Car Loan Funding

KCJeep said:
I would but I’m a bit tight right now. Stuck in the drive through Friday I decided to buy TSLA on my phone app. I’m new at trading and I didn’t know how much to buy, so I just bought all of it.

Elon is calling me Monday. 😎
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1000007850.webp
 
So did you put money down, for taxes or registration even? Was it much?

I ask because when I lived in Charlotte a local dealer went under. It was a huge mess, because they had been floating their bills with peoples down payments and such. Then they closed and filed for bankruptcy, and most of those people lost everything they put as down payment. I looked for it online - it was circa early 2009, and I couldn't find much. There wasn't much record of it even then.
 
SC Maintenance said:
So did you put money down, for taxes or registration even? Was it much?

I ask because when I lived in Charlotte a local dealer went under. It was a huge mess, because they had been floating their bills with peoples down payments and such. Then they closed and filed for bankruptcy, and most of those people lost everything they put as down payment. I looked for it online - it was circa early 2009, and I couldn't find much. There wasn't much record of it even then.
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Yeah I paid it all and 50% down
Not worried as I think they are just screwing the maker for $$$
But I don't like that either. I'll talk with the GM Monday while trading at McDonald's so @KCJeep doesn't get flustered
 
It could be a number of things, but with 50% down payment, I think it's safe to rule them out and take the "Occam's Razor" approach. You're likely dealing with incompetence at the dealership.

If you like the car and the deal, just wait it out and keep hounding the dealership. Don't call your salesman - he has no idea what is going on. Go straight to the Finance Manager, Sales Manager, or the General Manager. You can always apply pressure by saying that if they don't have the deal funded by a certain date, you'll bring the car back and require your down payment back. That'll light a fire under them.
 
It seems the delay in funding was a delay or a loss of my paperwork.
Now found.....geez
 
Zee09 said:
Yeah they spread me out 😆
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Meaning, wholesale rates were going down and they had "locked" you in at a given rate...which I'm sure is a violation of a bunch of laws.

They also owe you a partial refund. The car they just sold you is two months older and has a bunch of miles on it compared to the one you test drove.
 
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