Car buy

most likely when they signed him up it was a spot delivery and they assumed they could get a better interest rate than they did. Maybe the system was working slow or something along those lines. So - when they received the actual approval the interest rate may have been higher based on your son's credit. If the interest rate is higher - then the dealership needs to have more money to cover the difference, or his payment would go up. I may be wrong, but this is what it sounds like. If they finally just called him up to sign papers, then it would seem the dealership is taking the hit for the higher interest rate in order to keep him in the car. It happens often and dealers lose money in order to keep customers like this all the time. I'd get him in and get it signed. Just double check the interest rate - the vin# - and the payment when he signs. Or - if it is a lease, just check the payment - vin# - and term of the lease. Again - I may be wrong, but this is what it sounds like. When you hear people complain about how long it took for them to take delivery of a vehicle when they were at a dealership - many times it is because they are waiting for a final approval from the bank and are trying to avoid situations just like this. Unfortunately at the end of the month - most banks and dealers are swamped and this stuff happens. If this is the case - your son should be grateful that the dealer was willing to take the loss to keep him happy.

No problem - I am glad it worked out. It's always good to know what is going on and to make sure you are covered:)