Wednesday, February 22, 2012 9:02:39 AM
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standing in line at the cash register at Target, and your C.C. is declined - - - if you have no other source of funds, you lay down your purchase, and walk out, perhaps red-faced.
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you buy a car, and sign the finance papers. it used to be that you'd wait a day for approval. these days ( i have not bought a new car since 1998 ) i believe the online approval process is almost immediate. still, if you are immediately rejected ( poor credit or whatever ) then you drive home in your rusty '89 olds with the bald tires that need to be recycled.
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until i hear of an approved and formally announced financial package for this excellent deal, it will always be almost.
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i bet ( opinion follows ) that the financing for this will be some kind of creative package, and not a standard commercial banking line of credit.
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commercial bankers are a bit gun-shy these days.
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snowiegeorgie
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