What is the "financing fell through" scam?

What is the "financing fell through" scam?

James Bell (Publisher, Auto Reviewer) gives expert video advice on: What is the "wrecked used car as is" scam? and more...

The 'financing fell through' scam is when the dealer calls you up after you've taken delivery of the vehicle and tells you that the credit company has gotten back to the dealer, and that you actually didn't qualify for the rate that you originally assumed. They will tell you that you need to come back into the dealership and rewrite the contract. That will be only to their advantage, not yours. Never, ever be drawn into the 'financing fell through' scam. Tell the car dealership that you're happy with the deal that you got.