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I got a letter in the mail saying that I was denied dealer financing three weeks after I bought the car. What should I do?
What should I do if I received a letter my financing was denied? The dealership has not contacted me in any other way and I have received all of my paperwork from the lender.
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“The requirement that dealerships send that letter out is so strict that a lot of dealerships would rather send it to someone that doesn’t need it than to not send it to someone that does.
These letters get sent out all the time by mistake, but just to be sure, you should call the lender to verify that you were approved and that you are in good standing.
Then you should call the dealership to let them know their mistake so that you can enjoy your
new car
worry free.” View full answer
- Gregory R.
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