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| 09-28-2011, 11:51 AM | #1 |
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Dealer mistake - what to do????
Today I received my new X5 tags along with registration card. I'm financing this car through BMWFS and i havent made a single payment yet (besides the downpayment). I was surprised to find the vehicle's title and it shows "no liens".....
 what should i do? |
| 09-29-2011, 11:57 PM | #3 | |
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¡Viva España!
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Quote:
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23 G42 230i Mineral White Cognac, Aluminum With Mesh Effect Interior Trim MODS Clear Guard, 15% Ceramic Tint, Floating Caps
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| 10-01-2011, 08:35 PM | #5 |
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Bootleggin' 'n Gunrunnin'
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Just because you have a title that says "no liens" doesn't mean the loan doesn't exist anymore. So, it means nothing really.
Nice try.
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Scott
2024 G01 X3 M40i, Brooklyn Grey Metallic /// 2015 F15 X5 35i, Space Gray Metallic, 99K miles /// 2013 F30 320xi, Mojave Metallic, 112k miles 2019 Ford F450 STX, Oxford White 2013 Ducati Multistrada Touring S, Red |
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| 10-03-2011, 06:58 AM | #6 |
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Second Lieutenant
 
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I already had this happen with me in the past, BMW will contact you requesting the title, if they don't contact is even better, lets say, in 2 years from now you decide to sell your machine, your buyer will ask for the title, you show them (speeds up the selling process big time, when you are selling the car on your own), get two checks one to payoff your loan and the other one is the left over, the one that you will deposit in your account.
Now, pay attention, if you sell this car without paying BMW, which is possible, you are in deep trouble! BMW may sue you big time, so, keep with you as it is, just make the right moves when the time comes. |
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