Quote:
Originally Posted by Soygen
Quick question about financing through Pen or anywhere else really. If I'm putting down 12,000 on the car and the bank is financing the rest, do I provide the dealership with two checks(my own for 12,000 and the bank financed one) or do I send the 12,000 to the bank and get one check for the total amount from the bank to provide to the dealership? Thanks!
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I had a trade in so I can't really answer your question. I hope someone chimes in to answer it. But if I have to guess, I would say you give both checks to the dealer. The reason I say this because, they gave me X amount for my trade in, I had Y amount as a down payment (personal check). Then I had the check from PedFed. So the dealer added X + Y money + Pedfed check on the day of delivery. Hope this helps.