07-21-2016, 11:57 PM | #1 |
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BMW Financial discriminating against small businesses? Need advice
I went to purchase a new car with the new grad discount of $1000. I had my diploma which is what was required. The dealer submitted it and BMW responded saying they also need a current paycheck. I'm self employed, so I actually had paychecks from my clients because they weren't deposited yet, but BMW financial wouldn't accept them.
BMW financial was 100% okay with giving me the lease, but the only issue was with the new grad discount. So I paid the money assuming I'm going to call BMW financial and work this out. I called, they transferred me from BMW financial to customer relations, then back to BMW financial and basically I was told I can't talk to that department. Dealer even told me that night that it wasn't the dealers fault and they even showed me the response from BMW financial. What can I do at this point? Its clearly discrimination. I offered to show my account, my deposits, I showed them my checks from the past two days from business customers, I even told them I will get the year to date from the two biggest companies I work for that make up a majority of my annual salary. They refused. |
07-22-2016, 01:10 AM | #3 |
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Either way, its a business... You don't have to necessarily have a corporation, llc, etc... to be called a business. They didn't care either way, they didn't even ask.
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07-22-2016, 06:23 AM | #4 |
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Your mistake was paying the money assuming you would work it out later and get a refund. Never do that. Where's your leverage?
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07-22-2016, 07:19 AM | #5 | |
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If your business has never filed taxes under a LLC, sole proprietorship, etc. then you are not considered a business under the eyes of the law. |
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07-22-2016, 07:56 AM | #6 |
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You should really set up an LLC (or whatever is appropriate in your case) to protect yourself, regardless of the BMW discount.
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07-22-2016, 08:09 AM | #7 |
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BMW needs a lesson on incentive programs. They are suppose to get you to buy the brand, not piss you off. Your situation is a good example. Coupling the grad discount to your pay is nuts. Either you qualify for the lease or you don't. That should be a separate issue.
When I bought my F30, I got a loyalty discount for buying another BMW. However, I only got the discount if I financed the car through BMW Financial. What does financing have to do with brand loyalty? Yet, BMW would not give me the loyalty discount unless I financed through them. All it did was piss me off. What kind of incentive and brand loyalty are they trying to create with that program. I hope you work it out with them. Good luck. |
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07-22-2016, 08:33 AM | #8 |
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In order for you to declare yourself as a business it MUST be filed under a business tax ID. Most cases this results in an LLC or Sole proprietorship. (Assuming that you are just a small business). You may claim to be a business all you want but until you pay taxes under a business tax id, you are not seen as a business.
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07-22-2016, 09:01 AM | #9 | |
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Best case in that scenario is you start your lease in Dec and the programs are always great then.
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07-22-2016, 09:08 AM | #10 | |
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By the way your thread title is misleading. |
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07-22-2016, 09:13 AM | #11 |
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I bet any manufacturers grad discount would not have accepted what you were turning in not just BMW. As all others have said if you were set up legally you wouldn't have had any issues
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07-22-2016, 09:16 AM | #12 |
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You sound like such a whiny millennial. You didn't learn much while getting that precious degree did you? Give you a hint: try not acting so entitled. Then try reading; BMW credit is based on credit history and employment. Sounds like you have neither. And also try a new thread title and approach. Seriously? Discrimination? "Oh, I have no credit and no job and I can't buy a brand new BMW for 0% interest" I can see Fox News picking your story up any minute.
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07-22-2016, 09:27 AM | #13 | |
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07-22-2016, 09:36 AM | #14 | ||
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I'm going to say we are missing some facts here..... |
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07-22-2016, 09:42 AM | #15 | |
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Did they deny because recent grad doesn't apply to advanced degrees? If I go and take some courses at Trump U, can I go to the dealer with my diploma and get a discount? There must be some other requirement then just having a diploma that was not met. |
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07-22-2016, 09:54 AM | #16 |
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LOL at "discrimination". Dudes trying to buy BMWs, the essence of the downtrodden and the oppressed.
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07-22-2016, 09:59 AM | #17 |
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07-22-2016, 10:29 AM | #18 | ||
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Wow I Can Read
I guess reading comprehension is no longer required at college?
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07-22-2016, 10:46 AM | #19 |
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Boy if you think this is discrimination you must have had a hell of a sheltered life.
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07-22-2016, 10:55 AM | #20 | |||
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Last edited by tex2670; 07-22-2016 at 12:12 PM.. |
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07-22-2016, 12:26 PM | #21 |
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Why is in this new world that everyone is a victim because they don't like the rules?
My kids have a paper route with consistent checks, so I'm sure my daughter would be able to get Audi to finance that R8 that she keeps looking at since she is technically a "small business". LOL |
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07-22-2016, 12:49 PM | #22 |
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I'm happy to see that bimmerpost is decidedly not a "safe space". Though in fairness we probably should have provided trigger warnings before exposing him to reality.
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