Braman BMW West Palm Beach

Braman BMW, West Palm Beach (Predatory Loan) Recently I bought a 2017 bmw 320i from Braman, did not like the car and wanted to trade it in for a car more suitable to me. Reason for buying the car, had a hit and run accident totaling my 02 bmw m3. These are the figures proving my point. Hopefully someone will read this and prevent this from happening again. 2017 BMW 320i - bought for 22k with 2k down financing 20k Trade in value - 16k, needed to buyout for trade $24k!! 24k + 2k down = 26k - 16k = 10k profit at my expense By definition this is a predatory (upside down) loan. Insult to injury: bmw financing said if they could give me 21k for a trade in if I buy from them, the only problem they don’t have anything on the lot I like. In other words they penalized me $5k for not buying from them! What’s scary is that they will do this to the next guy for another 10k....no respect for the customer, did I mention I’m a senior citizen. I found a car (2017 bmw M240i) I liked at Bmw South Motors for 36k, this is what happened at the trade in. Because Braman required 24k for a vehicle only worth 16k on the trade in I had to pay an additional 9k totaling 45k. South Motors even said that Braman took advantage of me. Talked to Michael at Braman bmw financing, he convinced himself that they did no wrong, figures don’t lie.