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re: Did I just get a free truck?

Posted on 9/16/14 at 1:35 pm to
Posted by LSUnGA
Buford, GA
Member since Jun 2009
1694 posts
Posted on 9/16/14 at 1:35 pm to
If the CU has an indirect relationship with the dealership the borrower would never see the check. The dealership would send the paperwork to the dealer and the CU would fund the loan.
Posted by Gaston
Dirty Coast
Member since Aug 2008
39197 posts
Posted on 9/16/14 at 1:42 pm to
I could see that with a local bank, but my credit union only cares that there is actually a vehicle worth x on the other end of this deal. They put all the vehicle information in their records and actually run value on the car themselves (used). They still offered gap insurance even though I'm sure it's under right now.
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