No Export Agreement

[coconut780]

I was in my dealer the other night changing some options on the car and my salesperson showed me a curious email from BMWNA with a form attached to it. Apparently there have been problems with people buying F15s and exporting them China and other countries where apparently people are paying twice the price. BMW is now requiring that you sign an agreement saying that you will not export the vehicle before you are allowed to pick it up. Anyone signed this form?

[barcelona]

Yup, and the charge for doing so is $20k

[iBMWX5]

I can see that. In Switzerland, the same car I had built in the US for 65K is about 115K.

[barcelona]

Judge stops US crackdown on car exports. Fed govt ordered to return $1m to LA car exporter of RR pcars bmw. Export er claims taking adv of arbitrarge. Judge says nothing inheriently wrong with wire transfers, no probable cause of funds seized were proceeds of wire/mail fraud.Homeland security says some of funds were from money laundering. Exports to foreign countries can command 3x price US dealers. Actually with the strong US $, Can prices are looking good. Sorry no link as I am sourcing this from hard copy International NY times. In Milan for 7 days, seen no F15 few E70, lots of bmw bikes.

[2014_F15]

Yes. My dealer's finance manager asked me to sign one of those too. I didn't argue the topic since most of those types of agreements are not worth the paper they are written on and I'm keeping the car anyway. Unless my reserve price is met on eBay ; )

[r33_RGSport]

Originally Posted by barcelona

Judge stops US crackdown on car exports. Fed govt ordered to return $1m to LA car exporter of RR pcars bmw. Export er claims taking adv of arbitrarge. Judge says nothing inheriently wrong with wire transfers, no probable cause of funds seized were proceeds of wire/mail fraud.Homeland security says some of funds were from money laundering. Exports to foreign countries can command 3x price US dealers. Actually with the strong US $, Can prices are looking good. Sorry no link as I am sourcing this from hard copy International NY times. In Milan for 7 days, seen no F15 few E70, lots of bmw bikes.

Barcelona,
You were looking at the wrong direction. Most of the exports are to Asia these days, mainly China. No offense, but that's where the money are these days.

[igorsvrub]

Originally Posted by iBMWX5

I can see that. In Switzerland, the same car I had built in the US for 65K is about 115K.

Think that same situation is everywhere in Europe(at least in my country-Latvia same story).

[barcelona]

Originally Posted by r33

Barcelona,
You were looking at the wrong direction. Most of the exports are to Asia these days, mainly China. No offense, but that's where the money are these days.

R33. Yes the article specifcally mentioned China. I did not mean to imply Canada, thanks for pointing that out. Cheers.

[sirajkas]

I signed the agreement as well. A few dealers actually backed out of the deal since they were not comfortable with the cash deal. One CA told me some dealer in California got fined $600k from BMW.

[phantomac2]

The manufacturers could avoid it, by simply charging about the same in the US that they charge elsewhere in the world.

[atomic80]

I think I had to sign the same form too. Makes sense though. It's cheaper to buy vehicles here in the US.

[sl0westz]

http://www.ebay.com/itm/BMW-X5-xDriv...US_Cars_Trucks

2014 x5 for sale 18k over msrp????.... shittttt. i will sell mine in a heartbeat for 18k over if anyone wants to pay for it..

[providence]

...this topic is indeed highly interesting to me.
Hypothetically, if I were about to move to Canada (Aug), and bought my car here in the states before that move I would be fined 20K? There is no intention of selling the car on arrival to canada.
Does this agreement only apply for those intent on selling the cars after export vs just exporting the cars (with/without change in ownership)?

[golovan]

Originally Posted by providence

...this topic is indeed highly interesting to me.
Hypothetically, if I were about to move to Canada (Aug), and bought my car here in the states before that move I would be fined 20K? There is no intention of selling the car on arrival to canada.
Does this agreement only apply for those intent on selling the cars after export vs just exporting the cars (with/without change in ownership)?

I really hope so. I bought my F15 in US and live in Texas, but I may leave country in a couple of years. I was going to take it with me if I leave.
I signed that export paper too.

[atlantiQue]

$65K in the US versus $115K in Switzerland cannot be explained be taxes (VAT, excise) only. If it were only due to taxes BMW would not care about any no export clauses. If so, and if difference in price is so huge, that means BMW may be selling some models in the US below costs which is illegal in most countries or is cross-subsidising its sales in the US with profits from sales elsewhere, which is against the multilateral trade rules (although these apply on the governmental level) and fair competition.

[sirajkas]

Originally Posted by golovan

I really hope so. I bought my F15 in US and live in Texas, but I may leave country in a couple of years. I was going to take it with me if I leave.
I signed that export paper too.

The export document I signed specifically mentioned I cannot export it for 2 years.. I guess it should be fine after 2 years..

[barcelona]

Originally Posted by providence

...this topic is indeed highly interesting to me.
Hypothetically, if I were about to move to Canada (Aug), and bought my car here in the states before that move I would be fined 20K? There is no intention of selling the car on arrival to canada.
Does this agreement only apply for those intent on selling the cars after export vs just exporting the cars (with/without change in ownership)?

My contract was valid for a year. In 2012 I didn't have to sign for x3. Maybe overseas demand is for lg suv only. I assume logically if you move & not change ownership that there should be no problem. You may want to email Bmw NA. I am now in Munich so I do not recall the exact wording. I think it said no export without defining export..I am booked for the premium tour, too bad I cannot take pics @ plant.

[mikikuki7]

LOL, so what if I didn't sign one?

[sl0westz]

Originally Posted by mikikuki7

LOL, so what if I didn't sign one?

you paid for it and it's your , you can do whatever you want to it.. found in interesting article in new york times.
http://dealbook.nytimes.com/2014/04/...ype=blogs&_r=0

[mikikuki7]

Very interesting.... yeah, it might be mine, but also, BMW can refuse to sell me a vehicle if they don't think I'm a good customer... though decisions.. I heard about the export list and the people on that list can never but a MB or BMW.... EVER! I can imagine that atrocity!

[SharkPhi]

This has become increasingly common, especially with the diesel versions. I know Mercedes dealers who will run an "export check" on all purchasers of diesel ML and GL models. Usually there is a term of one or two years, and yes, the documents are binding, and extremely enforceable.