Legal Question in Credit and Debt Law in Arizona

loan assignment period for automobiles

from date of purchase, how long does the dealership have to place loan, and what is the consumers rights should that time period lapse?


Asked on 11/25/07, 12:27 pm

1 Answer from Attorneys
William Fife Law Office of William Fife PLC

Re: loan assignment period for automobiles

I am unaware of any period of time for a dealership to place a loan. Do not take home a new or used car before financing is approved. This practice is called �spot delivery� and is designed to �lock you in� to a purchase. If your financing is not approved,you could lose your down payment. There is no three-day right to cancel for new or used cars in Arizona.

Read more
Answered on 11/25/07, 6:26 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Arizona