Do you pay all or partial on a new order?

CarBrain · 06-17-2010, 07:49 PM

If I want to pay the F10 series at a full price, do I pay a down payment first and wait for the car to arrive and once it arrive in about 2 months I would need to test drive it one more time before signing any paper and pay the rest of the amount....or...

do I have to pay the full amount and wait for the car to arrive?

I am in California by the way.

ibimmer954 · 06-17-2010, 08:28 PM

I paid $500 refundable at order. The rest after the car got to the dealer, I checked the car out, and I drove it once. Took about 6 weeks after it was built.

delvek · 06-18-2010, 10:26 AM

Agreed, I put down 1k but anything more then that is really overkill for commitment.

Although since your not getting financing then they may require something extra. My down payment was accompanied with an approval letter from my financial institution. Have you seen the interest rates at some credit unions lately, almost free money!

Because your in the States as long as its not some weird configuration it really shouldn't matter as they will sell it relatively quickly if you back out.

TX535i · 06-18-2010, 11:25 AM

For the 3 BMW's I've bought I had to put down a deposit, but I've always used a Amex card for the deposit, and they never actually charged the card for the deposit. If you give them a check, do they actually cash the check?

ibimmer954 · 06-18-2010, 12:47 PM

They cashed my check immediately. So I had $500 less to pay when I put money down later after the car got there.

TX535i · 06-18-2010, 01:46 PM

I had hoped that they would have charged my amex so I would have paid that a few months ago, and not have to write a larger check when I picked up my car. I guess for a credit card they just get an authorization and don't actually charge it (and avoid the credit card proecessing fee the banks charge them).

xrayyou · 06-18-2010, 08:50 PM

I initially gave my dealer a check for $1000 which they did not cash.

I'm doing ED, so the car must be paid for a minimum of 7 days prior to delivery in Munich.

NU92 · 06-20-2010, 02:52 PM

I gave my dealer a credit card and they actually charged the card at the time I placed the order.

I am now realizing that I can get a better deal than the one I signed for. I would assume a good dealer would match or come close to the new price I have.

Anyone ever successfully renegotiated during the order process? I am not obligated to accept the car.

I don't want to do that but want to come to a fair resolution.

Thoughts?

BMW Alpina · 06-25-2010, 08:40 AM

Quote:

Originally Posted by CarBrain

If I want to pay the F10 series at a full price, do I pay a down payment first and wait for the car to arrive and once it arrive in about 2 months I would need to test drive it one more time before signing any paper and pay the rest of the amount....or...

do I have to pay the full amount and wait for the car to arrive?

I am in California by the way.

If I were you, I would offer to pay the full amount
upfront in exchange for the dealer giving me more discount on the price of the car.

06-17-2010, 07:49 PM	#1
CarBrain Private First Class 42 Rep 133 Posts Drives: Mercedes GL 450 Join Date: Jun 2010 Location: California, USA iTrader: (0)	Do you pay all or partial on a new order? If I want to pay the F10 series at a full price, do I pay a down payment first and wait for the car to arrive and once it arrive in about 2 months I would need to test drive it one more time before signing any paper and pay the rest of the amount....or... do I have to pay the full amount and wait for the car to arrive? I am in California by the way.
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06-17-2010, 08:28 PM	#2
ibimmer954 Major 138 Rep 1,424 Posts Drives: '23 i4 M50, '15 M3, '18 911 Join Date: Jul 2007 Location: San Diego, California, USA iTrader: (0) Garage List 2015 BMW M3 [9.75] 2023 BMW i4 M50 [0.00] 2018 Porsche 911 C4S [0.00] 2019 BMW X4 M40i [0.00]	I paid $500 refundable at order. The rest after the car got to the dealer, I checked the car out, and I drove it once. Took about 6 weeks after it was built.
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06-18-2010, 10:26 AM	#3
delvek Major 32 Rep 1,134 Posts Drives: 2014 550i Msport Join Date: Apr 2010 Location: Tampa, FL iTrader: (0)	Agreed, I put down 1k but anything more then that is really overkill for commitment. Although since your not getting financing then they may require something extra. My down payment was accompanied with an approval letter from my financial institution. Have you seen the interest rates at some credit unions lately, almost free money! Because your in the States as long as its not some weird configuration it really shouldn't matter as they will sell it relatively quickly if you back out. __________________ 2014 550i M-sport Last edited by delvek; 06-18-2010 at 10:27 AM.. Reason: bad grammar
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06-18-2010, 11:25 AM	#4
TX535i Enlisted Member 0 Rep 34 Posts Drives: '11 535i Join Date: May 2010 Location: Houston, TX iTrader: (0)	For the 3 BMW's I've bought I had to put down a deposit, but I've always used a Amex card for the deposit, and they never actually charged the card for the deposit. If you give them a check, do they actually cash the check?
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06-18-2010, 12:47 PM	#5
ibimmer954 Major 138 Rep 1,424 Posts Drives: '23 i4 M50, '15 M3, '18 911 Join Date: Jul 2007 Location: San Diego, California, USA iTrader: (0) Garage List 2015 BMW M3 [9.75] 2023 BMW i4 M50 [0.00] 2018 Porsche 911 C4S [0.00] 2019 BMW X4 M40i [0.00]	They cashed my check immediately. So I had $500 less to pay when I put money down later after the car got there.
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06-18-2010, 01:46 PM	#6
TX535i Enlisted Member 0 Rep 34 Posts Drives: '11 535i Join Date: May 2010 Location: Houston, TX iTrader: (0)	I had hoped that they would have charged my amex so I would have paid that a few months ago, and not have to write a larger check when I picked up my car. I guess for a credit card they just get an authorization and don't actually charge it (and avoid the credit card proecessing fee the banks charge them).
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06-18-2010, 08:50 PM	#7
xrayyou Enlisted Member 6 Rep 41 Posts Drives: 2008 E60 M5 Join Date: Mar 2010 Location: Louisiana iTrader: (0)	I initially gave my dealer a check for $1000 which they did not cash. I'm doing ED, so the car must be paid for a minimum of 7 days prior to delivery in Munich. __________________ Current: 07 911 GT3, 08 E60 M5 Retired: 03 E39 M5, 02 E46 M3, 94 E36 325is, 89 E30 325i (first and most missed)
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06-20-2010, 02:52 PM	#8
NU92 Registered 0 Rep 1 Posts Drives: 2011 550i Join Date: Jun 2010 Location: East Coast iTrader: (0)	I gave my dealer a credit card and they actually charged the card at the time I placed the order. I am now realizing that I can get a better deal than the one I signed for. I would assume a good dealer would match or come close to the new price I have. Anyone ever successfully renegotiated during the order process? I am not obligated to accept the car. I don't want to do that but want to come to a fair resolution. Thoughts?
	Appreciate 0 Quote