"I never got a bill for my car loan. What do I do? "

"I bought a new car online three months ago. Financing was provided by the dealer and supposedly handled through a credit union at three percent interest.

The credit union has no record of agreeing to finance the car, and the dealer keeps saying that they’re looking into it. I really like the car and want to pay for it. How should I handle this?

"

Answer
“What is most likely happening is that the dealer thought they could find you financing through the credit union, but the deal fell through and they had to get you financing with another lender. Don’t stress out about it, but you should keep calling the dealer until you find out who to pay.
Also, you should be putting your monthly payments aside every month for when they do finally get this worked out. It seems like it’s the dealer’s or lender’s error, so you shouldn’t be penalized with fees, but they will likely expect you to have all of the back payments. “
avatar
Johnny Puckett
Answered on May 11, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings — it's 100% free