- First Name
- Marcus
- Joined
- Jun 13, 2021
- Threads
- 6
- Messages
- 853
- Reaction score
- 1,190
- Location
- Laguna Woods, Ca
- Vehicle(s)
- Bronco, Triumph Thunderbird Commander 1700
- Your Bronco Model
- Base
PS, the reason for the credit application is to take the "I can't get financing, so give me my deposit back" excuse for a refund away by having you sign that your buying with cash or "proving" you can finance the purchase.
It's the opposite from a Real Estate offer that is contingent on financing being approve, here you just have to say your willing to finance and "here is the proof I can" if they don't run it, it doesn't matter because you signed your deposit away when YOU said you can finance, not the bank. So be sure you can actually finance that $50,000 Bronco before you lay down a $1,000 non-refundable deposit.
Fudge one thing on the application and kiss your deposit goodbye if you can't qualify or be prepared for some scary finance options and high rates.
It's the opposite from a Real Estate offer that is contingent on financing being approve, here you just have to say your willing to finance and "here is the proof I can" if they don't run it, it doesn't matter because you signed your deposit away when YOU said you can finance, not the bank. So be sure you can actually finance that $50,000 Bronco before you lay down a $1,000 non-refundable deposit.
Fudge one thing on the application and kiss your deposit goodbye if you can't qualify or be prepared for some scary finance options and high rates.
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