I haven’t read through this but it doesn’t look like a very easy process to avoid the tax in CA.
Yes
Well good thing my local bmw dealer is willing to take my car!
Not at all. Practically you are applying for one time reseller permit .
Sorry guys. Late to the party. Lol. Looks like it’s already been disclosed.
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Watch what happens to early lease buyout quotes for BMWs over the next few weeks…
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Wow For finance as well? So we’ll need to refi with a credit union first then sell to 3rd party?
Man talk about threading the needle lol. Perfect timing!
Pardon my ignorance, but what part of the language in the notice would make this apply to a financed car? The word “Retail”? If someone financed a car, then it’s theirs to sell for however much they want as long as they pay off the balance of their loan, right? As a practical matter, why would BMW care who is buying the car? It’s not like they can inflate the loan balance for a third party dealer buyout. It’s quite different than a buyout of a lease, I think.
That’s what made me think it is also for sales if financed through BMW FS.
I definitely don’t claim to be the expert on the matter but wanted to share as much info as I had 
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Dude I know!
Bubble guts all weekend lol
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If this is the case for financed cars then it’s like when you sell you house the bank says your loan balance is “market rate”.
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In what way? The loan balance is the loan balance. Sales tax has already been paid. You need to pay off the lien obviously but you can sell the car you own to anyone.
Having a dealer pay off FS directly was only beneficial to lessees because that method avoided sales tax on the buyout.
No one should even call FS for a financed car except to pay off the lien and pay for expedited title if they want to.
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The language on the notice made me think BMW did this on the request of their dealer network. My guess is that dealers complained about lack of new car allocation and BMW ( not being able to increase production easily ) offered this as an alternative solution: “Hey dealers , we won’t be able to give you more new cars but we have a solution for you to get a lot more used bmws”
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Because cancelling customer orders to reprice them wasn’t enough for some dealers in June…
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Don’t know about that but if I owned a dealer and I did not hit my forecast / plan for the quarter, I would want to know why . If the answer from GM was “ we didn’t have enough cars to sell “, I would make sure BMW NA would know about it .
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Now, I’m less inclined to payoff my car for $70K, in order to sell it to a third party dealer.
The industry has to do what it needs to do to stay afloat I guess.
If im a dealer or captive this is great news
So much harder to project incoming cars/used car sales when folks are unloading to 3rd party sites
Used cars are a huge revenue stream for dealers
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So what’s the consensus now , call around to various BMW dealers to see who’s willing to play ball ? I assume we’re still allowed to sell to BMW dealers ?
Do you think that BMW dealers will take this as a way to lower valuations for vehicles since they only have to compete with customer lease payoffs?
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