New owner with big problem
Been lurking for a while, this problem has spurred me to join in, hope there is some positive advice out there... We are first time RV owners and bought a motorhome from out of state dealership 8hr...
Forum Discussion
BurbMan wrote:goducks10 wrote:
His bank cancelled the loan. So he would have to get financing again. I'm sure when the bank called the dealer the price would've been $9500.00 higher.
The bank had no reason to cancel the loan...if the buyer applied and was approved, then the loan is funded. The bank makes money from lending money, not selling vehicles, they would have had no reason to cancel the loan. Again this is just the dealer trying to intimidate the OP, just as vulcaneer describes with "you'll hear from our lawyer."
Regardless of why it was cancelled he would have to get another loan for the same RV at the new higher price. Had the loan not been cancelled he could've stood his ground. I believe he said he was on the phone with the bank, so whether the bank or the dealer cancelled the loan, it was in fact cancelled.
