Re: [Help] Dealership Cosigning????

Author	All Replies
no_one @QWEST.NET	reply to FlexBaud Re: [Help] Dealership Cosigning???? Did all of the terms stay the same? Did you have to put down the $3000. If the terms stayed the same. Plus you only owe to the bank the previously agreed amount and nothing extra to the bank or dealership I might think it was nice of the dealership. That is if everything to you out of pocket now and in the future stays the same. So correct me if wrong instead of you putting down 3000 more the original loan was guaranteed by the dealership to the bank? If that is the case you got a little extra from the dealership and the car you wanted at the same terms???
no_one @QWEST.NET	to forum · permalink · 2008-07-07 22:44:44 · (locked)
FlexBaud Happiness Again Premium join:2004-10-06 Pensacola, FL clubs: ·Cox HSI	Huh? Your post just confused me. No, The letter arrived today from the bank saying that the loan was denied and we would need to pay more of a down payment because they would only fiance X amount of dollars or we would need to take the car back to the dealership. However, the customer called the bank and the bank said that the dealership "cosigned" the difference and the loan is still active. If so, wouldn't that void the orgional contract and need to sign a new contract stating that the dealership has cosigned on the loan? This is all very confusing.
	to forum · permalink · · 2008-07-07 23:00:13 · (locked)
X Man Sober Premium join:2005-09-05 USA	said by FlexBaud : However, the customer called the bank and the bank said that the dealership "cosigned" the difference and the loan is still active. If so, wouldn't that void the orgional contract and need to sign a new contract stating that the dealership has cosigned on the loan? This is all very confusing. You can demand that the deal be called off. They can't force you to put down more than you agreed to by assuming a "note" for you that you never asked for. Call the dealer and tell them, no dice. Mike -- My Photostream.
X Man Sober Premium join:2005-09-05 USA	to forum · permalink · · 2008-07-07 23:06:44 · (locked)


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