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Sorry about the circumstance but sounds like everyone is ok so that’s the most important part.
The finance manager should have been upfront. Basically, the dealership makes money on the financing (BMWFS pays them for originating the loan). If you pay it off within 3 months, they have to repay the revenue they make on that loan to BMW Financial Services. There should not be any prepayment penalty for you, the borrower.
It’s more of a courtesy that the dealer should mention for their benefit and ask for you to understand but not make it sound like there is a contractual obligation with a prepayment penalty.
They moved a car they probably wouldn’t have sold otherwise. They should probably just be happy with that.
Make sure to tell your mortgage company about the new debt ASAP, they’re going to see it anyway.
Good luck with your new home!!
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