Quote:
Originally Posted by bagofpucks
Coming to the CP hive mind...
Friends of ours made an absolute horrible decision and bought a very expensive SUV and also received $8K cash back as part of the loan. 4 months later the vehicle has been repossessed. They believe they are in the free and clear since Alberta is a “sue or seize” province, but I can’t imagine they are off the hook for the cash back loan, right?
Anyways, anyone have more info on this?
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It's too late to go through this thread for any info but i'll chime in and say it takes at a
minimum 3 months after missing a car payments to have it legally repossessed, If true,your friends didn't make a absolute horrible decision they scammed a dealership and didn't pay a dime for that SUV.
But for me I would really love to know what dealership allows you to drive an expensive SUV off their lot with an $8k check in the dash, cash backs are usually just a term, they go towards the price of the vehicle or sometimes just in the form of options.