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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > New & Preowned BMW Ordering / Pricing / Tracking Information Forum (including European Delivery) > Ordering Timeline: Insurance, Signing, Etc



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      02-10-2008, 09:44 PM   #1
ericsmc83
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Ordering Timeline: Insurance, Signing, Etc

I've been speaking with an SA at my local dealership about ED and the ordering process, and just wanted to clarify a few points.

1. My understanding is that all the financing terms are negotiated at order time, yet you don't actually sign until 7 days prior to ED. How then are the terms locked without a contract?

2. Do you have to have an active insurance policy when you go to sign, or can you wait until the car is actually on US soil? Reason I'm asking is it seems unnecessary to have to pay for 6-8 weeks worth of insurance while the car is in Europe/on a boat, and especially when the car is already insured in Europe.

Thanks for your help!
Eric
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      02-10-2008, 09:56 PM   #2
cycler
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When you put your order in then your rate is locked in. If the rate goes up your lock in rate stays the same. If it goes down then your rate goes down. You are signing a purchase order in the begining with a lease price attached..

You do not need on that vehicle when you order your car. You get 2 weeks insurance and registration when you go to munich. You should insure your new car when the sales person tells you to pick it up. He will call you a day or two in advance to let you know the car is in transit to the dealership or the car arrived and will give you a deilvery time.

The only thing that confused me was that when I did my ED my dealer said bmw wanted a copy of my current insurance card.
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      02-10-2008, 11:45 PM   #3
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Yea, that was my main confusion about the insurance. To me it wouldn't make sense to get your insurance policy until the car shows up at your dealer, not at signing before you go to Europe.
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