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The bank didn't aprove us but the dealer still gave us the car

JagsTJagsT Posts: 12
edited July 12 in Ford
So i posted a post about this not long ago where i was skeptical that i got car spot scammed and today we got a letter saying the bank didn't accept us but they offered us some new terms

Loan Amount: 13,770
Term 72
Rate 6.4%

So do i have to return this truck was around $14,000
The bank is Pifcu
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Comments

  • kyfdxkyfdx Everywhere, USAPosts: 127,848
    JagsT said:

    So i posted a post about this not long ago where i was skeptical that i got car spot scammed and today we got a letter saying the bank didn't accept us but they offered us some new terms

    Loan Amount: 13,770
    Term 72
    Rate 6.4%

    So do i have to return this truck was around $14,000
    The bank is Pifcu

    If you don't like the terms, take the car back. It's as simple as that.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • JagsTJagsT Posts: 12
    kyfdx said:

    JagsT said:

    So i posted a post about this not long ago where i was skeptical that i got car spot scammed and today we got a letter saying the bank didn't accept us but they offered us some new terms

    Loan Amount: 13,770
    Term 72
    Rate 6.4%

    So do i have to return this truck was around $14,000
    The bank is Pifcu

    If you don't like the terms, take the car back. It's as simple as that.
    We went back to the dealer today to ask if we got really declined and they said No that we didn't get declined but a different bank accepted us it was just this bank that didn't accept us
  • MichaellMichaell ColoradoPosts: 121,216
    JagsT said:

    kyfdx said:

    JagsT said:

    So i posted a post about this not long ago where i was skeptical that i got car spot scammed and today we got a letter saying the bank didn't accept us but they offered us some new terms

    Loan Amount: 13,770
    Term 72
    Rate 6.4%

    So do i have to return this truck was around $14,000
    The bank is Pifcu

    If you don't like the terms, take the car back. It's as simple as that.
    We went back to the dealer today to ask if we got really declined and they said No that we didn't get declined but a different bank accepted us it was just this bank that didn't accept us
    If they are asking you to sign a new contract, and you don't like the terms of it, no obligation to sign. You can return the car and walk away completely.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • JagsTJagsT Posts: 12
    Michaell said:

    JagsT said:

    kyfdx said:

    JagsT said:

    So i posted a post about this not long ago where i was skeptical that i got car spot scammed and today we got a letter saying the bank didn't accept us but they offered us some new terms

    Loan Amount: 13,770
    Term 72
    Rate 6.4%

    So do i have to return this truck was around $14,000
    The bank is Pifcu

    If you don't like the terms, take the car back. It's as simple as that.
    We went back to the dealer today to ask if we got really declined and they said No that we didn't get declined but a different bank accepted us it was just this bank that didn't accept us
    If they are asking you to sign a new contract, and you don't like the terms of it, no obligation to sign. You can return the car and walk away completely.
    Thats the thing they didn't tell us we had to sign a new contract or anything they just said that you were accepted by a different bank and not this bank that mailed us the paper
  • MichaellMichaell ColoradoPosts: 121,216
    JagsT said:

    Michaell said:

    JagsT said:

    kyfdx said:

    JagsT said:

    So i posted a post about this not long ago where i was skeptical that i got car spot scammed and today we got a letter saying the bank didn't accept us but they offered us some new terms

    Loan Amount: 13,770
    Term 72
    Rate 6.4%

    So do i have to return this truck was around $14,000
    The bank is Pifcu

    If you don't like the terms, take the car back. It's as simple as that.
    We went back to the dealer today to ask if we got really declined and they said No that we didn't get declined but a different bank accepted us it was just this bank that didn't accept us
    If they are asking you to sign a new contract, and you don't like the terms of it, no obligation to sign. You can return the car and walk away completely.
    Thats the thing they didn't tell us we had to sign a new contract or anything they just said that you were accepted by a different bank and not this bank that mailed us the paper
    I'm not a lawyer, nor do I play one on TV, but I believe that in order to have a valid contract it must be signed by both parties. I would reach out to the general manager of the dealer and ask for clarification.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • JagsTJagsT Posts: 12
    Michaell said:

    JagsT said:

    Michaell said:

    JagsT said:

    kyfdx said:

    JagsT said:

    So i posted a post about this not long ago where i was skeptical that i got car spot scammed and today we got a letter saying the bank didn't accept us but they offered us some new terms

    Loan Amount: 13,770
    Term 72
    Rate 6.4%

    So do i have to return this truck was around $14,000
    The bank is Pifcu

    If you don't like the terms, take the car back. It's as simple as that.
    We went back to the dealer today to ask if we got really declined and they said No that we didn't get declined but a different bank accepted us it was just this bank that didn't accept us
    If they are asking you to sign a new contract, and you don't like the terms of it, no obligation to sign. You can return the car and walk away completely.
    Thats the thing they didn't tell us we had to sign a new contract or anything they just said that you were accepted by a different bank and not this bank that mailed us the paper
    I'm not a lawyer, nor do I play one on TV, but I believe that in order to have a valid contract it must be signed by both parties. I would reach out to the general manager of the dealer and ask for clarification.
    Also i read that If you got a paper named borrowed Car Agreement and i don't have that in my signed paperwork is that also a good chance then that i am not scammed?
  • 2007vert2007vert Posts: 10
    It's probably because they submitted your credit app to multiple banks. One declined and one approved. The one that declined sent the letter and you got the car on the bank that approved.
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