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Shipping a leased BMW
Has anyone shipped their leased BMW oveseas. The reason is I know BMWFS would require marine insurance before allowing it to be shipped, most carriers that ship to Hawaii offer a max insurance of $10,000 based on the size of the car, with an additional $1100 if I want the full value covered.
I am trying to order from California to save money,most would sell to you for $1000 over invoice compared to the loacl dealer at full MSRP, full markup on Money Factor, but it looks like not so good anymore, with shipping and addtional insurance would add another $2200 onto my costs.
Anyone who has leased from BMWFS and shipped overseas before I appciate your input
| | Reply » Shipping a leased BMW |
I am not sure if you can ship a leased vehicle. You do not own it. Is BMWFS willing to give you a letter stating you can ship it? I think that would be required since they are the owners.
| | Reply » Shipping a leased BMW |
Quote: | I am not sure if you can ship a leased vehicle. You do not own it. Is BMWFS willing to give you a letter stating you can ship it? I think that would be required since they are the owners. |
You can always ship a vehicle leased or financed, you just have to have the right doc's for it.As far as BMW is concerned they want to make sure it has the proper marine insurance on it before they approve the shipment.
If you think about it, people ship cars all the time, military and others, so most finance companies should have no problem as long as the value is covered,just like regular insurance, except at sea and you would not drive a $60,000 car on the road without the proper insurnace the same could be said for at sea as well.
| | Reply » Shipping a leased BMW |
Quote: You can always ship a vehicle leased or financed, you just have to have the right doc's for it.As far as BMW is concerned they want to make sure it has the proper marine insurance on it before they approve the shipment.
If you think about it, people ship cars all the time, military and others, so most finance companies should have no problem as long as the value is covered,just like regular insurance, except at sea and you would not drive a $60,000 car on the road without the proper insurnace the same could be said for at sea as well. |
I haven't checked my BMW lease, but every other lease I've had says you can't leave the country with their leased car...
Hawaii might be okay, but I'm betting they won't let you take their car out of the country.
| | Reply » Shipping a leased BMW |
Quote: I haven't checked my BMW lease, but every other lease I've had says you can't leave the country with their leased car...
Hawaii might be okay, but I'm betting they won't let you take their car out of the country. |
Okay I figured it out myself, just for anyone else in the same boat as me in the future. BMWFS needs to see that the car is covered for mairne insurnance, which basically means when you ship the car, the boat sinks the insurance company will pay up.
Most insurance companies I spoke to do not offer "Marine Insurance", but how your policy is written is what BMWFS wants to see, just make sure you read your policy first. BMWFS said shipping a car from California to Hawaii is common practice for them , most automobile policies cover it, you just have to really make sure of it before agreeing to a deal first.
I have to say Kelly at BMWFS was really helpful,more than anyone else, they really are knowledgeable and very helpful.
| | Reply » Shipping a leased BMW |
I think by the time you finish all these gyrations, it'd probably be the same amount and certainly time and aggravation savings to have bought from the local dealer.
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Shipping a leased BMW