06-03-2010, 09:29 PM | #23 | |
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06-03-2010, 09:55 PM | #26 |
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Drives: E60 M5, E71 X6M, E46 M3
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Garage List 2006 BMW E46 M3 'vert [0.00]
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hmmmm....I purchased a new M5...put $20,000 down, financed the balance with 0.9%...I am self employed...I put down a number with monthly income with a plus sign after it....drove home 30 minutes later...this was 2.5 yrs ago...seems that things have changed some
Don't worry about "fraud"...that is the most BS thing I have ever heard of
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06-03-2010, 09:57 PM | #27 | |
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I tried setting up my online account to make a payment, but I got no where with their shitty system. Plus the financial manager was zero help at the dealer. |
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06-03-2010, 09:59 PM | #28 | |
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I guess that I will just keep my car and stick to private party transactions. |
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06-03-2010, 10:03 PM | #29 | |
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Through your bank you can always just make finance/transfer funds via your online banking system, it really simplifies everything. Seriously consider that instead. Would save you a shitload of headache.
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My delivery experience and beach photoshoot here. |
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06-03-2010, 10:06 PM | #30 |
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Yeah I will. This had been a nightmare.
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06-03-2010, 10:22 PM | #31 |
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I don't know what ya'll are talking about. BMWFS has been great for me. 2.9% financing (I'm 23) and there was no bullshit other than proof of income. I also had no problem setting up my account online to make payments. I found their system very user-friendly and they provide details of everything. You can even change your due date! My BMW dealer was also great to work with. Everyone was super helpful and the finance manager knew her shit, which made things smooth and easy to comprehend.
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06-03-2010, 10:29 PM | #32 | |
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Noo Aonarch where is the sig?
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My delivery experience and beach photoshoot here. |
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06-03-2010, 10:41 PM | #33 |
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06-04-2010, 08:06 AM | #35 |
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Drives: '09 E92 M3 IB/'17 f85 X5M LBB
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Hey Aonarch, what is the name of the dealership?
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06-04-2010, 10:01 AM | #36 |
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Keep in mind that they can't get your for fraud unless you actually lied on the credit app - and I doubt they'd bother with that unless they experienced some sort of loss on the transaction. Even if you produced proof of income from a different employer as listed, I don't see it being a big deal as long as the numbers are in a similar ball park.
Maybe you could show them an offer letter, etc. or anything that would verify the company's commitment to pay you X dollars per year? I've even heard of people producing online bank statements that show recurring salary deposits, etc. I'd imagine that BMWFS requirements are ridiculously low with this. That said, if you did lie on the credit app then it's really free game. You're at their mercy. |
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06-04-2010, 10:04 AM | #37 |
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06-04-2010, 10:13 AM | #38 |
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Here is what they did, they contacted the USMC to verify employment and got the answer that you would not active duty which flagged you as a bad risk.
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06-04-2010, 11:04 AM | #40 |
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Well unless you outright lied, on purpose, you cannot be charged with fraud or anything.
I expect both you and the salesman signed the purchase agreement? If so it is a legally binding contract that they have to stick to whether you have proof of income or not. If the paperwork has been signed they really need to just forget about it already, that should have been taken care of in advance. I would call and explain your situation to them like you did to us, they can't be completely unreasonable. I am sure if you call with a cool head and give the facts you will be okay.
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06-04-2010, 11:31 AM | #41 | |
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My delivery experience and beach photoshoot here. |
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06-04-2010, 05:39 PM | #42 |
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Check out my first post I edited it with the hilarious outcome.
Summary: Crooked salesman fired I kept 335i and got a lower rate. |
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