GX550 & LC250 Tracking Thread (6 Viewers)

[gearguywb]

How many people are going to pay cash for a $60,000 and up car? Likely not many.
It’s standard practice everywhere for the dealer to hold the title until the car is paid off.
Google it.

“When a car is purchased new or used from a car dealership, you will receive the car title if you pay cash and purchase the vehicle outright. If you finance the car, the dealership will hold the title until the car loan is paid off.”

Not sure where you pulled that quote from, but definitely not true in the majority of states. The only way that would be somewhat true is if the dealer itself financed the car (acted as the lending institution).

The majority of the country, the lending institution holds the title. In a few the title is turned over to the purchaser but the lien is noted on the title and will not be removed until it is satisfied.

 

[Leelanau]

Not sure where you pulled that quote from, but definitely not true in the majority of states. The only way that would be somewhat true is if the dealer itself financed the car (acted as the lending institution).

The majority of the country, the lending institution holds the title. In a few the title is turned over to the purchaser but the lien is noted on the title and will not be removed until it is satisfied.

In Michigan, the title would show you as the title holder and list the lender as a secured interest on the title. In order to transfer that title to another buyer, there’s a spot for any secured interests to sign off that the lien has been paid.

 

[MeWantLC]

My understanding is / was the financial institution is the one holding off the titles. .

I understand, not many ... But I gotten to a point in life that I pay cash for my cars, unless 0% APR then I am game. I had paid VERY high interest in my life , early life in the USA, that I don't like the interest. Paying for a product and not totally owning it IS SIMPLE and plain, not right and I am very surprised the laws in the USA allow to do that .

I will try to research into it and see if I can find something.... I will share if I do.

How many people are going to pay cash for a $60,000 and up car? Likely not many.
It’s standard practice everywhere for the dealer to hold the title until the car is paid off.
Google it.

“When a car is purchased new or used from a car dealership, you will receive the car title if you pay cash and purchase the vehicle outright. If you finance the car, the dealership will hold the title until the car loan is paid off.”

 

[Phillyd2]

We too are cash buyers but the one thing I've noticed is that it's usually 0% APR OR $X amount discounted but almost never both. So even at 0% APR you're still paying more than with just cash.

 

[SpillmanCruiser]

Not sure.

Although, I might have found an easy out once I see it in person. Mine is getting the PIO (Port Installed Option) of dashcam..and if it hangs down this low and obstructive..that won't work for this tall guy. The big block behind the rear-view mirror is already bad enough.

View attachment 3612158

Is that the dash cam or the rain/light sensor? Holy s*** that's obnoxious

 

[Specialeyes]

Is that the dash cam or the rain/light sensor? Holy s*** that's obnoxious

I agree. I was thinking a factory dash cam would definitely be something I’m interested in but not if that’s how it’s going to look.

 

[MACFJ60]

I agree. I was thinking a factory dash cam would definitely be something I’m interested in but not if that’s how it’s going to look.

Can confirm, it very obtrusive. Drove me nuts in the GX I looked at this weekend.

 

[Phillyd2]

With cameras all over the vehicle it's a waste for them not to use them. BMW uses its on board cameras for their Drive Recorder system. Not as versatile as a separate dash cam but it does enough to call it good for most people.

 

[SpillmanCruiser]

Can confirm, it very obtrusive. Drove me nuts in the GX I looked at this weekend.

this thread is the first mention of the Dash cam that I have seen anywhere. I had the option to delete it at port, but that time has passed.

 

[MACFJ60]

With cameras all over the vehicle it's a waste for them not to use them. BMW uses its on board cameras for their Drive Recorder system. Not as versatile as a separate dash cam but it does enough to call it good for most people.

Exactly! My M4 has that capability and it meets my needs.

 

[Devils Paw 80]

A local salesman here in JNU, AK told me today that three 250 Land Cruisers are due in town fairly soon, within a month or so. Two first editions and one standard trim. I believe that one or both of the first editions are spoken for.

 

[jdam]

With cameras all over the vehicle it's a waste for them not to use them. BMW uses its on board cameras for their Drive Recorder system. Not as versatile as a separate dash cam but it does enough to call it good for most people.

How many cameras does the 550/LC250 have? I'm guessing for the around/panorama view cameras but do all of them come with that option? For all of it's flaws, that's one of the things I like about our Model 3. Just stick an SD card in it and it dumps all the camera data into it. As many views as you need.

 

[Phillyd2]

How many cameras does the 550/LC250 have? I'm guessing for the around/panorama view cameras but do all of them come with that option? For all of it's flaws, that's one of the things I like about our Model 3. Just stick an SD card in it and it dumps all the camera data into it. As many views as you need.

BMW has four. Front, Rear and each side. You decide which one to export but the most is all four in grid format on one video. The nice thing is that it's always recording so in case of an 'event' or manual trigger you also get the previous 20 seconds. You won't get hours like on a separate device with a SD card but enough for what most really need a dash cam for.

The point was that a similar simple DVR shouldn't that difficult when the cameras are already there.

 

[TWILLY]

That's what so frustrating. It's a GX for crying out loud, not some limited run Ford GT or something else exotic. Here's part of my response to the dealer:

"We don't carry debt and we have been waiting for the opportunity, after having owned several Land Cruisers and an LX570, to buy our first one brand new and outright. To have the title not be in our hands really cheapens that experience and our hard work."

I can’t decide if the policy is more draconian or weird—weird because it must deter lots of prospective cash buyers.

 

[jerryb]

MB is the only maker I personally know of that has export agreements. I would give contract to a lemon lawyer for guidance. I wouldn't sign that as is.
I'm sure F car and P car, bugatti etc have theirs also.

Ideally, with a cash buy on a vehicle, you want the car, and the MSO/MCO, delivered to the state line where you take possession. (Ca) If any fleet sales div sells singles they are the entity you want to talk to. It also pays to find out who the runner is at the dealership. MAybe they don't call them that anymore, IDK. (title DMV fixer)

Maybe they are trying to capitalize on the NO adjusted market value here, but maybe they aren't. It reads like they're using that export excuse and going one step further. Who's going to export in the first place. There will be tens of thousands of these. To be that emotionally invested in a vehicle purchase isn't smart.
If you have F you money then you should be paying someone to get the car for you.

I'd try to make good on my intentions and offer a modified (true) export and first option buyback. At the same time, consideration for that option should be zero doc fee. If not, shoot for a lease, 36/12 at .01 to .15xMSRP zero down. OF course they're going to say no to any of that. Then go elsewhere. YOu're not going to look back as say, I should have bought that truck 12 months earlier for an extra 20k. There's that F you money part coming in.

That agreement posted opens doors to some real shady practices. Someone is going to take advantage of that.

 

[SpillmanCruiser]

I can’t decide if the policy is more draconian or weird—weird because it must deter lots of prospective cash buyers.

I am a lawyer so I will weigh in on the dealer holding the title situation. As someone else said before, the only way a dealer can effectively "lien" your title is by your agreement. If you do not like the agreement, do not sign it. I would personally negotiate some consideration for signing off on a restriction like this.

That said, in the end, it is not really a big deal. 1 year to insure protection of the manufacturer's domestic market against overseas competition is not very long and will probably affect only a very negligible number of folks.

This is not legal advice. YMMV.

 

[vantage78]

For those specifically with a Luxury + on order, are you able to get an allocation without the captain chairs? Or is it pretty much a given on the plus models?

 

[MeWantLC]

$20k dealer adjustments... Apparently.

 

[Fort9378]

$20k dealer adjustments... Apparently.

I have seen more dealers charging sticker in NoVA than are charging markups. Could be competition of the area. Haven't looked elsewhere.

 

[Fort9378]

It appears from the other 250 forum that the 250s are being split between Tahara and Hino/Hamura. Looks like mine isn't being built in Tahara which is a tad disappointing.