Quote:
Originally Posted by ember1205
But it's only good at the same place that did the original inquiry. If he goes to a new dealer (because this one seems shady), then it has to be run again. I closely monitor my credit score and credit report and always see an increase when the hard inquiries drop off (although not a lot as my score is good in its own right).
Dealers in my areas are NOT doing locates because of the shutdowns and restrictions. And lack of inventory to begin with. And losing out on the back-end cash for what they trade away (well, not losing, but significantly delaying). They'd rather sell it themselves. Digital sales has NEVER been a strength for car dealerships and the current situation is finally forcing them to re-evaluate their approach (or be stuck with miserable sales).
|
True, if the OP went to another dealer and found what he wanted, they would have to do another credit app. But again, it's a big ticket item and multiple apps are normal.
Now, market areas are different. Being in one of the largest automotive markets on the planet, dealer trades are still happening here, but yeah, you're area may be different. Then keep in mind the OP is in Canada, which might be an entirely different ballgame. Right now, we are getting internet prospects from all over the country because inventory in their market is so bad, and not even on unicorns, just regular stuff.
I don't know so much that his dealer is shady, I've seen it before as well, where the commitment is made to a locate car, and at the last second, it no longer is available. If a car is in inventory, it is for sale. Perhaps the dealer sold it to their customer while the OP was negotiating for it. It's common practice that a dealer is not going to secure a trade until they have a contract on that car.
If the OP wants a specific car, color, trim, options, and nothing else will do, then ordering the car is the way to go. The order books should be opening very soon for 2021.