re: Friend bought new truck, dealer reneged on sale price

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What in the world does that have to do with me asking who the buyer would have sent in a payment to during those 60 days if the financing hadn't been completed?

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The downpayment (trade) is part of the deal....no, it's not part of the finance deal, other than the fact it gives a little equity to the bought/financed vehicle....so it's part of the finance company's decision/criteria/guidlines..

I do understand it's not a binding payment to credit...but there's more involved than that and NO, he didnt make a payment to a company that hasn't accepted the terms yet (the finance co)..BUT he did make a payment to the company he has signed documents with to buy it at a certain price.

Interesting subject

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The downpayment (trade) is part of the deal....no, it's not part of the finance deal

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Well, you sure did want to make it part of the finance deal when you said the trade-in was actually a big payment the buyer had already made in response to me talking about payments on the actual loan.

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and NO, he didnt make a payment to a company that hasn't accepted the terms yet (the finance co)

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Yet in your post calling me a dumbass, that is exactly what you said the trade-in was. I asked where loan payments would have been made if the loan had never finalized with the finance company, you said a big payment had already been made in the form of a trade-in. So who exactly is the dumbass in this exchange?