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      03-08-2013, 06:30 AM   #1
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BMW Select Question

Does anyone have any experience with using BMW Select and specifically with overpaying on the agreement? I have a select agreement and they said I could overpay without penalty when i wanted, but i want to know if any overpayments will go towards the capital or will it first go towards the interest? Ideally I want to overpay to reduce capital and therefore pay the agreement off quicker.

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      03-08-2013, 10:57 AM   #2
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It says in the small print, but it goes against the capital first I think. There was some change in FSA regulations a while back that forced it if I'm not imagining things...
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      03-08-2013, 10:58 AM   #3
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Thanks for your reply, thats good to know, ill have to dig out the paperwork and have a look then, if anyone else knows for sure then please say. My paperwork is more than buried right now
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