Just curious how a bank is charging you interest when you have not used the check? Until the transaction takes place (ie. you give the dealer the check, its deposited, and bank has lien on title) the check is worthless. You can’t go to the bank and cash it….why, because there is no collateral. That’s why it has to be deposited by dealer and they place a lien on your title. Until that happens, no interest nor payments start.Alright, just like many of you that are reading this, I put my deposit on my bronco the first day I could last year. In May I get my vin and schedule for production. Fast forward to last Wednesday, and my Bronco is Delivered. Just like another dealer had advised me, I put the bronco on Ebay. Thursday evening I had a buyer lined up and ready to go. I was going away for the weekend so I waited until monday to have the Bronco delivered. Yesterday morning came and went without any contact from the dealership. So I messaged, and waited. Messaged and waited. Finally I get a response that the deal is on hold because the dealer is afraid I'm going to sell it to someone who "may" export it. I have a bill of sale, I have already done the loan at the bank and have a check in hand while getting charged interest on a vehicle I don't have. And I have the deposit on the Bronco. What can I do to get my Bronco?
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