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      01-07-2013, 08:48 AM   #4
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Drives: LCI E92 335d M-Sport
Join Date: Jan 2009
Location: Harrow, London

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It's usually a months interest as penalty for early repayment. There might also be a final payment fee as well couple hundred quid.

For example if a 1000 payment is at 8%, pay 80 extra. Plus a final value fee. Total cost maybe 300.

As a very loose example!

So you're actually better to take a very long finance term in this case where a months interest will be less money due to the lower monthy cost.

Someone correct me if they know better.
Previously: 2003 Peugeot 206 1.6 8v | 2006 E90 320d M-Sport, 19" BBS CH, Full Ice-cold JL audio install, August 2010 Total BMW 6 page feature car. | 2003 Nissan 350Z GT Coupe 286BHP
Now:2010 E92 LCI 335d M-Sport