10-21-2018, 08:05 PM | #67 | |
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10-21-2018, 08:11 PM | #68 | |
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10-21-2018, 08:42 PM | #70 | ||
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However, dealers are independent franchises so they could have a minimum requirement of 10k for example. That is how the dealer decided to do business. They will ask you make a handful of payments so that they get their kickback from bmwfs. Last I heard is that 4 payments should be enough. There is no prepayment penalty for paying off the loan early. However you may burn some bridges with finance |
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10-21-2018, 08:45 PM | #71 | |
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10-21-2018, 09:44 PM | #72 |
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So, even at twenty you’d be paying just a shade over two hundred bucks in interest, less whatever you would earn in your money market account, so maybe a hundred net, for a thousand off the top on the vehicle... still worth the trouble I would think. Assuming there aren’t any closing type costs.
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10-21-2018, 10:19 PM | #73 | |
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10-28-2018, 07:39 PM | #74 |
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Thanks to the info in this thread and others, I’m now awaiting quotes from other dealers. Went for a test drive and went over the numbers for my build, and the CA told me there was nothing more than the $1k loyalty they could do since it’s a new car. When I informed them that most people are getting 4-5% off MSRP, they said they didn’t know how other dealers could do that since the car isn’t even released yet unless they were doing “shady things”
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10-29-2018, 07:40 AM | #75 |
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Roxxor, if you're in Florida feel free to PM me and I'll let you know a dealer willing to make your experience a pleasant one and who won't feed you a line of BS. I've already gone thru this and happy to help.
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