taxfree

I went to close the deal and since you need insurance and a loan to buy the car I had everything in place. They wanted to either get the loan for $11,000 more or get take out another loan with them for the $11,000. The way I understand it, there must be a balance due for the vehicle of at least $11,000 for the VA to pay the $11,000. I may need to leave them a $11,000 check to hold until they get paid by the VA. I haven't done this before and have no idea how it should be done, I also don't trust dealers to have too much say as to how this should work. Marty

Hello all, I'm new here and was wondering how others have dealt with this form. I put in the claim in Jan 08, I received the "Approved" form back from the VA in Sept 08. :o I'm now purchasing a new vehicle and got a loan for the price of the vehicle less the $11,000 but now the dealer won't except the form as a down payment. Am I missing something. The instructions state that the dealer must send in the invoice to the VA showing a balance due for that vehicle. Any assistance would be greatly appreciated. I've called the VA for info and they say that I should just go to another dealer. The frustrating part is that I'm paying insurance and for a loan on a car that I haven't purchased. I'm dealing with Fitzmall in North Bethesda. fitzmall.com Thanks, Marty