Quote:
Originally Posted by sfax
Mine was part financed by BMW and I called for an early settlement quote and there was no early repayment fee. Same is true for making a lump sum payment; they just recalculate the remaining monthly payments and give you a new monthly figure post lump sum. There are arrangement and settlement fees but the APR has to include these by law.
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Cheers sfax. I'll probably try and nail this once and for all by contacting BMW finance - I just need to be sure in my own mind what the T's & C's are with regard to this issue and how i intend to repay.