Quote:
Originally Posted by arquitecto
I sign my paperwork next week for my PCD on October 9th. Did you guys do these online CU applications before going in to the dealer to sign or did you see what BMW FS offered you before looking for alternate options? This is my first new car purchase and I want to make sure I go in with everything in order. I am not sure I fully understand the process.
Let's say you go in without pre-apporoval from a CU and decide you do not want to accept the best offer from BMW FS. From what I understand the process of applying and receiving the check from the CU can take a day or two if all goes smoothly. Does this delay your sale? If not how long do you have to get them your check from the cu after signing?
Ideally I plan on going in with a pre-approved offer and see if they can beat it. Don't have very high hopes there but it's worth a shot.
|
The dealer required me to be pre-approved with BMW FS before they'd let me put a deposit down. Confident after this approval and other credit monitoring reports I reviewed, I went in without CU Pre-Approval. I told the dealer I could get 1.49 at 48 Months and asked if they could get BMW FS or their Loan partners to match. They tried, but couldn't. I was given a purchase contract that showed 2 options…
1. BMW FS 3.24 at 60 Months
2. Provide payment for the financed amount / purchase price within 10 calendar days.
If the payment wasn't provided, the BMW FS would automatically kick in. I can try to snap a photo of what the contract looks like and post it later.
Good luck!