Loan Documents

ltypd · 10-02-2011, 02:40 PM

About to pick up my new georgetown in buffalo and the dealer sent me the loan documents by fed ex. They want me to sign and return them prior to delivery. Isn't that something that should be done upon delivery and after i have done the PDI? Is this normal business practice for the RV industry ? Any advice would be appreciated

Malco · 10-02-2011, 02:48 PM

I don't know about the higher end rv's but we just had to make a deposit when ordering ours,I don't think I would want to actually have a loan on something I did not see right in front of me first.There may be some sort of problem or defect and the one with the cash has the power.

essness · 10-02-2011, 03:11 PM

I routinely arrange financing over the internet. This is the way it works. You sign and return the documents and they send you a check that you present to the dealer upon satisfactory completion of the deal.

ltypd · 10-02-2011, 03:19 PM

Quote:

Originally Posted by essness

I routinely arrange financing over the internet. This is the way it works. You sign and return the documents and they send you a check that you present to the dealer upon satisfactory completion of the deal.

This is a little different as the financing is being arranged through the dealer . In reality, i would be giving them the check before receiving the motorhome

LFugate · 10-02-2011, 04:20 PM

Quote:

Originally Posted by ltypd

About to pick up my new georgetown in buffalo and the dealer sent me the loan documents by fed ex. They want me to sign and return them prior to delivery. Isn't that something that should be done upon delivery and after i have done the PDI? Is this normal business practice for the RV industry ? Any advice would be appreciated

I've never had them try that with me. I sure wouldn't do it if they did. Loan should be signed after you inspect the product you're purchasing.

essness · 10-02-2011, 04:27 PM

Quote:

Originally Posted by ltypd

This is a little different as the financing is being arranged through the dealer . In reality, i would be giving them the check before receiving the motorhome

I would find that suspicious. When I finance with the dealer, the loan papers are signed when you take delivery.
I would ask the questions and sign the papers at delivery if the dealer is arranging the finacing.

chadster1 · 10-02-2011, 04:52 PM

Quote:

Originally Posted by ltypd

This is a little different as the financing is being arranged through the dealer . In reality, i would be giving them the check before receiving the motorhome

You understand it the same way I do. I would be on the phone with the dealer in the morning. There is no way I would sign the loan docs before I had a chance to inspect the product I was purchasing.