HELP! The car loan was denied after I already bought the car!?

[SaberOne]

Same thing happened to me when I was young, so apparently it’s more common than I realized. Hate to admit it, but I was so gullible, that I fell for it.

 

[CanAmAndMore]

Happens all the time with vehicle purchases.

New to me is all I guess.
Didn't think driving off till paid for in full, or financing was approved, was a thing.
Sounds risky.

 

[Hall]

Sounds risky.

In what way and for who ? The dealer will make you sign an "agreement" that you'll return it if there's any hiccups. They know where you live and work and worst case, they repo it.

 

[John105]

There’s probably a way to keep the vehicle and make people with good credit cover it

 

[tblt44]

Return the car or hey can lower the price to get you in it

 

[dogememe]

I’ve happily had the car for like two months, all is well folks.

 

[CanAmAndMore]

In what way and for who ? The dealer will make you sign an "agreement" that you'll return it if there's any hiccups. They know where you live and work and worst case, they repo it.

In what condition do they get it back though.