@MYFYI wrote:
So here goes, after deciding on the car I wanted to purchase and after reading through the forums here I decided to go to my local credit union and apply for a loan through them where I got a great interest rate so when I went to the dealer I would already have my financing in place. Went to the dealer to purchase the car and after negotiating price I told them I already had financing through my credit union, they asked if they could match or try to beat that rate. I felt that it would only benefit me but then they told me if I decided to go with my credit union financing that I wouldn't get the car for at least a week as that how it works with outside financing. That they just don't get a check from my credit union and then let me purchase the car, that it takes a while for all the paperwork to go through. Is this the Truth? or was this just there way of wanting me to finace through them
LIES LIES LIES... that is the stupidest thing I have ever heard... when they finance at the dealership they don't have the money either!! the credit union would be the same way, the credit union would either fax them a letter of finance or you would have it already, the dealership would then send the final documents to the credit union for exact dollar amount and the credit union would issue check.
I mean I guess if they really want to hold the car but that just seems silly, usually the issue is reverse that dealers want you to drive off dealership WITHOUT financing set up and then changing rate or something to get you approved but now you have the car so you just do it... not letting you take the car because you won't finance through them but use your CU is something new I haven't heard before!
you have another dealership that sells same car?
