Dealership Loan Process Clarification

Here are some general points regarding loan processing with dealerships:
- Processing Completed: The dealership has completed its part in the loan process, meaning all paperwork and approvals are in order.
- Pending Transfer: Funds have not yet been transferred, which could involve delays from the bank or lender.
- Contact Bank/Lender: It might be helpful to contact your bank or lender to confirm the status of the fund transfer.
Would you like guidance on addressing this with the bank or dealership directly?

In South Carolina, whether a dealership can legally hold your vehicle while waiting for the lender to fund the account depends on the terms of your sale contract. Typically, dealerships may retain possession until payment is confirmed to protect themselves from non-payment. Here are some key points:
- Contract Terms: Review your purchase agreement for any clauses regarding possession before funding.
- Dealer's Rights: Dealerships often have the right to hold the vehicle until payment is confirmed.
- Communication: It's advisable to communicate with both the dealership and lender to understand the status and expedite the process.
Would you like guidance on how to approach this with the dealership or lender?

Case Rating: *
It seems like you're dealing with a dealership holding your vehicle due to pending funds from the lender. Here are some steps you can take:
- Review Contract: Check your purchase agreement for details on possession terms.
- Contact Dealership: Speak with them to understand their policies and any possible solutions.
- Reach Out to Lender: Confirm the status of the fund transfer and seek clarification.
If you need further assistance in addressing this situation, feel free to let me know!