I did the Mazda 3i lease special too on July 2nd, the last day of the lease deal and drove home with the car.
They offered .00072 money factor with a 704 fico, however, on the lease agreement in section 3 it stated "subject to assignee approval within 10 days of execution, otherwise lease shall be void and lessee shall return the vehicle on demand". Does your lease agreement say the same ?
I did not get to the dealership until 5:30pm but gave them my SS to run credit before I got there. I am assuming their system gave me a prelim. approval subject to Mazda Capital Services (Chase) fully approving once the bankers had a chance to fully review the file.
I am nervous about having been allowed to drive off with a car without the loan being fully approved. Is my nervousness unfounded ?
I did not call the finance mgr at the dealership today (July 3rd) but I am wondering if they call me to let me know its really completed or do they only call me to say the loan fell through. I have never made a late car payment in my life but do have BK7 from 9 1/2 yrs ago....I have a credit card with Chase and have had a perfect credit history since the BK and have had 2 BMW leases in past 5 yrs before switching to Mazda.
Any thoughts on this ?
