Quote:
Originally Posted by greenberetTFS
ZZ6,
I get your point about the fact that you where able to acquire all that personal info in 4 hours....  My question to you is why didn't you wait for the discounters blessing on the loan before you released the truck,it seems his was absolutely needed in order for the loan to be finally approved ?  That was 4 hours of aggravation I don't think you would of had to endure.... 
GB TFS  |
I would love to do it that way, but you can't. Once the customer signs a contract you have a deal. The law gives no recourse if the loan doesn't go through. The contract does. WE have 10 days from the date of sale to rescind the contract if the bank does not fund. A lot of dealer don't use a contract that has a seller's right to cancel. Under CA law posession is everything. If we don't get the vehicle back with 10 days,
we become the bank.