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https://www.edmunds.com/car-loan/dont-fall-prey-to-spot-delivery-scams-and-yo-yo-financing.html
The issue arises because most banks can't approve loan applications at night or on the weekends, which is when many cars are sold. With a spot delivery, a dealer begins the loan application and lets the customer drive away in the car. When the banks reopen, lenders review the applications and approve or …
https://www.liveabout.com/what-is-the-spot-delivery-532744
Jul 27, 2018 · If you did not buy the car -- a true spot delivery without approved financing or transfer of ownership -- you can return if for a refund of your deposit and a return of your trade-in. It doesn't matter if you've been driving the new car ; the dealer essentially loaned it to you.Author: Aaron Gold
https://www.autocheatsheet.com/car-dealer-scams/spot-delivery-car-dealer-scam.html
A spot delivery is when a car dealer does not officially have a customer approved for a car loan but has them sign the contract anyway. The dealer will have the customer sign all the paperwork and take delivery of the car. This leads the customer to believe their loan has been approved and the car deal …
https://www.insider-car-buying-tips.com/spot_delivery_scam.html
Spot Delivery Scam. This scam involves contracting a car buying customer and letting the customer take delivery of the vehicle without having an actual lender approval in place. This can lead to a costly and often times humiliating situation for the customer the next day or even weeks down the road.
https://www.carbuyingtips.com/top-10-scams/scam1.htm
May 28, 2019 · They call this the spot delivery scam because you took delivery of your new car using on the spot financing. This really means you drove off with the car before financing was complete, even though I bet you thought it was complete.
http://www.realcartips.com/carloans/405-car-financing-spot-delivery-scam.shtml
One of the most common car dealer tricks is called the Spot Delivery Scam. This is when the dealer arranges the financing, lets you take the car home, then calls you up several days later informing you the financing fell through and you need to bring the car back.
https://www.lemonlaw.com/spotdelivery.html
The industry has given it a name: Spot Delivery, a description which refers to the dealer placing a consumer in a car "on the spot," to get the sale, only to "yo-yo" them back at a later date for additional funds. Played to perfection, a dealer can reap thousands of dollars in unearned fraudulent gain. What You Should Know About Spot DeliveryEmployees: 100-500
https://www.theconsumerlawgroup.com/library/consumer-law-beware-of-the-spot-delivery-technique.cfm
The "spot delivery" is a technique that car dealers use to get you to take delivery of a vehicle immediately after you agree on a car deal. But be warned: Just because you put down cash and roll away from the dealership with a new vehicle doesn’t mean you’ll get to keep driving it.Location: 1508 Willow Lawn Drive, #220, Richmond, 23230, VA
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