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    caloeh's Avatar
    caloeh Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 29, 2006, 03:01 PM
    Auto financing denied
    I recently took a car out of a dealer leaving downpayment, thinking that I was approved for the financing, but I just received a letter stating that my fanancing was not approved.
    What can happen now and what could I do?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 29, 2006, 03:55 PM
    You need to return the car. If the financing deal was through the dealer they should either find alternative financing or refund your down payment.
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