Quote:
Originally Posted by Mittalfdk
Quote:
Originally Posted by clee1982
$3.5k is pretty good, I only got $2k, there are no prepayment penalty, though more of a gentleman agreement between you and dealer, which I'm ok, since I still have to deal with them, and interest for 3 month is whatever don't really care.
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Thank you for this information. Is there a minimum amount the dealership wants you to finance? |
I agree on the "gentlemen" comment. The dealership can sell it at the lower price because BMWFS gives them a rebate. If you pay it off before the "requested" period they do not get to keep the rebate and basically make less or lose on the car. In my case I waited until the period was over and refinanced at a better rate. Win win for all. 3 months of interest or 3 months of a higher rate is likely worth the discount and helps the dealership out. Tough business theses days.