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I10Autobuyer

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  1. We went to a dealership to purchase a car on Nov 10 2018 my daughter signed for the loan on her own." I10 Auto" finacing guy told me First Credit union offers first time buyers program but I may need to co-sign. On Nov 13 I called the dealer to find out on the status of the loan. Someone at the dealer said everything may be ok if we didnt hear anything so I assumed everything was ok. On Nov 21 2018 received a counter offer IAO $xxxxx=xxxxxxx frontends +xxxx backends (GAP & Warranty only) for 60 months due to LTV not within CU lending policy. I called First Credit Union they advised to talk to the dealer. I emailed the Salesperson and the financing guy at the dealer to have an explanation on the counter offer. Salesperson responded that I may need to Co-sign she was not sure on the counter offer. Co-signing will make a difference on the LTV? The counter offer is $606.23 less than the contract amount $xxxxxx to be financed. I was looking at the itemization page and the dealer is charging $549 just for the doc fee is this a normal charge? Thanks in advance!
  2. We went to a dealership to purchase a car on Nov 10 2018 my daughter signed for the loan on her own." I10 Auto" finacing guy told me First Credit union offers first time buyers program but I may need to co-sign. On Nov 13 I called the dealer to find out on the status of the loan. Someone at the dealer said everything may be ok if we didnt hear anything so I assumed everything was ok. On Nov 21 2018 received a counter offer IAO $xxxxx=xxxxxxx frontends +xxxx backends (GAP & Warranty only) for 60 months due to LTV not within CU lending policy. I called First Credit Union they advised to talk to the dealer. I emailed the Salesperson and the financing guy at the dealer to have an explanation on the counter offer. Salesperson responded that I may need to Co-sign she was not sure on the counter offer. Co-signing will make a difference on the LTV? The counter offer is $606.23 less than the contract amount $xxxxxx to be financed. I was looking at the itemization page and the dealer is charging $549 just for the doc fee is this a normal charge? Thanks in advance!

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