Can a dealership ask my daughter to resign on her car loan for a higher rate?
Can the dealership change the interest rate on a car loan after we signed? My daughter bought a car on Saturday and the dealer said her rate would be less than 3%. On Monday, the dealer called and said that they needed her to come back in and resign on the car for 3.75%. This doesn’t sound right to me.
As far as the difference in interest rates, .75% is not going to make a noticeable difference in her payments or her terms.