Quote:
Originally Posted by equ
Thanks everyone... So I talked to both dealers. I am absolved of risk once I drop off the car. The bmw dealer says they are on the hook to pay me regardless... They just want to wait (a few days) to do it. They have also made some kind of contract between them.
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Meaning you take delivery and then a few days later they cut you a check for balance due back to you? That’s actually not too uncommon, you should be ok as long as all of the figures are clear on the paperwork. Typically you sign all the paperwork when you take delivery and then over the next couple of days the accounting folks in the back room process all of the paperwork (title work, internal accounting entries, etc) and they will cut a check at that point when they balance all of the figures to “close” the deal. I used to do this all the time back in the day, it was rare to cut checks on the spot.