on this car is up to MSRP." lol Its a reach but.....