Can a finance company change decision and pull out of a car deal?

Bought a ford truck from local dealership and after all papers were signed and finalized my finance company wants me to turn the truck back in because they changed their mind and will not approve the loan. So can a finance company change their mind after paper work as been finalized and completed?

Can a finance company change decision and pull out of a car deal?
Yes.





A deal is not finalized until it is funded by the lender. Dealers often roll cars out of the dealership without an approval. It's unfortunate, however a contract is not valid until the deal is funded (different from approved). Good luck.
Reply:The finance company never approved it to begin with. The dealer made a judgment call based on your credit and decided that a bank would buy it. Unfortunately this is happening a lot lately. Dealers think they can get someone bought, roll the car, and the lender will not approve the deal, so you'll have to take it back, sorry.





Good dealers will not do this, I won't even set you up for delivery without proper approval from a lender, so when you buy a car from me or many dealers like mine, there are no worries.
Reply:The dealer will eventually have to take it back because the lender won't pay them for it. So they'll want it back so they can sell it again later. Just drive it up %26amp; hand over the keys. Tell them here's your crap back.
Reply:Eagle Keeper is dead-on correct.





It's not funded 'til the lender signs off on the deal. The credit crunch right now has caused this quite a bit.
Reply:Yes.Dealers sometimes lie to get you into the car .
Reply:I don't think so. What state are you in?