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dealership contract and new auto loan

4 messages, Last post on Sep 03, 2009 at 5:52 AM
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I had applied for an auto loan through Penfed for their 3.99% APR, and was denied the loan. So I purchased the car with the dealership offered rate which was significantly higher. After doing some research, I found that Penfed allowed reconsideration of loan applications. On reconsideration, my loan was approved and they sent me a check in mail made out to the dealership and me. Now how do I void the dealership contract and make Penfed the lienholder on my title. Who possesses my title at this point? Its been Nine(9) days since I signed the contract and bought the vehicle. Penfed requires me to send them the title and signed promissory note within 30 days. Is that enough time to get the title transferred to them?
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Replying to: tornadog (Aug 05, 2009 4:32 am) tidester, host SUVs and Smart Shopper |
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On August 8 I agreed to purchase a new Nissan Murano in Pennsylvania and provided all paperwork for my '97 Explorer to qualify for the CARS program. I made a $500 deposit and got an invoice with a VIN number and $4500 trade-in credit. Delivery was promised on Aug 17. On 8/28 delivery was promised on 9/25, on 8/31 I was told that the car had be sold to someone else. Now the CARS program have ended the dealer is willing to sell me an equivalent Murano but without the $4500 trade in value for my Explorer. Can I enforce the original contract? How would I find out?
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Replying to: grantnorris (Sep 03, 2009 3:37 am) |
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