Was this car dealer taking me for a ride?
December 26, 2013 12:12 PM Subscribe
Does auto financing ever fall through after a car has been driven off a lot? Dealer tells me this is a usual situation.
posted by gfrobe to Grab Bag (13 answers total) 3 users marked this as a favorite
I was recently at a well known local authorized Honda dealership negotiating the price on a certified used Civic. When I checked the CarFax for the vehicle, it showed that it was purchased on November 1 (from the dealer I was at) driven roughly 2000 miles and then offered for sale again by the same dealer just two weeks later. So obviously the car was returned during those two weeks. When I questioned this, the dealer told me the buyer's financing had fallen through after the fact (he had apparently lied about this income) so they had to take the car back. This sounded fishy to me so I asked to speak to the head guy on duty, who told me that was indeed the case and that it happens quite frequently. Does this sound right? The whole thing seemed strange and I ultimately didn't buy the car because of it but am still wondering if this was legitimate.