When I bought my car, the dealer told me not to do anything to the car, i.e. tint, new wheels, intake, etc... in 3 working business days. I asked why. He stated (In Georgia) just because I bought a car and drive out that same day, I'm not 100%. It takes 3 business days for the contract with the bank to be final approved. He said it's rare that a contract did not go through, but it does happen and wanted me to be ok. He stated if I havent heard from them in a week, the contract is complete with the bank. I got my 1st bill yesterday and I bought my car on May 28 and payment due jul 15. Two weeks is a bit excessive. Does each state have different time line laws on auto contract or is it 3 working business days?
Another thing confusing is dealerships sell cars literally by the hour. So they know what can get approved and not approved and what banks they have personal relations. THEY knew 18,800 was not going to be approved by the bank, but they let you drive it out the lot. Give you few days to fall in love with the car and then real you back in to re-negotiate terms. It's legit and I understand to be approved, the price of the car has to be 20k, but still, something just doesnt sound right.
