Donna F. asked
My fiancée, who is unemployed, emotionally unstable, and on medication for depression, was pre-approved for auto financing through Capital One and purchased a new car without verifying her income. She put down $3,500 and signed a conditional sales contract stating the sale is final when the lending institution approves the loan. What will happen to her down payment if the loan is rejected by the lien holder, and is the dealer required to refund this?
September 13th, 2023
Eric L. answered
If the loan is rejected by the lien holder, the dealer is not legally required to refund the down pa...
September 13th, 2023
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