DWN payments?

[SMOKEDYA]

We bought a new jeep, but it's been 3 weeks ago now and they still havent taken the down payment out of my account. Does the dealer have a time frame to do so till they cant do anything in wahington state? peace




john

 

[h8my408]

why not ask the dealership what's going on with the payment?

 

[SMOKEDYA]

I tried but they never call me back? peace



john

 

[74courier]

you didnt buy from dick hannah did you?

 

[Repostyle]

Okay, here's what's going on. Basically, they haven't taken the money out of your account because they haven't found a bank to buy your loan yet. That could be because the paperwork on their end is slow or because of bad credit, but either way, that car is still theirs until they take that payment and can repo it at any moment. It's probably nothing to worry about, but that's what's going on.

I have a friend that her dealer did that to. Luckily for her she had buyers remorse and sighed relief when they couldn't get her financed. Saved her a $400 monthly payment she didn't really want.