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      08-13-2006, 04:42 PM   #1
sillygoat
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bmw financing question??!?

i was wondering how bmw's financing works....

is there some prepayment fee where if you pay it off early you get charged... or can you pay more on your monthly payment to save money from the interest?
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      08-13-2006, 04:57 PM   #2
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there is no prepayment charge.
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      08-13-2006, 05:08 PM   #3
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well i didnt finance my car under BMW i finance it under CREDIT UNION which saves me alot of money my APR is 5.14%....

and yes i pay my monthly 10 days before the due date and it saves me alot of money because i pay early and the interest is not as much when you pay 5 days before due date!

and theres no such thing as pre-payment charge they will love it if you pay them on time so they can ripped you off with interest so PAY EARLY!!!!
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      08-13-2006, 05:35 PM   #4
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Quote:
Originally Posted by jojogargoles
well i didnt finance my car under BMW i finance it under CREDIT UNION which saves me alot of money my APR is 5.14%....

and yes i pay my monthly 10 days before the due date and it saves me alot of money because i pay early and the interest is not as much when you pay 5 days before due date!

and theres no such thing as pre-payment charge they will love it if you pay them on time so they can ripped you off with interest so PAY EARLY!!!!
wow longest sentences known to man
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      08-13-2006, 05:37 PM   #5
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      08-13-2006, 05:41 PM   #6
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Quote:
Originally Posted by jojogargoles
:finger:
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