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Old 08-20-2007, 01:56 PM
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nichole red is on a distinguished road
Default a new car was purchase,signed contract. now...

...later they can't finance at the rate now they want it back.? can they take it back after sign contract?
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Old 08-20-2007, 03:19 PM
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John L is on a distinguished road
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Yes you probably signed a form called a Macarthur statement so that if the bank turns down the loan you have to bring it back. They do that on spot delivery's. Yes you have to give it back. I would tell them that if you cant get the rate promised then you are going some where else most people don't and they take the higher rate and in most cases make the dealer more money. If the rate changes walk.
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