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  1. trey08
    trey08 is offline Tsikot Member
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    Oct 2010
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    October 2nd, 2010 04:43 AM #1
    a few weeks ago i saw an APV being sold online. a 2nd hand 2006 GLX A/T. went to the dealer a few days after and paid a reservation fee for the said unit. as per agreement, i have to pay 30% of the cars total and have the bank finance the rest payable in 3 years. after getting approved by the bank i decided to pay the said DP this weekend. but upon further discussion with my better half we decided all of a sudden to pay the unit in cash.

    now our dilemma is this... if we were to cancel our approved loan because we decided to pay the dealer in full, would we be charged of any amount? since me and my wife are newbies when it comes to loans i wish someone could help us out.

    any input would be deeply appreciated.
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  2. cjerogel's Avatar
    cjerogel
    cjerogel is offline Verified Tsikot Member
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    October 2nd, 2010 06:06 AM #2
    Have you already signed any contracts/documents?
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