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Drive The Car into a Tree and total it. (archive)

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Posted by Just Kidding. Don't kill a BMW. on July 31, 2000 at 14:29:36:

In Reply to: BMW Financial Services is killing me........ posted by JG on July 29, 2000 at 18:08:54:

If I found a guy who is willing to buy my car (which is on lease)- willing to pay the buyout. The information I'm getting is that I have to buy the car and get the title (which means I have to pay state tax-$3,000)- then transfer the title over to the gentleman who wants the car (he pays tax again).

So, basically BMW won't send the title to anyone whose name isn't on the contract- even after all the stupid paperwork is done on the other buyers behalf-

Why would BMW care who buys the car outright?

Same thing with taking over the lease- they charge you $450, person has to send in a credit app, both parties sign a transfer of interest form (gets notorized)- but if they default on the payments, the person on the contract is still responsible- this is also a bunch of crap, what am I paying $450 for.

My friend just sold his Viper (bought used at a Chevy dealer)- he had no problems with GMAC switching over all "responsiblity" and title to the buyers name, leaving him without having to pay state tax. Its a different company, but still- BMW shouldn't be any different.

Am I missing something????? I hope so. thanks for reading.

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