Car Loan Funding

[johnmyster]

And incentives for leftover 24 models. Mitsubishi has no 25 sports yet

Mitsubishi? Did you seriously buy a mitsubishi? I wouldn't expect confidence from their finance organization but I certainly wouldn't have bought one of those. 50% down was what? $36?

Can't decide if buying a Suzuki is better or worse than a Mitsub.

 

[Zee09]

Mitsubishi? Did you seriously buy a mitsubishi? I wouldn't expect confidence from their finance organization but I certainly wouldn't have bought one of those. 50% down was what? $36?

Can't decide if buying a Suzuki is better or worse than a Mitsub.

What idiot would buy a Mitsubishi?

 

[SwampSurvivor]

I think that I would be making a call to the AG's of your state consumer fraud division and put it on the record.

When dealing with a Nissan Dealership that didn't want to sell us the car , as soon as I brought up reporting them to the state AG office they had the paperwork all figured out in 20 minutes .

 

[Tdbo]

When dealing with a Nissan Dealership that didn't want to sell us the car , as soon as I brought up reporting them to the state AG office they had the paperwork all figured out in 20 minutes .

Things usually get real at that point.

 

[Johnny248]

I bought a new car on January 31st
I got a low interest manufacturer loan through Santander Bank..

Dealer told me first payment would be on 3/16... No bill or payment book came. I called my salesperson who claimed if I ever needed anything he is there for me..lol as usual.

His response...that's bizarre....
I called the finance manager and she told me they had a "funding delay"
I asked her why, no real answer...

She tells me they will make my first payment and I can reimburse them.
I said I don't want any of this against my credit. She said it wouldn't be.

I called Santander bank and they had no record of me or the transaction.
I called them so I could pay online.

My guess is the dealer is holding the sale back for some manufacturer incentive or something shady???

Any ideas?

floorplan?

 

[SwampSurvivor]

Things usually get real at that point.

We were trying to finance the car off-lease to buy it. The dealer wouldn't work with our bank and kept suggesting that we finance with them. Then I tried just paying outright for it with a certified check off of my bank account ... and they kept suggesting that we finance with them.

That's illegal in my state. I don't think they were expecting me to know that.

 

[Zee09]

Update...

Just now I got a bill via mail.
The payment was due 3/16 so the bill wants two payments. May I guess on 4/16 they will want another? Calling them now..

 

[KCJeep]

What happened to "don't worry about it we'll make your payment"?

 

[Zee09]

It took awhile for them to get it.
I sold the dealership out and kept all correspondence. One payment due only....no other fees....

 

[Zee09]

I signed up for autopay and did not receive a notice so I just called and no payment is due until May 15..
A month skipped..... why no idea...

 

[ARCOgraphite]

I signed up for autopay and did not receive a notice so I just called and no payment is due until May 15..
A month skipped..... why no idea...

I just bought a car and pleaded with the finance lady to use Service CU as I was with them on my Ford and they were great in all aspects.
Nope, got them Chase scoundrels. I pushed back but she said semi-shouted "How many times do you want me to do a hard credit pull!?"
Later that week, I was on the phone for hours to the CHASE India call centre trying to fix their horrendous multi-layered and multi factor logins that were fine one day and no worky the next day. Then later trying to find a proper address for ACH transfers. Every place I looked I got a different response and address.

I NEVER allow any lender to PULL money from my checking account. I only push by ACH. I finally gave up and used the default Santander billpay drop down choice. It worked(!), Money was moved and received by JPMCHASE in <24hrs.

But I am going to remake it. Maybe next month. Crummy Chase rate, Crummy customer service. I told them I have all my money hidden in a big dry hole, but they didn't listen or want photographic evidence.

Zee, I also have Banco Santander España. Up here in N.H. they don't write home mortgages, HELOC or Auto Loans anymore.
Just some pricy signature loans. Maybe I have to look again or call my girl at the branch.

Arco

 

[Zee09]

I just bought a car and pleaded with the finance lady to use Service CU as I was with them on my Ford and they were great in all aspects.
Nope, got them Chase scoundrels. I pushed back but she said semi-shouted "How many times do you want me to do a hard credit pull!?"
Later that week, I was on the phone for hours to the CHASE India call centre trying to fix their horrendous multi-layered and multi factor logins that were fine one day and no worky the next day. Then later trying to find a proper address for ACH transfers. Every place I looked I got a different response and address.

I NEVER allow any lender to PULL money from my checking account. I only push by ACH. I finally gave up and used the default Santander billpay drop down choice. It worked(!), Money was moved and received by JPMCHASE in <24hrs.

But I am going to remake it. Maybe next month. Crummy Chase rate, Crummy customer service. I told them I have all my money hidden in a big dry hole, but they didn't listen or want photographic evidence.

Zee, I also have Banco Santander España. Up here in N.H. they don't write home mortgages, HELOC or Auto Loans anymore.
Just some pricy signature loans. Maybe I have to look again or call my girl at the branch.

Arco

So far they have been a fiasco.
I think the dealer created the mess but both aren't giving me much faith.
Good luck Arco

 

[Stumpalump]

Oh my! Do you mean people still get car loans? Buy this book first.
https://store.ramseysolutions.com/m...MIicDttrzkjAMVRhJECB2SwTjFEAAYAiAAEgJUz_D_BwE

 

[rijndael]

Oh my! Do you mean people still get car loans?

Heck yea, I'll pick a car loan every time if it's 3% and under.