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Originally Posted by smchuck
I live in Cleveland, Ohio and am purchasing a 2 series BMW. My son lives in California and works for Apple that offers a BMW corporate incentive.
The guidelines for the incentive say the purchaser may use the son's incentive if both the purchaser and son reside at the same residence. I live in Ohio while my son lives in California.
I already have a contract with my local dealer for a purchase. My question is if its possible to add my son's name to the title then use his corporate incentive for the purchase?
Is this possible? Please let me know.
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Yes. But if not paying cash he'd have to consign your note or lease. Maybe not worth the hassle for $500. I did this way back when and got $2500 off a Touareg by having my mother (then a VW owner) cosign for me.
One thing to keep in mind going that route if something were to happen to you junior would be on the hook for the car. Leasing especially problematic as he'd have to make all remaining payments. Buying he could sell and settle up w the bank if upside down.