How does a car loan work?
I got approved for a loan. The bank says I have to bring in a copy of the registration, pink slip signed by buyer and seller, smog report, and reassignment form before i can get the money. How is the seller going to give me a signed pink slip if I don't even have the money yet?
Answers & Comments
Verified answer
car loan works like this
u buy a car and overpay long term.
u get car and pay higher insurance rates.
cash cars rule!
your bank is shafting u.
u do not get any of that until u pay for it.
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