Summary
A woman named Nat shared her experience on TikTok about buying a car from Keating Chevrolet in Conroe, Texas. She thought the deal was finalized, but the dealership kept contacting her for additional information, and eventually, they told her that the lenders had not approved her and that the car was not hers. Nat had to return the car and cancel the deal, which caused her credit to have several hard inquiries.
Our Reading
The habit gets a new name.
Conditional delivery agreements are the new “gotcha” in car buying. Dealerships promise you a deal, but it’s not finalized until they secure financing. And sometimes, that financing doesn’t come through. Just ask Nat, who thought she had a new car, only to have the dealership try to take it back.
Yo-yo financing is a real thing, folks. And it’s not just Nat who’s experienced it. Commenters on her TikTok video shared their own stories of dealership financing woes.
So, the next time you’re buying a car, beware of the conditional delivery agreement. It might just come back to haunt you.
And remember, if it sounds too good to be true, it probably is.
Author: Evan Null
