Signing Restricted Power of Attorney

[angina]

I am about to complete the final paperwork for my ED purchase (this is not for the ED purchase order, but rather the paperwork with my dealership to finalize the purchase/financing terms), and I was given a "Restricted Poewr of Attorney" form to sign. Basically by signing it, I am agreeing to allow authorize and grant power of attorney to XXXX to act for me in all matters pertaining to the licensing and/or execution of an assignment covering my vehicle.

Now is this something that I should be signing? I think I recall a thread in here a couple months ago how this would not be to my best interests, as if anything were to happen legally, I would be under the influence of someone who is acting in the best interests of the dealership, not me....

What should I do?

[Hound Passer]

Yes. It's so BMW can register the car in your name and get insurance for you. You don't really have an option to sign or not sign if you want to do ED. If you don't sign it you can't do ED. End of story.

[jacksonhunter31]

The other posts were about signing arbitration agreements--different story. The POA is absolutely necessary to do the ED. Sign it.

[jfulcher]

You will be signing two more of these at drop off.. Those are ok to sign too.. :)

[angina]

I signed a power of attorney when I completed my ED paperwork. That POA, I had to get notarzied...

This POA was part of the paperwork that was specific to my dealership..... Basically it was a little card that came with my finance paperwork, final pricing, etc....

[choatie88]

Maybe they need that to register the vehicle and get plates for you? :dunno:

[ger3sf]

Maybe they need that to register the vehicle and get plates for you? :dunno:
Yes that's correct.