@Haleybrook wrote:Great news! I received a letter from Wells Fargo Dealer Services today congratulating me on my purchase and providing the account no and address information. I'm so relieved. I kept waiting for something to hold it up or for me to be called back to sign with a higher interest rate. I'm glad it's done.
I'm suddently getting all this credit card offers in the mail saying I'm preapproved. Where did that come from?
Yea! 
Now you don't have to worry any more.
It is true, once you get approved for an auto loan then all kinds of people want to issue you a cc. The pre-approval really is just a pre-screening thing.
That happened to me in 2001. I had just moved to a new city, 1000 miles from home all by myself. Didn't know a soul there, no job, no family, no friends.... And my Mitsubishi Eclipse died. I had just put $1500 into the car getting it road ready, new belts, tires, plugs, battery, wiper blades, brake pads, detailing, etc. Two weeks after my move, the computer died. It would cost $1600 to fix it, and the car was 10 yrs old and had a zillion miles. I went to a dealer and traded it in for a brand new Mitsubishi Mirage with 4 miles. I was young, single, and completely ignorant about car stuff. I was financed at 8% and had a 60 mo term. I don't remember what the payment was, but it was $200-something.
About a week later, I got a call from the dealer telling me I had to come sign some more paperwork. My payment went up to $320 and had a 72 mo term. I was LIVID, but felt like I had no choice. I signed and kept the car for a little over a year before doing a voluntary repo. I was so resentful and just hated the car. I knew I had been taken and it made me angry every time I put the key in the ignition. It has long since fallen off my credit report but I still feel hurt when I think about it.
I'm glad yours worked out! Congrats on your new car!
About a week later, I got a call from the dealer telling me I had to come sign some more paperwork. My payment went up to $320 and had a 72 mo term. I was LIVID, but felt like I had no choice. I signed and kept the car for a little over a year before doing a voluntary repo. I was so resentful and just hated the car. I knew I had been taken and it made me angry every time I put the key in the ignition. It has long since fallen off my credit report but I still feel hurt when I think about it.
I'm glad yours worked out! Congrats on your new car!
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