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The BMW Range
5 Series
E60, E61
Finally bought my E60.
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<blockquote data-quote="beemerback" data-source="post: 536653" data-attributes="member: 24011"><p>Yes, a very high probability it's true. Most of the car dealers is only giving a goodwill 1-2 weeks of "warranty" on the engine and gearbox only. All other things - they use the caveat emptor principle, let the buyer beware. So, you need to be in the know when you go source your car from used car dealers or bring someone who knows to assist you. </p><p></p><p>To ensure that the dealers do fix/replace the parts they promised you, dont sign the loan documents from the bank/papers they prepared for you until you are sure that your requests has been fulfilled. However, they might insist that you pay the diferrential sum first (difference between your loan and purchase price of the car, if any).</p><p></p><p>The reason is (under the new Hire-Purchase Act) once you have signed all the documents and the car is transferred to your name the dealer would be able to submit their invoice to the Bank and the Bank is obliged to pay them immediately.</p><p></p><p>That would mean full purchase price of the car has been paid to them and if the parts/faults has not been rectified to your satisfaction, there is nothing much you can do except to collect the car as it is.</p></blockquote><p></p>
[QUOTE="beemerback, post: 536653, member: 24011"] Yes, a very high probability it's true. Most of the car dealers is only giving a goodwill 1-2 weeks of "warranty" on the engine and gearbox only. All other things - they use the caveat emptor principle, let the buyer beware. So, you need to be in the know when you go source your car from used car dealers or bring someone who knows to assist you. To ensure that the dealers do fix/replace the parts they promised you, dont sign the loan documents from the bank/papers they prepared for you until you are sure that your requests has been fulfilled. However, they might insist that you pay the diferrential sum first (difference between your loan and purchase price of the car, if any). The reason is (under the new Hire-Purchase Act) once you have signed all the documents and the car is transferred to your name the dealer would be able to submit their invoice to the Bank and the Bank is obliged to pay them immediately. That would mean full purchase price of the car has been paid to them and if the parts/faults has not been rectified to your satisfaction, there is nothing much you can do except to collect the car as it is. [/QUOTE]
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Home
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The BMW Range
5 Series
E60, E61
Finally bought my E60.
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