Can some 1 please help with my question? Automobile Dealerships Big Dealerships?

I live in Cherokee Village 3 hours from Springfield, and that’s where i got this car. Well i have it in my drive way right now, and had it for 4 days. They ran my credit, and it was good, but i had 3 loans out, and they were showing up as auto loans. 1. a personal loan i put a vehicle up for collaterial, and the other was for a motorcycle for my husband, and the other is for a vehicle that i totled out, and hopefully incurance is going 2 help with that. So actually 2 loans out. Anyways the people let me take the vehicle home, and i have the Bill of sale, and all the other paper work, when u get an automobile. They said they are still trying 2 get a lender for this car, and i am afraid they are gonna come, and get the car if they can’t find one, but then again wouldn’t they have allready come, and got the car. I mean i am putting miles on the car everyday. So i am asking all of u good people for your advice. Can u help me with this? Thanks very much. Gaylon

What they have done is called a spot delivery this lets you have the vehicle while they seek someone to finance your loan.

They will call you back at some point and either resign you to a new contract or ask for more down payment or simply take you out of the vehicle.

Any down payment you may have made must be refunded they can charge you mileage but that’s it.

Depending on how good your credit is many lenders do allow multiple vehicle accounts per person. So until you here back from the dealer don’t worry.

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