Devastating news!!! From dealer

ranger2/75 · 02-16-2010, 06:55 PM

So my lease is coming up in April! Went to BMW to negotiate a new car; found the car I wanted and got a great offer on a 335i loaded M sport package, premium pk, navi u name it it has it. This was yesterday, bad news came today because my credit took a hit with the economy being so bad. So they said I fell below the credit line they have. Mind you with me being unemployed for a little over a year I still made all my lease payments. I finally got a new job but now I need a car to get to work and this happens! The salesperson at BMW said he will contact the big bosses tomorrow to see what he can do. My dad has an 800 credit score but I don't want to put that burden on him, since I got my last lease under my name. Don't know what to do but I'm very sad, went to sleep just dreaming about that car.... Don't know what to do going crazy

Top_Gear_Fan · 02-16-2010, 06:59 PM

I wish you the very best of luck, everyone should have the opportunity to drive a BMW. And may the "big bosses" have mercy on your soul.

bavarian19 · 02-16-2010, 07:01 PM

So get a car you can afford.

OlivaresAnthony · 02-16-2010, 07:03 PM

Good luck and I hope those dreams come true...

2kaccordocoupe · 02-16-2010, 07:05 PM

Quote:

Originally Posted by bavarian19

So get a car you can afford.

+1
Living within your means. What a novel ideal...

kgb1637 · 02-16-2010, 07:05 PM

Sounds like you should probably get into something a little less burdensome on your wallet. I would also check your credit report to see where your score is coming from to make sure theres nothing on there you should work out and resolve.

OlivaresAnthony · 02-16-2010, 07:10 PM

Quote:

Originally Posted by kgb1637

Sounds like you should probably get into something a little less burdensome on your wallet. I would also check your credit report to see where your score is coming from to make sure theres nothing on there you should work out and resolve.

I check mine every 4 months....also did it before buying my car. You can get a free copy of your credit report from annualcreditreport.com

jopa489 · 02-16-2010, 07:12 PM

Quote:

Originally Posted by bavarian19

So get a car you can afford.

+1. But why not wait until April when your lease is up? Your credit could change by then. Not sure I understand the urgency when clearly it's not the best time for you to be leasing a $50k car.

JayKay335i · 02-16-2010, 07:12 PM

I hear there are some great lease rates on the Genesis right now.

noro · 02-16-2010, 07:12 PM

If they bump your payment up because of your credit you should put your dad on the lease unless you have the reason to believe that you will not be able to make payments and screw up his credit that way, in that case you shouldn't cruising around in a 50K car to begin with.

ranger2/75 · 02-16-2010, 07:13 PM

I live within my means and paid my car note even in the bad times. Just so happen that I lost my job and it was not easy but I'm back on my two feet; it can happen to anybody trust me I'm a 8 year army vet including a tour in Iraq with a college degree. Things just happen. But my score should be up there in three or four months so I'll be ready anyways. Let's see what they say tomorrow

CrimsonIvy35i · 02-16-2010, 07:16 PM

Quote:

Originally Posted by bavarian19

So get a car you can afford.

PFFF...BE MORE POSITIVE, what is up with your hate? I know you're being honest, but come on man, don't bring people down all the time. I keep seeing your posts, they're always of this kind.

JulieDriving · 02-16-2010, 07:18 PM

As a heads-up, if BMW's "big bosses" let you get the car, they likely will charge you a significantly higher interest rate.

I'm sorry you weren't aware of your credit rating, and that you are so disappointed now... That's tough to fall from that "high". Check it out now, make sure everything is in order, and then work on improving it. Check your credit rating at least every year.

So, you either have to get your dad to co-sign the loan or purchase a less expensive car. Although your credit rating/ recent job may be an issue for other car manufacturers as well.

BMWinNorthdakota · 02-16-2010, 07:21 PM

Am I the only one that would live beyond my means to drive a Bimmer?

My bank account is sound now, but If anything were to go wrong.. I would be hard pressed to give up my car/buy something else.

I feel like now that I've driven 2 bmw's I can no longer settle for anything less.... Its motivation I suppose.

Good luck to you OP!! Hope you can get your self in that Bimmer. Me personally? Id do whatever it takes haha

TommyK · 02-16-2010, 07:29 PM

^ +1 cars mean a lot more to me than they do to most people so i would make sacrifices to have the car that i want to be driving. A BMW is more than just a car for some people and im sure there a others out there too that feel like they are not living if they have to drive something that has nothing to give back.

tres · 02-16-2010, 07:29 PM

Quote:

Originally Posted by ranger2/75

So my lease is coming up in April! Went to BMW to negotiate a new car; found the car I wanted and got a great offer on a 335i loaded M sport package, premium pk, navi u name it it has it. This was yesterday, bad news came today because my credit took a hit with the economy being so bad. So they said I fell below the credit line they have. Mind you with me being unemployed for a little over a year I still made all my lease payments. I finally got a new job but now I need a car to get to work and this happens! The salesperson at BMW said he will contact the big bosses tomorrow to see what he can do. My dad has an 800 credit score but I don't want to put that burden on him, since I got my last lease under my name. Don't know what to do but I'm very sad, went to sleep just dreaming about that car.... Don't know what to do going crazy

start working on your 5 point contingency plan hope it works out for you

ranger2/75 · 02-16-2010, 07:30 PM

Belive me! My bank account will be sound and I will be driving that car! It's like you said why settle for anything but the best. I've worked my ass off all my life; let alone put my life on the line for a year in Iraq... Just have to get it done

kgb1637 · 02-16-2010, 07:33 PM

As much as I love my car, would I give up my mortgage and move into an apartment to afford a leased BMW...no way.

ranger2/75 · 02-16-2010, 07:34 PM

Thanks to all the positive people! Haters always need a job so they keep on hating! I can make the right decision, is not like I'm going to die if I have to wait a little longer. But I have plan b in action so thanks againg!!!! Haters just do what u do best Lol

Ender514 · 02-16-2010, 07:37 PM

good luck. hopefully it will work out for you.

DBerg · 02-16-2010, 07:37 PM

I'd have dad co-sign... As long as you're sure you can pay, why is there stress?

ranger2/75 · 02-16-2010, 07:39 PM

Dude who is talking about a mortgage! Anyone in their right mind would not pick a car over your house or apartment for that matter. If it doesn't happen now then it will be at a later time no big deal...

02-16-2010, 06:55 PM	#1
ranger2/75 New Member 6 Rep 26 Posts Drives: 335i Join Date: Aug 2009 Location: new york city iTrader: (0)	Devastating news!!! From dealer So my lease is coming up in April! Went to BMW to negotiate a new car; found the car I wanted and got a great offer on a 335i loaded M sport package, premium pk, navi u name it it has it. This was yesterday, bad news came today because my credit took a hit with the economy being so bad. So they said I fell below the credit line they have. Mind you with me being unemployed for a little over a year I still made all my lease payments. I finally got a new job but now I need a car to get to work and this happens! The salesperson at BMW said he will contact the big bosses tomorrow to see what he can do. My dad has an 800 credit score but I don't want to put that burden on him, since I got my last lease under my name. Don't know what to do but I'm very sad, went to sleep just dreaming about that car.... Don't know what to do going crazy
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02-16-2010, 06:59 PM	#2
Top_Gear_Fan Lieutenant 108 Rep 403 Posts Drives: E92 335i Join Date: Oct 2009 Location: Los Angeles, CA iTrader: (0)	I wish you the very best of luck, everyone should have the opportunity to drive a BMW. And may the "big bosses" have mercy on your soul. __________________ My Ferrari 458 experience http://www.e90post.com/forums/showthread.php?t=738262 My McLaren MP4-12c experiences http://www.e90post.com/forums/showthread.php?t=794746 http://www.e90post.com/forums/showthread.php?t=939740
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02-16-2010, 07:01 PM	#3
bavarian19 General 517 Rep 18,858 Posts Drives: Car Join Date: Mar 2005 Location: VA iTrader: (23)	So get a car you can afford.
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02-16-2010, 07:03 PM	#4
OlivaresAnthony Colonel 101 Rep 2,095 Posts Drives: 2019 Toyota Tacoma TRD OR 4x4 Join Date: Nov 2009 Location: San Diego, CA iTrader: (6) Garage List 2019 Toyota Tacoma ... [0.00] 2015 BMW 535i [0.00]	Good luck and I hope those dreams come true... __________________ E90 325i\|Sparkling Graphite Metallic\|Steptronic\|Black Leatherette/Dark Burl Interior\|OEM Alarm\|35%Front/5%Rear Tint\|RD LED License Plate Lights\|Rear Fogs Activated\|Debadged\|Smoked Sidemarkers\|Blacklines\|Depo P90v2\|Matte Black Grille\|BMS PBX\|AFE Drop In\|Charcoal Filter Delete\|Air Scoops\| RM Silicone Intake Hose\| Magnaflow 14815\| 19" Avant Garde M310\|Continental DWS\|M3 Lip Spoiler
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02-16-2010, 07:05 PM	#6
kgb1637 Lieutenant Colonel 21 Rep 1,519 Posts Drives: RS5 Join Date: Sep 2008 Location: Baltimore, MD iTrader: (0)	Sounds like you should probably get into something a little less burdensome on your wallet. I would also check your credit report to see where your score is coming from to make sure theres nothing on there you should work out and resolve. __________________ Retired - '08 E90 335i Sparkling Graphite/Gray Dakota Leather, ZSP, ZCW, ZPP, Navi, ipod, Sat
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02-16-2010, 07:12 PM	#9
JayKay335i Banned 189 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	I hear there are some great lease rates on the Genesis right now.
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02-16-2010, 07:12 PM	#10
noro Colonel 90 Rep 2,707 Posts Drives: '91 M3, '04 E46 ZHP, '72 2002 Join Date: Aug 2006 Location: Boston iTrader: (0)	If they bump your payment up because of your credit you should put your dad on the lease unless you have the reason to believe that you will not be able to make payments and screw up his credit that way, in that case you shouldn't cruising around in a 50K car to begin with. __________________ zhpregistry.net - ZHP stats and free classifieds.
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02-16-2010, 07:13 PM	#11
ranger2/75 New Member 6 Rep 26 Posts Drives: 335i Join Date: Aug 2009 Location: new york city iTrader: (0)	I live within my means and paid my car note even in the bad times. Just so happen that I lost my job and it was not easy but I'm back on my two feet; it can happen to anybody trust me I'm a 8 year army vet including a tour in Iraq with a college degree. Things just happen. But my score should be up there in three or four months so I'll be ready anyways. Let's see what they say tomorrow
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02-16-2010, 07:18 PM	#13
JulieDriving Female driving enthusiast :P 76 Rep 2,308 Posts Drives: Bimmer Join Date: Nov 2009 Location: Ontario, Canada iTrader: (0) Garage List 2013 BMW M3 Coupe [10.00]	As a heads-up, if BMW's "big bosses" let you get the car, they likely will charge you a significantly higher interest rate. I'm sorry you weren't aware of your credit rating, and that you are so disappointed now... That's tough to fall from that "high". Check it out now, make sure everything is in order, and then work on improving it. Check your credit rating at least every year. So, you either have to get your dad to co-sign the loan or purchase a less expensive car. Although your credit rating/ recent job may be an issue for other car manufacturers as well. __________________ 2013 M3 coupe (Azurite Black, Black, Piano Black) + miata nut (2 miatas) + Mk6 GTI 5-door hatch (our mini-SUV )
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02-16-2010, 07:21 PM	#14
BMWinNorthdakota Banned 244 Rep 1,106 Posts Drives: 2007 bmw 335i e90 Join Date: Jun 2009 Location: Fargo ND iTrader: (0)	Am I the only one that would live beyond my means to drive a Bimmer? My bank account is sound now, but If anything were to go wrong.. I would be hard pressed to give up my car/buy something else. I feel like now that I've driven 2 bmw's I can no longer settle for anything less.... Its motivation I suppose. Good luck to you OP!! Hope you can get your self in that Bimmer. Me personally? Id do whatever it takes haha
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02-16-2010, 07:29 PM	#15
TommyK Brigadier General 119 Rep 3,325 Posts Drives: E90 335i LCI Join Date: Aug 2008 Location: Orange County, CA iTrader: (9) Garage List 2009 BMW 335i LCI [0.00] 2006 E90 330i [0.00]	^ +1 cars mean a lot more to me than they do to most people so i would make sacrifices to have the car that i want to be driving. A BMW is more than just a car for some people and im sure there a others out there too that feel like they are not living if they have to drive something that has nothing to give back.
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02-16-2010, 07:30 PM	#17
ranger2/75 New Member 6 Rep 26 Posts Drives: 335i Join Date: Aug 2009 Location: new york city iTrader: (0)	Belive me! My bank account will be sound and I will be driving that car! It's like you said why settle for anything but the best. I've worked my ass off all my life; let alone put my life on the line for a year in Iraq... Just have to get it done
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02-16-2010, 07:33 PM	#18
kgb1637 Lieutenant Colonel 21 Rep 1,519 Posts Drives: RS5 Join Date: Sep 2008 Location: Baltimore, MD iTrader: (0)	As much as I love my car, would I give up my mortgage and move into an apartment to afford a leased BMW...no way. __________________ Retired - '08 E90 335i Sparkling Graphite/Gray Dakota Leather, ZSP, ZCW, ZPP, Navi, ipod, Sat
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02-16-2010, 07:34 PM	#19
ranger2/75 New Member 6 Rep 26 Posts Drives: 335i Join Date: Aug 2009 Location: new york city iTrader: (0)	Thanks to all the positive people! Haters always need a job so they keep on hating! I can make the right decision, is not like I'm going to die if I have to wait a little longer. But I have plan b in action so thanks againg!!!! Haters just do what u do best Lol
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02-16-2010, 07:37 PM	#20
Ender514 General 228 Rep 20,998 Posts Drives: 2009 E92 335i Join Date: Feb 2008 Location: Philly iTrader: (0)	good luck. hopefully it will work out for you. __________________ 09' E92 335i \| 6MT \| Montego Blue \| Black Dakota Leather \| Dark Burl Walnut \| Premium \| Sport \| Cold Weather \| Nav \| Sirius \| Comfort Access \| iPod and USB adapter
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02-16-2010, 07:37 PM	#21
DBerg Private 5 Rep 99 Posts Drives: 06 325i BlkSap/Ter,MT,SP,PP,CW Join Date: Dec 2009 Location: MN iTrader: (0)	I'd have dad co-sign... As long as you're sure you can pay, why is there stress?
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02-16-2010, 07:39 PM	#22
ranger2/75 New Member 6 Rep 26 Posts Drives: 335i Join Date: Aug 2009 Location: new york city iTrader: (0)	Dude who is talking about a mortgage! Anyone in their right mind would not pick a car over your house or apartment for that matter. If it doesn't happen now then it will be at a later time no big deal...
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