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      01-12-2020, 09:38 AM   #48
bucketfoot
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Quote:
Originally Posted by chassis View Post
I don't see a fake sale when title legally transfers from one party (BMW) to another (the dealer). The dealer is buying the vehicle from BMW. This is the "punching" transaction. Do you agree that this is how the transaction unfolds?

So far in this thread no securities statute transgression has been identified.
What I have been told by people in the BMW fold is that US BMW dealerships own all of their inventory. They decided what models, colors, features etc. they want in their vehicles and order it from the factory. At the time of receipt the dealership takes ownership.

Thus punching is not the dealer buying from BMW, but the dealer buying from itself.

Now I honestly don't know that this changes anything in scheme of things. I see nothing wrong with the dealer buying vehicles from itself for dealership use and then re-selling them as some form of a used vehicle. In doing so the only place that it makes sense to log the "new" sale is when the dealer purchases it from themselves.
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