QLD Dealer Got Car Finance for Me - Fraud?

[falcon13]

I had a very bad experience buying a motor vehicle. The car was registered in my name 4/12/2015 and was delivered to me 5/12/2015. On the 7/12/2015, I was contacted by the dealer and told the car finance was declined but he said leave it with him.

Later that same day, he called and told me he got finance from another company.

I signed that agreement 9/12/2015. My question is, the way he got the second finance, is it legal or fraudulent, in any way?

Thank you

 

[AllForHer]

Some finance companies have different thresholds for who they will and won't approve for finance, so while one rejects the application, another may approve it. This doesn't mean it has been obtained illegally or fraudulently.

 

[falcon13]

I understand, but I had already had taken delivery of the car and the finance was applied for after I had the car for 3 days.

 

[AllForHer]

The relevance of that depends on the contract for the purchase of the car, but the way it works ordinarily is the lender gives the dealership the money for the car, so whether you have possession of the car or not at that time is of no concern to the bank, it's only of concern to the dealer in the event that finance continues to be rejected and they need to recover the car for non-payment.