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Old 09-04-2010, 05:21 AM
41 posts, read 152,475 times
Reputation: 25


I'm in the process of buying a car from a dealer in another state. Sale price has been agreed upon, so I gave the go-ahead yesterday to move to the financing stage. I have secured financing through another source, but the interest rate is on the high side (my credit score is just shy of "prime" territory, so suffering the consequences of that), so wanted to see what the dealer could offer.

How long should it take to hear back from my salesman on this? I submitted the application online mid-morning Friday.

Also, for anyone who might know, how does the logistics of the tax-tag-title deal work when buying from another state?
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Old 09-04-2010, 09:49 AM
Location: Eastern NC
18,096 posts, read 16,624,381 times
Reputation: 15938
Last time I bought a car from the dealer and financed with them, it took less than 30 minutes. Actually the last 2 times, one new one used, took less than 30 minutes.

I think it is time for you to call them and find out whats going on.
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Old 09-04-2010, 12:07 PM
Location: Say-Town! Texas
968 posts, read 2,098,739 times
Reputation: 565
when i went to buy my car, i negotiated everything over the phone, had a friend drive me to the next city on friday. i had my paperwork, but they didn't have the banks paperwork, i had to grab a hotel room at 7 on friday and then i had to wait 4 hours the next morning for my damn "loan officer" to fax the necessary paperwork on saturday, she was just being lazy.

get on them. stay on them. my credit union (gave me a great rate, but i wouldn't finance with them again) tried to tell me i'd have to wait till monday after i had already signed everything on thursday to buy this car on friday. i spoke to her manager, her mangers manager, and i finally drove home at 11 o'clock saturday.

don't let them stall on you, the dealership wants to sell you that car immediately.
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Old 09-04-2010, 12:31 PM
Location: Los Angeles
255 posts, read 688,334 times
Reputation: 126
Manufacturer financing should be within minutes.
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Old 09-05-2010, 09:32 AM
41 posts, read 152,475 times
Reputation: 25
Yeah, unfortunately, I fall into the subprime (barely) category. Honestly, if this car wasn't such a deal I would have walked away from the dealer yesterday. Finally got them on the phone after I threatened to walk and then we talked numbers.

Until I sign on the dotted line on the Buyer's Order, can I continue to seek alternative financing in an attempt to come up with a better deal? Or does my verbal -- let's go with yours -- on the phone last night to the salesman commit me in any way?

Finally, is a $595 dealer fee reasonable? He says it's the same all over the state (FL), but I'm wondering if I shouldn't investigate that further. The guy also said stuff like gap insurance is "federally regulated" and he'd pay the same price as a consumer that I will. Of all the "extras", gap insurance is really the only one that appeals to me.
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