Quote:
Originally Posted by billybarr
PAY ATTENTION PLEASE!!!!
This just happened to me from the IDA flood. Payoff was 92K, Geico was telling me 114k on the settlement. BMW said I could not purchase the car as I had notified them the car was flooded.
I Imediately logged onto my BMW app, printed out the odometer statement, cut a certified check to BMW, and had the title the next week. Geico was then legally obligated to deal with me only. Bmwfs WILL KEEP YOUR MONEY. They retain all equity in any leased vehicle. Do not hesitate, print out the odometer statement and cut a certified check at 9 AM tomorrow when the bank opens. Overnight it to them for Monday. You will have your title in seven days. Do not listen to anybody else who has not been through this.
PM me if any questions.
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Instead of a certified check, can't he just login to his online account and payoff via bank transfer? Might be quicker to settle the payment.