Quote:
Originally Posted by nUcLeArEnVoY
By technical definition, a car is still new until the title is transferred from the original dealer to the bank or the first owner. That's why a lot of dealers use a nasty tactic of giving a false financing approval, only to call the new owner a few days later saying they need to come back and sign some last minute paperwork, and reveal to the customer that they weren't completely approved for financing just yet. If the customer gives in, they will usually get charged a high APR and other things to keep the car. If they don't, they have to give the car back, they lose the money they put down, and the dealership still technically has a "new car" since they never transferred the title to a bank yet since financing wasn't really approved, giving them the ability to sell it at full price again.
Hell, could have happened to this car.
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Typical dealer tactic called "Yo-Yo-ing the sale"
("Spot deliver" the car- then call them back 2-3 days later to re-sign a new deal)
A couple of dealers around me are still doing this. Buyer signs paperwork in the huge pile of papers in the F and I office at acknowledging they might have to re-negotiate the deal then gets a phone call a few days later. By then, the customer has shown off his new car to his friends.
One outfit tried that on me when I was much younger. I had good credit and knew it.
I went back the following Saturday afternoon and made a little scene in front of a full showroom. As a result, my original deal stoodfast, just so they could get me the hell out of there before I killed their business.
They played dirty.......so could I.