JerseyJeff

My girlfriend was looking to purchase a new Honda Accord tomorrow but the wire transfer of money didn't happen. I know one option is to wait until the transfer can happen but she needs this car tomorrow.

Does anyone know if through American Honda Finance Corp, can you get a loan to get the car and then pay it off completely within a few days? I know there may be a penalty fee or something but I just want to see if anyone here knows about this.

Thanks!

Jeff

Whiskers

Hey fellow Jeseyian!!

I know you can do this with a mortgage (I did), but not sure with a car loan. If you can't do it with Honda Finance, go to a bank.

cmf

wire transfer through a bank probably won't happen now till Monday, might wanna try western union.

If it's cash she was gonna use as a down payment on the car, have her explain it to the dealer. Some will let you take the car, but you basically leave an IOU. I've done that before, where I had to go back w/ 500 bucks that I didn't have on me at the time.

JerseyJeff

There wasn't going to be a down payment involved. She was going to purchase the car completely with a certified check. I was just wanted to know if she can get a short term loan or a regular loan through AHFC and pay it off completely within a few days. I know this has probably happened many times before so I'm sure they can do something.

michaelbolton

Jersey Jeff,
I am also Jeff, also from Jersey...Yeah I think if you just explain it to your dealer, you can do sort of an IOU like someone else posted, and pay them in full a few days later. They'll probably be happy to get cash...

JerseyJeff

Thanks for your help. Everything worked out fine. My girlfriend was able to take delivery of her Honda on Saturday and she is giving them a check tomorrow.

Jeff