12-02-2016, 12:06 AM | #3 |
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Thats correct, but sometimes you get a lemon and BMW will make it right by swapping out the car for a replacement. Essentially swapping out the old car and VIN for a new car, new VIN.
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12-02-2016, 12:29 AM | #5 | |
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It is swapping the whole car. But on the financial paperwork they have to swap the VINs so you do not have to change your financials on your contract. |
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12-02-2016, 12:30 AM | #6 |
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And no one is saying swapping of the physical or assigned VIN numbers on the car. I am talking about contractually swapping VINs.
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12-02-2016, 07:22 AM | #8 |
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I did this about 10 years ago with BMW when i was able to swap my 545 for a 550 because the 545 was just a piece of shit. It was a pretty easy process but getting the approval took a bit and I was an F&I Mgr for a BMW dealer at the time. I am not sure if the process changed or not but all I had to do was find the car I wanted, send the info to BMW and they gave the approval. Once that was done I had to sign new paperwork for titling and registration, then they made the switch on the contract behind the scenes.
It is definitely handled a bit differently if it's a lease versus a finance contract. Which of those two are you? |
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12-02-2016, 08:24 AM | #9 |
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You can avoid this problem by making sure your insurance includes GAAP insurance. Then the penalty for paying off a loan or lease early due to an accident will be covered as part of the insurance.
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12-02-2016, 10:47 AM | #10 | |
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12-02-2016, 10:55 AM | #11 | ||
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You shouldn't have much of an issue because it actually counts as another sale for the dealer so they usually are pretty accommodating. |
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12-02-2016, 10:56 AM | #12 |
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Not sure what this has to do with this topic but every BMW lease already has GAP insurance built in. It's part of the acquisition cost that you pay so the finance company is protected being that they are on the title.
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12-02-2016, 01:54 PM | #13 | |
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12-02-2016, 02:02 PM | #14 | |
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I see it happen all of the time, at dealership or service center. |
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12-02-2016, 02:51 PM | #15 | |
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12-03-2016, 09:23 AM | #16 | |
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