Quote:
Originally Posted by dnlz
Hey everyone, I know there is a dedicated Z4 forum, but this is more of a general BMW question.
A friend and I each placed an order with the same dealership. One was for an M240i, which was delivered this past weekend. The other is a custom Z4 build that should arrive before fall.
When we picked up my friend's car, he was asked to sign a bunch of paperwork related to backup financing, even though he was paying with a cashier's check. They ran his credit, asked for various forms of verification, and overall it felt uncomfortable. Personally, I try to avoid sending personal documents like passports. I already had to replace mine once after a company I sent it to was hacked.
While we were at the dealership, I looked it up and it seems like this is a BMW policy, not something specific to the dealer. It kind of makes sense since they have no way to instantly verify if a cashier's check is real. According to them, same-day ACH transfers are limited to fifty thousand dollars. They said the only alternative would be to come in about a week early to complete payment in advance.
I asked if I could use my debit card to pay the full amount, which is around eighty thousand dollars after tax. Surprisingly, they said yes. I am posting here to see if anyone else has done this or can confirm, because I am not fully confident in what the financing department is telling me.
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I had the same experience with my California dealer paying by check. Sales manager claimed the have had too many instances of fraud with people using IDs and documentation from someone else. Required me to take a photo of myself to put in their system. I bought two other vehicles from them paying by check and not financing. Felt violated.