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TEAM SHELBY FORUM

officially closing the deal/contracts


BadTony

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has anyone here pre-closed the deal (signed contract and all paperwork, started making payments etc..) on their Shelby prior to actually arriving at the dealership. If so, at which point does this become a possibility?

What where your experiences?

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has anyone here pre-closed the deal (signed contract and all paperwork, started making payments etc..) on their Shelby prior to actually arriving at the dealership. If so, at which point does this become a possibility?

What where your experiences?

 

I would think once you have a VIN you could enter into a contract. But most banks wont start a loan till the car arrives. Without any collatteral the loan would be unsecured, even with the COV the vehicle could still encounter a problem before it gets delivered, then who would be left holding the bag, the bank.

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has anyone here pre-closed the deal (signed contract and all paperwork, started making payments etc..) on their Shelby prior to actually arriving at the dealership. If so, at which point does this become a possibility?

What where your experiences?

 

 

And for what reason would you wish to ever do this, short of trying to secure a favorable loan rate?

 

:shift:

 

bj

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to close the deal so that the dealer does not try to sell vehicle out from under me

 

 

Do you have a contract for purchase? Do they have your down payment/"hold" money? Have they cashed a check? If you have it in writing, you're golden. Never, ever buy a car without inspecting it personally and don't start paying for something you don't have.

 

If you don't have anything in writing, all you need is a buyers order and them accepting your money. You don't need to buy the car. Your bank won't let you use it for collateral until you can get a title with their lien on it.

 

 

:shift:

 

bj

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