Quote:
Originally Posted by m3bot
Question- Why do dealerships want to run my credit before the car is even delivered? Isnt the deposit good enough?
|
No. They don't want to waste time with transactions that have no chance of being finished. By agreeing to order a car, they are accepting a degree of risk already (like orders being canceled, etc.)
They need to minimize their overall risk of exposure. Would be a pretty stupid problem to have to deal with a custom built car for a customer who turns out has no way of affording the car.
This includes people paying cash for their car. My dealer took a $1000 deposit and ran a credit check, even though I was writing a personal check for the balance of the car.
It's not a big deal. People act like a single credit check is going to destroy your credit score. It will affect your score, but it's not going to drop you 100 points overnight either.