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      08-22-2011, 04:51 PM   #1
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New guy question - looking to buy E90

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I see a number of you guys are selling these with leases which is clear however some are asking to sell straight out (no lease). In this type of situation, do these cars still have loans with the dealer (BMW) and if so, how would that work if I were to take over the loan. If there is no dealer loan involved, I'm assuming this would be straight cash for car and no financing available. If I wanted financing I would need to do it on my own (where the bank will prob crush me with a 10% IR) right?

Thanks for the clarification guys!

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      08-22-2011, 06:42 PM   #2
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I don't think you can just take over a loan. The current owner needs to pay the loan off either with a check from you or your lender and then you will have a loan for that car.
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