Upon approval for a Used Franchise Dealer loan, the customer will be sent an up2drive loan package and Drive Check.
- Follow the step-by-step instructions attached to the Drive Check.
- Locate a Franchise Vehicle Dealership and confirm with the dealership the vehicle meets the Vehicle Eligibility Conditions listed in the loan package.
- Provide the Franchise Dealership the step-by-step instructions.
- Complete and fax required documents listed in the step-by-step instructions.
- An authorization will be provided to place on the Drive Check.
- Once authorized, the dealership can deposit the Drive Check.
The Franchise Dealership is responsible for titling the vehicle in your name as registered owner and BMW Bank of North America as the lienholder
Detailed step-by-step instructions are provided with the Drive Check to facilitate a smooth transaction.