this post was submitted on 29 Aug 2024
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The sale contract with the dealership probably has some language like "contingent on final approval from the loan company," and the lender probably has their own rules about only approving loans for people with a valid driver's license. The dealership should know those rules, but I think this person is getting caught in the very unfortunate but definitely real bureaucratic nightmare where it's often your own responsibility to know that someone who you believe knows the rules better than you is wrong.
That said, everything up to the last few sentences sounds like they're trying to do things the right way, but if they try using One Weird Trick(tm) to keep possession of the car they're probably going to cause much bigger problems for their future self.
This is exactly it. Unfortunately, lenders don't review documents the moment you buy the car, and I can confirm my job has had to do "return/repurchase" transactions for customers when their lender said "mm, nah" days or weeks after the purchase.
If they try to bond the title, the state will reject it and the lender will step up efforts to fuck them over for trying to circumvent the process. Circle of sovcit life.