Changing financing name on ordered car
Thread Starter
Instructor
Joined: Feb 2014
Posts: 129
Likes: 1
From: Pembroke Pines /Miami Florida
Changing financing name on ordered car
I have a question for you guys I have an order placed from a forum sponsor and car is set to be built TPW 6 /2. I was approved for financing through my credit union. I place the order under my name and now it turns out I may new business opportunity where I need to use my credit to acquire.
Would it be a problem if my wife financed the vehicle solely under her name for my individual order?
Not sure exactly how it works on ordered cars.
Tried contacting my sales guy but he has not responded.
Any info would help thanks
Would it be a problem if my wife financed the vehicle solely under her name for my individual order?
Not sure exactly how it works on ordered cars.
Tried contacting my sales guy but he has not responded.
Any info would help thanks
Safety Car
Joined: Feb 2007
Posts: 4,939
Likes: 448
From: CHOCOWINITY NC
Why would it be? Chevy doesn't care...as long as they're paid in the end. As long as she has the credit rating to do the financing I can't see a prolem. the 2 are not connected...
Thread Starter
Instructor
Joined: Feb 2014
Posts: 129
Likes: 1
From: Pembroke Pines /Miami Florida
The reason I ask is because when I ordered the car he asked me to give my complete exact name in which I wanted the car titled.
If I change to my wifes name I dont know if that messes up GMs order and title paperwork . Since order is only under my name.
Advanced
Joined: Aug 2013
Posts: 72
Likes: 7
From: Ottawa ON
This has nothing to do with GM but between you and the dealer. Have them make a new bill of sale in the your wife's name for title purposes and financing.
All the dealer cares about is that they are paid in full before the car leaves their premises.
All the dealer cares about is that they are paid in full before the car leaves their premises.
Le Mans Master
Joined: Oct 2004
Posts: 8,615
Likes: 60
From: Haymarket Virginia
If the car is marked as a "Customer Ordered" car, GM is expecting that same customer to get the car. If the car doesn't go to that original person then the dealership does possibly get dinged for putting in a "fake order" According to them, it effect allocation and other back end money. Apparently they have to be a habitual offender for it to matter.
Like I said, I don't know if any of that is true, just what I heard.
Maybe Dave @ Kerbeck can chime in just so we know more useless facts? LOL
Team Owner
Joined: Jun 2001
Posts: 26,714
Likes: 344
From: Houston, TX
This is what I've been told (No confirm facts, just heard it from a salesperson)
If the car is marked as a "Customer Ordered" car, GM is expecting that same customer to get the car. If the car doesn't go to that original person then the dealership does possibly get dinged for putting in a "fake order" According to them, it effect allocation and other back end money. Apparently they have to be a habitual offender for it to matter.
Like I said, I don't know if any of that is true, just what I heard.
Maybe Dave @ Kerbeck can chime in just so we know more useless facts? LOL
If the car is marked as a "Customer Ordered" car, GM is expecting that same customer to get the car. If the car doesn't go to that original person then the dealership does possibly get dinged for putting in a "fake order" According to them, it effect allocation and other back end money. Apparently they have to be a habitual offender for it to matter.
Like I said, I don't know if any of that is true, just what I heard.
Maybe Dave @ Kerbeck can chime in just so we know more useless facts? LOL
Last edited by jschindler; May 28, 2014 at 08:50 PM.
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Thread Starter
Instructor
Joined: Feb 2014
Posts: 129
Likes: 1
From: Pembroke Pines /Miami Florida
This is what I've been told (No confirm facts, just heard it from a salesperson)
If the car is marked as a "Customer Ordered" car, GM is expecting that same customer to get the car. If the car doesn't go to that original person then the dealership does possibly get dinged for putting in a "fake order" According to them, it effect allocation and other back end money. Apparently they have to be a habitual offender for it to matter.
Like I said, I don't know if any of that is true, just what I heard.
Maybe Dave @ Kerbeck can chime in just so we know more useless facts? LOL
If the car is marked as a "Customer Ordered" car, GM is expecting that same customer to get the car. If the car doesn't go to that original person then the dealership does possibly get dinged for putting in a "fake order" According to them, it effect allocation and other back end money. Apparently they have to be a habitual offender for it to matter.
Like I said, I don't know if any of that is true, just what I heard.
Maybe Dave @ Kerbeck can chime in just so we know more useless facts? LOL
Thanks for the response
Great news , hopefully I can have my sales men confirm this too or maybe a forum dealer can chime in?
Former Vendor
Joined: Oct 2004
Posts: 8,127
Likes: 1,656
From: Atlantic City NJ
If the only thing done at this point is order through car and no other paperwork has been done (like DMV) then it won't be a problem as long as your wife can get approved for the loan on her own.
Dave
Dave
Pro
Joined: Mar 2006
Posts: 663
Likes: 63
From: Ft Myers FL
This is not an issue. I also live in Florida and ordered my C7 vert in my name. The car was built and was shipped over to the museum for delivery and before I went to Bowling Green to pick up the car, I had to go into my dealer to settle up on the car. When I got there and looked at the paperwork, everything was fine, except I did not like paying almost $300 for a new Florida tag. I had just sold my wife's '01 vert to make room and had the de-commissioned tag off that car in my garage. So, I changed the paperwork and put the C7 vert in my wife's name and just transferred the old tag that was in her name. Saved a few hundred bucks.
This is a non issue, just talk to your dealer.
This is a non issue, just talk to your dealer.
Safety Car
Joined: Feb 2007
Posts: 4,939
Likes: 448
From: CHOCOWINITY NC