Trying to get financed

[dparel]

I've had a car for almost 6 weeks now and haven't been financed. I put down $750 and got $400 for my trade in. Any thought on why they take so long to get this done. My credit is a little below avg. with current delinquencies on it. Can they still take the car back? Will my car still be there and what about my down payment? Any help or advice will be great. Thanks. I work full time but the company I work for has an agency that starts you as a temp and then hires you on full time. The company is a large one and had a freeze put on last summer. It was just lifted but I am still waiting to get hired on. I'm sure this has something to do with it too.

[YogsVR4]

Color me confused. You put a down payment on the car and they let you drive it off the lot without signing any finance papers or getting a check from a bank (via a loan)? That doesn’t make any sense.

Is it possible you signed a finance agreement with the company you bought the car from but just haven’t received your payment book?

[dparel]

I signed paperwork but I guess after you leave is when they try to get you financed through a bank. One bank that almost approved me wanted some different terms and I had to resign my contract. I've received several decline letters from places they submitted my application to. They say submitted by Folsom Lake Ford on your behalf. I guess the lot reviews your credit report and see if they think they can get you financed through one of their banks. They thought they could but I guess they can't. I've had it since Christmas Eve. Someone else I knew had their vehicle for 2 months before a bank finally approved them. They too got many decline letters. I'm just hoping I get my down payment and what they gave me for my truck back so I can put it towards something else. I can't be vehicleless. Anyone else have any opinions on this?

[96aurora]

Not saying this to be rude, but you should have done some loan shopping before you decided to get the car you wanted. Just because you are buying a car through a dealer doesn't mean that you have to let them find the loan for you. Did the dealer tell you that your FICO score was below average or did you know this walking into the dealership? A little FYI, every financial institution that this dealership is presenting your info to is also pulling up your credit report. If you have received several decline letters, it is not helping you at all. In fact too many inquiries on your credit report will bring your FICO score down even more. You need to bring your FICO score up and establish some credit. Start paying off your delinquent loans and always make the minimum payments ON TIME! Credit card companies, banks and credit unions like to lend money to people if they have proven (through their credit report and FICO score) that they can pay them back and on time. As far as getting your deposit back, I would check with the dealer and check the contract that you signed. Your employment also should have nothing to do with the length of time you have waited; it is probably because of your FICO score. If you are able to get your deposit back, I would buy a cheap set of wheels that can help you get through while you improve your credit and pay off your delinquent loans.