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      07-15-2011, 11:22 PM   #1
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Join Date: Dec 2008

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Credit Approval Transferrable to Another Dealership?

I'm in the process of getting final approval from BMWFS. I was preapproved by the dealer and I expect to hear back in a day or so as to whether BMW approves me for the loan.

If they approve me and for some reason I can't work out the final deal with the dealership on the car I want can I go to another dealership if i am forced to and will that credit approval from BMW transfer or will I have to have the new dealership run my credit again and get approval again through BMWFS?

This is more hypothetical really. I don't forsee there being a big issue but I have a number in mind and the dealer I am working with is close but I will be forced to go to another dealership who is contacting me daily with a better deal (though one I will have to wait a bit till they get the exact vehicle in stock).

Thanks in advance
2011 Aston Martin V8 Vantage Roadster
2013 Mercedes C350 Sports Plus Coupe
SOLD: 2012 Audi TTRS
SOLD: 2011 BMW Z4 sDrive35is
SOLD: 2008 BMW 135i