ED Refinance

mundo74 · 02-25-2007, 02:33 PM

When financing an ED through BMWFS then re-financing with another Bank maybe 2 months later, don't you loose those two payments ~$1,000.00+. Reason being as with any loan the initial payments are mostly interest and then you still have to refi the balance which most likley is still the same?

Or Does the loan have a no interest buyout period say 60 days? where you pay the amount borrowed with no interest.

Any help from the financial Gurus appreciated.

Thanx

BMW335i-FX · 02-25-2007, 04:06 PM

What is you interest rate from BMWFS ?

Quote:

Originally Posted by mundo74

When financing an ED through BMWFS then re-financing with another Bank maybe 2 months later, don't you loose those two payments ~$1,000.00+. Reason being as with any loan the initial payments are mostly interest and then you still have to refi the balance which most likley is still the same?

Or Does the loan have a no interest buyout period say 60 days? where you pay the amount borrowed with no interest.

Any help from the financial Gurus appreciated.

Thanx

mundo74 · 02-25-2007, 07:32 PM

7%

02-25-2007, 02:33 PM	#1
mundo74 Lieutenant 65 Rep 563 Posts Drives: F10M5 Join Date: Oct 2005 Location: P.Pines, FL iTrader: (2)	ED Refinance When financing an ED through BMWFS then re-financing with another Bank maybe 2 months later, don't you loose those two payments ~$1,000.00+. Reason being as with any loan the initial payments are mostly interest and then you still have to refi the balance which most likley is still the same? Or Does the loan have a no interest buyout period say 60 days? where you pay the amount borrowed with no interest. Any help from the financial Gurus appreciated. Thanx
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02-25-2007, 07:32 PM	#3
mundo74 Lieutenant 65 Rep 563 Posts Drives: F10M5 Join Date: Oct 2005 Location: P.Pines, FL iTrader: (2)	7%
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