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Can a bank take your newer car days after purchasing it?

I just bought me a newer car over the weekend. Credit and everything else checked out. And so the dealership gave me the car. I even put money down. This is a legitimate car dealership. Well, I thought it was weird that the bank called me today and wanted to go back over the entire application. Is that normal? I mean they can’t take it from me unless I don’t make a payment? I’m just a little worried about why they called and wanted to go back over my application for the car.

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Since writing this post Anonymous may have helped people, but has not within the last four (4) days.
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wanted, bank, car, called, application
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Dr. ralph club zps9ornptsl
DocteurRalph
last online: 10/23, 23:49
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(3 hours after post)
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How much did you put down? Sounds really shady to me... It might be that somebody at the bank just didn't fill out your information correctly, I wouldn't turn the keys over without a total refund at least.

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Sherlock by olga tereshenko d9qdidc
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I've heard of crap like this happening before--the finance institution comes back and wants a higher interest rate.

Tell the dealership that you don't go for monkey business, and that you signed a contract with them. If the bank wants to change the deal, they'll have to take you to court--and then you'll take both the bank and the dealership to court! And make sure it's reported far and wide in the media!

Tell them that and watch how fast they backtrack off that garbage!

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Anonymous
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(8 hours after post)
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I put $500 down. This was through a Chevy dealership and with a pretty well known bank. I came home from work and I went through my contract and all the paperwork and I couldn’t find anything stating that they could take it back. I mean if I don’t make a payment they can. But I remember the man in the financial office told me that once I signed that contract the lender couldn’t change anything. So, I just find it very weird. I called my salesman today and at first he didn’t understand why they called me either. But then he made the comment that sometimes they do that to confirm everything on the application and a courtesy call. But I don’t feel like it was a courtesy call. At first, I thought it was a scam or something but it wasn’t. Idk. The whole thing has me worrying.

Electric
BA1
last online: 01/25, 20:20
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(14 hours after post)
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There are more important things to worry about than 'losing your car.'
At this point, if something is amiss, you may be entitled to a refund of your $500 down payment.
Even though you will keep us informed as to how things are going, there remains questions and comments to be made...
Question: Did you finance through the dealership OR your own financial instuitition?
In many cases a dealership will contract with a specific bank for every dirty reason in the book - the illusion of a better deal (a quick commission for the salesman) and their bank also welcomes yoh as a potential client or (at very least) a high-interest rate paying consumer.
The deal on the contract under those circumstances will never favor you because it's all about paying heavy penalties. To trap you into default (the dealership hopes) so they can resell a car. The bank covers them under guise or repo'ing your car (but banks are banks and not car dealerships - where will the car end up....? You guessed it).
The loan is never about you - it's about a gig between the bank and the dealership.
This is why it's important to qualify for a loan at the institution of your choice.
The dealership is "taken care of," and the contract is between you and the bank (which holds the title until the car is paid off). Terms are generally made clear before signing the contract. Amendments can sometimes be made but not only for the sake of the bank - there must be reasonable welfare of the consumer involved.

Learn what the difference is between a bank and a Credit Union. Credit Unions are generally better than banks in every way - they take better care of their clients.

Also....look at life with a realistic perspective. Do you need to finance a candy bar? (Don't say "no" if you're paying for it with a credit card).... When you chose to use your credit card instead of cash you ARE saying "I want to pay more for this." Credit cards are never your friend - there is no reason to possess your credit card if you are unemployed MUCH LESS if you are employed. Learn to honestly discipline yourself and learn the value of spending cash (otherwise, you're just a digit).

So, no....you don't finance a candy bar because you typically (should) buy those items with cash. When you BUY a candy bar, you own it.... But when you qualify for a loan to possess a car, the only thing you own is a payment.

People are so brainwashed it has taken over their language and the way they talk, act and think.

When you tell me you bought a car, you are telling me you own it - show me a Title. If you can't, you neither bought the car nor are you the owner....(it's just talk, completely unrelated to the claim).

There is an old saying, "The borrower is a slave to the lender," and that's a fact.
If you work for money, it's already being taxed (sadly, what you understand as money isn't money at all, but that's a different story). There is more freedom to have a little bit of money than a lot of debt.
Why destroy your freedom to be a slave to debt - it's a deliberate choice to do that.
Credit destroys freedom (your hard earned savings) and enslaves you (chaining you to interest).
If everyone conducted their financial world back to cash savings, inflation would drop like a rock and respect would rise.

Kill the bank(s).

Just some things to think upon for the sake of your future.

1581744157174 1581744149313 miss bot
soco
last online: 03/19, 3:49
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(19 hours after post)
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Banks do not want your car. Why? They lose money every day it is sitting in their parking lot. Most likely the terms will change. Worst case scenario they will contact the auto company that sold you the car. They will then be forced to renegotiate the terms through one of their lenders. That might just work out to your benefit!
Just in case though you may wish to run this by your legal council so they can explain your options. No, I don't think you will lose your new set of wheels.

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We have another hurricane coming this way.

Sherlock by olga tereshenko d9qdidc
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last online: 07/08, 10:43
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(1 day after post)
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I would tell the dealership that a deal's a deal and I was not going to put up with any monkey business! The bank--God bless them--wants more money!

1581744157174 1581744149313 miss bot
soco
last online: 03/19, 3:49
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(3 days after post)
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The dealership will probably pay the bank the extra fee to keep you as a satisfied customer. If the owner is vengeful, he'll make the salesman eat part of it. Depends on his prior sales record.
And their contract.

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We have another hurricane coming this way.

Sherlock by olga tereshenko d9qdidc
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(3 days after post)
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I'd also tell the dealership that I didn't appreciate the bank calling me after I had sealed a deal with them!

Pup
SmartAZ
last online: 10/30, 23:08
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(2 weeks after post)
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Never buy a car with payments. If anything goes wrong, you are also without wheels. It's better to walk or ride a bus until you can pay all cash and own your wheels free and clear.

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