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Old Oct 2, 2008 | 12:56 PM
  #17  
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MoparToYou
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Default RE: Tightening of Credit?

No problems here. I bought the car late in the day on a Saturday, and didn't finally sign the papers until just after 5 PM. The banks were already closed, but the dealer let me take the car home that night anyway. The loan was huge because there was no trade in, and I only put $5000 down. So I thought for sure I would be getting a call from the dealership on Monday. I had also heard about how tight the banks were getting with loans. On Monday I did get a call from the dealership, but it was because the bank had given me a better interest rate (3%, instead of 3.75%) and they needed me to sign the new credit application for the lower amount. I guess the credit mess isn't as bad as you would think by watching the TV news every night.

MoparToYou
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