[logik06g35]

Originally Posted by JIMD1709

Wrong. Even if he was approved, Dad still has to be co-lessee, I don't care who you are. Dad signs or doesn't, it's that simple. If they had Dad sign, they had him sign in the wrong spot, that's all. If Dad never signed, that would be different. Then I would say you're right.

oh i guesss i didnt read all of it then....if dad was on teh contract to begin with then yea that isnt the case. If he signed in the wrong spot thats even more of a reason not to make a big deal over it.

[kevinkevin]

I guess I won... :rocks:

They called me yesterday and delivered the good news. I get to keep the car without signing a new contract. The current stays valid.

I told them I wasn't happy about the whole thing, not expecting anything from them. But they offered to give me free lifestyle accessories.

Time to think about mods...

[sdiver68]

Good job, tell JIMD where he can...well never mind, you are keeping your car

[phantom330]

BMWFS doesn't have an option on a personal lease for somebody to be a guarantor, only a co signer. Did your original contract have both of you on it? If they set it up with your father as the PG (which they are not supposed to do) more than likely BMW FS rejected the contract for funding.

[OC Guy]

Originally Posted by kevinkevin

I guess I won... :rocks:

They called me yesterday and delivered the good news. I get to keep the car without signing a new contract. The current stays valid.

I told them I wasn't happy about the whole thing, not expecting anything from them. But they offered to give me free lifestyle accessories.

Time to think about mods...

Glad to see BMW stepping up to the plate and taking care of you.

[phantom330]

Originally Posted by JIMD1709

That is because you took the crappy advice from all the "Lawyers" on here. should have just had Dad sign in the proper place. The place he was supposed to sign in the first place for crying out loud. Now the Dealer and FS don't want anything to do with all the crap, it's not worth it.

Should have listened to post #76 I'm done with this thread!

Amen! Fact is, you were approved with a CO SIGNER, that is the deal BMWFS agreed to, not with your father as a co signer. I have a lot of inside knowledge on the subject if you know what I mean.

[kevinkevin]

Originally Posted by phantom330

BMWFS doesn't have an option on a personal lease for somebody to be a guarantor, only a co signer. Did your original contract have both of you on it? If they set it up with your father as the PG (which they are not supposed to do) more than likely BMW FS rejected the contract for funding.

Not sure what you meant by "doesn't have an option on a personal lease for somebody to be a guarantor".

My dad signed on the box that said Guaranty so he could be a guarantor. BMWFS wanted him to sign on the box that said Lessee so he could be a co-lessee.

All is good now... I've moved on...

[phantom330]

Originally Posted by kevinkevin

Not sure what you meant by "doesn't have an option on a personal lease for somebody to be a guarantor".

My dad signed on the box that said Guaranty so he could be a guarantor. BMWFS wanted him to sign on the box that said Lessee so he could be a co-lessee.

All is good now... I've moved on...

What I meant is..........the PG section is on all lease contracts, but is only APPLICABLE to business leases with a PG, BMWFS doesn't accept contracts with somebody as PG. Basically the only difference is that a co lessee has rights to the vehicle, where a PG doesn't have any rights, they are just financially responsible if the company defaults.