Quote:
Originally Posted by webwysard
I am not much concerned about the monthly payment but the balloon at the end of the term which is around 10800. so if i pay that at the end of the term i.e 48 months, the car will cost me £37000, where as the actual price was £26000.
I think the best thing is to pay off the car and sell it, might get couple of grands back.
Anymore suggestions ?
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This is a very poor deal IMO and i would look elsewhere for finance. Just to quantify...i have financed part of my new car with BMW and on 19K over 48 months i am paying a total of 22k back.
Sounds like they are trying to take you for a ride - why not look for a better finance agreement with another broker and pay off BMW?