Dealer buying a car for you?
Hello all!
I have been searching for a 2011 CPO 328XI for quite some time, and have yet to find the perfect car with the options that I want.
The BMW dealership close to my house gets quite a few lease turnovers/ trade-ins each month, but for the most part they always tend to be a little "stripped" to me (only premium, value packages, no other options). I'm leaning towards a vehicle with idrive, and the dealership near my house rarely ever gets them in, and if they do, they seem to charge heavily for it. Lastly, the dealership near my house is the only one within 80 miles, and seems to ask a lot for the car (many 2011 328XI's with 25,000 miles going for upwards of $30,000 with little options).
Looking to buy a car soon, I went on the CPO model search on the BMW website, and found a CPO vehicle at a BMW dealership 250 miles away that had the options I wanted, including the exterior and interior color combination that I love the most. Plus, it still has 2 years of original warranty and 2 years of CPO warranty. AND it's priced $2000 lower than what a comparable vehicle would be at the dealership would be near my house. It seems perfect, however, it is 200+ miles away, and while in the same state, there is no way I can take time out to go see it and maybe purchase it.
So I emailed the dealer near my house and explained to them that this is something that I would be interested, and they responded saying that they could "essentially" purchase the car for me.
They told me that I would have to put down a $1500 deposit, apply in advance for financing, and that they would purchase the car for me and I would complete the rest of the steps at the dealership. They said they would make sure the car looks good and legit prior to the process being completed, but they did not give too many details about the entire process. When I emailed them asking how the process went in detail, they just kept telling me to call or come in to discuss, which I will do, but I'd rather know more details about the situation going in.
So my questions are:
Has anybody gone through this process before? Having the BMW dealership purchase a car for you from another dealership?
Is there an extra fee for them doing this? Would I have to pay the asking price + a transpiration fee of some sort? Is there any negotiation on the vehicle price when doing this method?
And lastly, does this sound like a crazy thing to do? (lol). I know it sounds crazy, but if I am making a purchase that I hope to have for a very long time I want to have no regrets and get the option combination I want. If the vehicle is not as expected condition-wise, can I back out of it? Or am I locked in to completing the purchase?
Thank you all in advance for your answers/comments/suggestions! Everything is appreciated~ Have a good night!
-Chris
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