AboutShari Expertise I can answer most all your questions regarding financing and leasing of new and pre-owned vehicles. I can give you the dealer secrets to make it a more pleasant experience for you. Also, what you should look for in buying a pre-owned vehicle. You should have all the knowledge possible before walking into a dealership.
Experience I have owned and operated dealerships for over 30 years. Currently work as a consultant for Dealerships training their sales people. Have a nationwide leasing company.
Question Last Thursday evening I found a new car at a dealership. We did the paperwork and they gave me the keys. I told them I would wait until I knew all the loan information went through. They told me it would be no problem and sent me on my way with the car. Yesterday, they called and told me they wanted me to have a co-signer on the loan. I told them no. What happens now (I live in MN)?
Answer Dealers do that Denise, put you in a vehicle hoping to get the financing done. They are fairly sure you won't give it up but find a co-signor because they make more money.
Tell them you don't have a co-signor and see where it goes. You will have to give up the vehicle if they don't find financing.
