04-28-2008 12:16 PM
04-28-2008 01:06 PM
05-01-2008 03:37 PM
10-25-2008 01:40 PM
10-25-2008 09:26 PM
05-16-2010 06:38 AM
That doesnt make any sense that they would require a 740 credit score. I was approved for financing with Honda January of 2008 with a credit score of 650. They considered Tier 3, but still, 650 is pretty low and i got approved no problem.
05-08-2013 05:23 AM
05-09-2013 12:06 PM - edited 05-09-2013 12:07 PM
ABSOLUTELY 100% FALSE. #1 urban legend and the source of tons of heatache, stress, and financial problems. (Not trying to bash you but this "belief" is spread a lot and causes all kinds of problems).
You sign, and you drive car off the lot (take delivery) it is yours. Period. Be 100% sure before you take the car.
Unless there is outright fraud; something like paperwork is for an Accord EX but they give you an Accord LX, Odometer reading is incorrect, VIN# don't match, etc it is your car. Now many car dealerships will accept it as a used car trade in (with the resulting thousands of dollars in stand depreciation).
I don't know how many people I have met that believe there is a 36 hours, 2 day, 3 day, etc "cooling off period" but there is not.
Actually, once you sign the contract, it is yours. Many people believe they can sign the contract and stay on the lot with the vehicle that there's no liability for it simply b/c they've stayed on the lot. Once you sign the contract, it is yours. In California, you may purchase a two day cooling off period contract for basically $500 bucks. $250 for the contract and $250 to return the vehicle. I believe it is only offered for used cars.
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