More bad news for Dodge/Chrysler??

[AutobahnSHO]

So a friend travelled to another Dodge dealer (since Augusta Dodge/Chrysler shut down,) and supposedly got a good deal on a Journey (for his wife.  )
$17k for a vehicle supposedly $23k MSRP.

He drove it a week then had to take it back Friday.
Supposedly the bank said they weren't going through with the loan. On ANY Chrysler vehicles.

That doesn't seem to bode well.!...

[BimmerM3]

Whoa, what? It doesn't seem like the fact that Chrysler made the car should have anything to do with it. Once the car is purchased, the guy owes the bank money. Not sure where Chrysler comes into the occasion. Maybe the bank is worried that if they have to repossess the car, they won't be able to sell it?

[TBR]

Whoa, what? It doesn't seem like the fact that Chrysler made the car should have anything to do with it. Once the car is purchased, the guy owes the bank money. Not sure where Chrysler comes into the occasion. Maybe the bank is worried that if they have to repossess the car, they won't be able to sell it?

That seems like a likely explanation.

[Eye of the Tiger]

Chrysler was just purchased by Fiat. What's the big deal now?

[dazzleman]

So a friend travelled to another Dodge dealer (since Augusta Dodge/Chrysler shut down,) and supposedly got a good deal on a Journey (for his wife.  )
$17k for a vehicle supposedly $23k MSRP.

He drove it a week then had to take it back Friday.
Supposedly the bank said they weren't going through with the loan. On ANY Chrysler vehicles.

That doesn't seem to bode well.!...

That's surprising.  They must be worried about resale in the event of a repo.  I wonder if they'd do it with a bigger down payment, or a shorter loan term, so there'd be less upside down risk.

[Catman]

Going through with the loan? They already finished the deal?

[sparkplug]

Use another bank.

[TBR]

That's surprising.  They must be worried about resale in the event of a repo.  I wonder if they'd do it with a bigger down payment, or a shorter loan term, so there'd be less upside down risk.

Or perhaps it's a smaller bank whose principal resents Chrysler's use of federal funds? Doesn't seem like that would be legal though.

[AutobahnSHO]

I'll get the skinny monday and see what's up.

He was skipping work Friday afternoon to take care of it and supposedly was getting a different vehicle at the same dealership, so it COULD all be hearsay...

[dazzleman]

I'll get the skinny monday and see what's up.

He was skipping work Friday afternoon to take care of it and supposedly was getting a different vehicle at the same dealership, so it COULD all be hearsay...

Greg's right though.  It doesn't make sense that he was driving the car a week before the bank declined the financing.  I've never known of a case where you can take possession of the car at all until the dealer has received the loan proceeds from the bank.

[TBR]

Greg's right though.  It doesn't make sense that he was driving the car a week before the bank declined the financing.  I've never known of a case where you can take possession of the car at all until the dealer has received the loan proceeds from the bank.

A family friend took home their Expedition a couple of days before it was actually paid for it (whether they financed or paid cash I don't know, the latter is certainly possible).

[AutobahnSHO]

We sorta drove a Hyundai for a week before they (the bank) realized my Mother in Law was the "principal" buyer, that we were actually going to be driving it, with us making the payments.  (my credit sucked, wife didn't have any..)

The dealer took the car back without us owing a penny for the week's mileage.

[Onslaught]

Greg's right though.  It doesn't make sense that he was driving the car a week before the bank declined the financing.  I've never known of a case where you can take possession of the car at all until the dealer has received the loan proceeds from the bank.

My Aunt took home her loaded 4Runner without paying or putting her John Hancock on any paper. Had it for over a week before giving them anything. Could help that she has big tits and dressed like a slut when she went to look at it.

[dazzleman]

My Aunt took home her loaded 4Runner without paying or putting her John Hancock on any paper. Had it for over a week before giving them anything. Could help that she has big tits and dressed like a slut when she went to look at it.

[Morris Minor]

I wrote a personal check for my son's Infiniti, which took days to clear my bank, long after I had possession of the car. Of course I'd signed my life away, including liability for the costs of any repossession and, as the salesman said, "We know where you live."

[SVT666]

My Aunt took home her loaded 4Runner without paying or putting her John Hancock on any paper. Had it for over a week before giving them anything. Could help that she has big tits and dressed like a slut when she went to look at it.

Got pictures?

[Onslaught]

Got pictures?

Posting pictures of my aunt would be kind of strange. It be like posting pictures of a sister so all the guys could make jokes about doing her.

I'm not German. 

Anyway, she's in her 50's now and while she's still in great shape for a woman that old she's not internet material. Back a few years ago I could see it.

[r0tor]

try a different bank.. 2 weeks ago my uncle bought a $39k Dodge Ram Hemi 4-Door for $27k and got a loan for it

[S204STi]

Whoa, what? It doesn't seem like the fact that Chrysler made the car should have anything to do with it. Once the car is purchased, the guy owes the bank money. Not sure where Chrysler comes into the occasion. Maybe the bank is worried that if they have to repossess the car, they won't be able to sell it?

+1, this makes no sense at all.

[sportyaccordy]

Greg's right though.  It doesn't make sense that he was driving the car a week before the bank declined the financing.  I've never known of a case where you can take possession of the car at all until the dealer has received the loan proceeds from the bank.

I drove my Maxima for about 2 days before I brought the money in. W/Chrysler I am sure now they are lending out cars for months just in the hopes that someone purchases it.