"Braman BMW, West Palm Beach (Predatory Loan)Recently I..."
Braman BMW, West Palm Beach (Predatory Loan)
Recently I bought a 2017 bmw 320i from Braman, did not like the car and wanted to trade it in for a car more suitable to me. Reason for buying the car, had a hit and run accident totaling my 02 bmw m3. These are the figures proving my point. Hopefully someone will read this and prevent this from happening again.
2017 BMW 320i - bought for 22k with 2k down financing 20k
Trade in value - 16k, needed to buyout for trade $24k!!
24k + 2k down = 26k - 16k = 10k profit at my expense
By definition this is a predatory (upside down) loan.
Insult to injury: bmw financing said if they could give me 21k for a trade in if I buy from them, the only problem they don’t have anything on the lot I like. In other words they penalized me $5k for not buying from them! What’s scary is that they will do this to the next guy for another 10k....no respect for the customer, did I mention I’m a senior citizen.
I found a car (2017 bmw M240i) I liked at Bmw South Motors for 36k, this is what happened at the trade in.
Because Braman required 24k for a vehicle only worth 16k on the trade in I had to pay an additional 9k totaling 45k. South Motors even said that Braman took advantage of me.
Talked to Michael at Braman bmw financing, he convinced himself that they did no wrong, figures don’t lie. Do not call send email only if you have the 5k.
"As a customer who was looking for a specific pre-owned..."
As a customer who was looking for a specific pre-owned vehicle out of state, Mike as the Director of Pre-Owned Sales was able to work with me and my wife to work out a deal and travel about 1000 miles to make the purchase happen. I appreciate the deal that you provided and the superior level of customer support from your staff throughout the whole purchasing process to its completion
I appreciate the fact that you were able to accommodate us with the price and delivery considering I was traveling about 1000 miles and make it worthwhile! Thanks!
"Buying a used car out of state is not an easy process..."
Buying a used car out of state is not an easy process especially if the vehicle that I am interested in is about 1000 miles away! Willie is the best pre-owned sales person that I have ever dealt with so far.
From the beginning of the purchasing process to the very end, he was able to answer and coordinate with his managment to all of my questions and concerns to assure me of the great vehicle condition and proper delivery. Mr. Orth provided the superior level of support that I needed in every way and he is absolutely a customer advocate! He has been in the car business I believe over 46 years and it showed his level of service to back it up. In addition, he also has a great sense of humor to make my purchasing experience easier and put me at ease considering that I have traveled long distance out of state. He also accommodated me having a staff member at Braman motorcars pick me up at the airport upon my arrival.
If you are in the market for a new car or a used car that Braman motorcars have on their lot, please ask for Willie Orth, he is the best salesman there! He will provide the support and peace you need throughout the whole process and make your purchasing experience a positive one! Thanks Willie!
"Great buying experience! First saw the car on the..."
Great buying experience!
First saw the car on the internet and contacted the dealership for more information. Anthony D’Amico responded quickly with more information about the car and its condition. Spoke a few times on the phone with Anthony and set up an appointment to visit the dealership. Upon arrival the car was parked out front and was exactly as described. We took it for a test drive, put a deal together and drove it home. The whole process was painless with no pressure. Every one at the dealership was extremely friendly and professional including Michael Morganstein and Ben? in the finance department. I would highly recommend Anthony and this dealership for your next car purchase.
"Braman BMW in West Palm Beach is an excellent dealership..."
Braman BMW in West Palm Beach is an excellent dealership and I highly recommend them to everyone. It was a pleasure doing business with them.
"I had a wonderful experience, Jamal was very welcoming..."
I had a wonderful experience, Jamal was very welcoming and helpful between him and Michael made sure to accommodate to my specific need. I could not be more grateful. Thank you! Highly recommend them.