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Originally Posted by 2010SS2SS
In Michigan that is right but it doesn't cover ALL states!
Hmmmmmmmmmm....Hope thats a joke because then it wouldn't be a SPOT delivery!!
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Quote:
Originally Posted by Earthshaker6
She is talking about spot delivery on an estimated rate after at least one bank has approved the loan. Dealers do this because they know they have the deal approved...but they expect a better rate from another lender. They will "spot deliver" the vehicle on that lender's paper and may have to call the customer back in if that does not go through.
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Well, I stand corrected be 'He Who Has Been In The Car Biz Over 20 Years'...
I have ONLY been in the car business for just over 7 years, and I have only worked at one car dealership. Here in Sparta, 'Spot Delivery' means that a customer takes delivery of their car
'On The Spot'. Meaning, they don't have to make an appointment to come back in a day or two or three. They take it home with them NOW. However, IN MY SEVEN YEARS HERE, WE HAVE NEVER DELIVERED A CAR WITHOUT PRIOR APPROVAL FROM THE BANK. We just would NEVER do that.
I had no idea that this is a regular practice out there.
Thank you for the enlightenment.