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Old 03-31-2008
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Join Date: Mar 2008
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Default I specify the car loan with certain bank, when bank declined, can dealer...

...force me to purchase the car? I entered a Motor Vehicle Sales Contract with a car dealer, I specify that the loan has to go to my credit union on the contract. When my credit union declined my loan, the car dealer said I am still obligate to purchase the car, because they have the right to assign my loan to any institutions they want as long as the interest rate dosen't exceed the contract rate. I don't agree with them because under the state law it's illegal to seek multiple agreements on the car loan. Any helps on this issue will be greatly appreciated. I am too poor to go further on this legal battle with the dealer.
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Old 03-31-2008
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Yeah i think you are right. If your back declined you. Go up to the car dealership and tell them look i don't want to get a car fro m you guys
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