BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
European Auto Source
Post Reply
 
Thread Tools Search this Thread
      10-23-2011, 12:19 PM   #1
dagolfpro
Lieutenant Colonel
dagolfpro's Avatar
Taiwan
34
Rep
1,941
Posts

Drives: 2011 E90 M3
Join Date: Sep 2011
Location: SF Bay Area, CA

iTrader: (9)

What should my effective date be on my lease?

So here's the scenario:

I'm in San Jose, CA. Car is in So Cal. Found a car and agreed in principle on 10/14. Gave the dealer a credit card to secure the car before I can go down and pick up at end of the month.

Dealer sent contract to my local BMW dealership to sign last week, numbers were incorrect due to renegotiated Tire and Wheel Warranty. Signed most of the docs except actual lease agreement and contract. They did not send up new contact as my pickup date is near. Says we can do this once I arrive at the dealership.

Turns out as of 10/20, credit card was not charged. I was worried they sold the car to someone else as I have no records this was sold to me. I contacted the dealership and they finally charged my CC on 10/21. The sales manager emailed me this yesterday.

"This email is to confirm that Vin# XXXX 2011 M3 is your sold Vehicle. It is on our showroom floor waiting for you to come and complete the contract on October 10/XX/2011."

So, I asked the Sales Manager, since I haven't signed the contract, when is my effective date for the lease? He replies, 10/14, the date we agreed on the car. He said that in California, cars can't be held unless it's considered sold. He had to do this so he can hold it for me as we had a contract pending. He said he has reported the sale to BMWNA already. He also gave me a line stating that another CA had a customer come in wanting to buy the car and couldn't sell it to him as the contact is pending with me. So, it's "Protecting" me.

Some members here have said this is considered backdating, is that right and if so, is that legal?

My question is, does this seem right? I haven't signed the lease/contract and only gave them a deposit on the car.
Appreciate 0
      10-23-2011, 08:55 PM   #2
THE TECH
BimmerPost Supporting Vendor
THE TECH's Avatar
United_States
169
Rep
13,124
Posts


Drives: BPMsport 2012 E92 M3
Join Date: Jun 2011
Location: Kansas

iTrader: (45)

Garage List
Send a message via AIM to THE TECH Send a message via Skype™ to THE TECH
I don't think a deposit without the accompanying paperwork is enough to hold the car for you. As long as you have something in writing that it's yours, you're good. I personally wouldn't worry about the two week difference on the paperwork for the lease if it means guaranteeing you the car.
__________________
Appreciate 0
      10-23-2011, 09:14 PM   #3
xrayos
Second Lieutenant
xrayos's Avatar
United_States
7
Rep
274
Posts

Drives: '09 M3 AW/BLK
Join Date: Sep 2008
Location: New England

iTrader: (2)

umm, it's 2 weeks without the car. I wouldn't agree to it. When paperwork is signed is when the lease starts
Appreciate 0
      10-23-2011, 09:31 PM   #4
Technic
Lieutenant General
Technic's Avatar
United_States
275
Rep
11,653
Posts

Drives: 2015 320i
Join Date: Apr 2005
Location: Ft Lauderdale, Florida

iTrader: (18)

Quote:
Originally Posted by xrayos View Post
umm, it's 2 weeks without the car. I wouldn't agree to it. When paperwork is signed is when the lease starts
And that's it.
__________________
-2015 F30 320i, Imperial/Oyster, 8AT: August 2014 ED
-2012 E92 M3 Jerez Black/Rust Brown, M-DCT: Gone
-2008 E90 M3 Melbourne Red/Bamboo, 6MT: Gone
-2007 MK5 GTI United Grey/Grey, DSG: Gone
-2004 E46 M3 Carbon Black/Cinnamon, 6MT: Gone
Appreciate 0
      10-23-2011, 10:20 PM   #5
dagolfpro
Lieutenant Colonel
dagolfpro's Avatar
Taiwan
34
Rep
1,941
Posts

Drives: 2011 E90 M3
Join Date: Sep 2011
Location: SF Bay Area, CA

iTrader: (9)

Quote:
Originally Posted by xrayos View Post
umm, it's 2 weeks without the car. I wouldn't agree to it. When paperwork is signed is when the lease starts
I would think that's the case. I did sign the DMV Vehicle Transfer form back on 10/19. They had it dated 10/14, which is the date forms were sent up here from So Cal.

Any input from the sponsors on this forum?

Quote:
Originally Posted by THE TECH View Post
I don't think a deposit without the accompanying paperwork is enough to hold the car for you. As long as you have something in writing that it's yours, you're good. I personally wouldn't worry about the two week difference on the paperwork for the lease if it means guaranteeing you the car.
partial paperwork was signed by me, see above. I don't know if that's enough to consider this a deal yet, but if the transfer of car was filled out, I'm guessing they really wanted to sell the car to me.

Big picture, you're right, what's 2 weeks as I plan on buying the car at the end of the lease. It just doesn't seem right starting a lease when the contract hasn't been signed yet. Registration will be in Oct instead of Nov. Warranty will expire on 10/14/15 instead of 2 weeks later. All these little things add from my point of view...
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 11:05 AM.




m3post
m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST