I posted this on the Ask Car Sales Subreddit, but it didn’t really yield a lot of answers. I hope this fits here:
At the beginning of July, my wife and I bought a car. We weren’t exactly in the place to buy one, but our car broke down so we needed one. We ended up getting a halfway decent car, with an okay rate. Payments are high, but I want to be done paying for the car as soon as possible.
Almost non-stop since I bought the car, the dealership has been asking for more information from us- current pay stubs, proof of address, proof of insurance, binders, phone bills with our phone numbers listed on them, etc. We’ve had to go in and sign more paperwork as well. A little overwhelming, but not super out of the playing field when getting a loan for something.
Today, I got a phone call from the dealership asking us to come in tomorrow with 3 paystubs to sign a new set of paperwork, because they “Got us a better rate on our car.” That immediately seemed strange to me, because I’ve never heard of a dealership doing this. I obliged, and said we would be in first thing. Then a few hours later, they called back and requested that I send in my paystubs “immediately.” Which I also did. But shortly after that, my credit and my wife’s credit was ran 8 separate times, and I got emails from different banks letting me know my credit was ran through them.
Did the original lender back out of the deal? And now is the dealership trying to pull a Hail Mary and get us a new lender before tomorrow? It’s almost midnight and I’m still getting emails about my credit being ran. This just seems awfully strange to me. Or am I being silly?
I’ve bought 3 different cars through dealerships, this is the 2nd car I bought through this dealership.
Submitted August 14, 2021 at 02:19AM by Tlr321 https://ift.tt/3g4r6E1
