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Old 12-21-2008, 01:49 AM   #29
oilman930
 
Drives: 2009 Yaris S Hatchback
Join Date: Jun 2007
Location: Philadelphia, PA
Posts: 33
The dealership sold you a car using the technique called a "spot sale". This practice is illegal in in few states because of the problems that you ran into.

While the dealership ran a credit check on you for the two hours that you were at the dealership, that isn't enough time for the banks that deal with the dealership to run your credit and come back with the proper term for a loan.

I am glad you were able to work it out with the dealership. A word of advice for anyone who wants to buy a any car from the dealership. They should expect to wait anywhere from 5 to 7 days from the time of picking out the car to actually driving it off the lot. Just to make sure that all the paper work is done properly and that all the terms of the loan are worked out by the bank.

Enjoy your new car.
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