Quote:
Originally Posted by Supa Koopa
Not sure if this is what you're asking here, but let's say your GMFV is 30k but the car is worth 20k, if you want to buy or refinance the car you have to pay the 30k not the 20 it's now worth. This is the agreement you signed up for. The only thing you might be able to agree it's that they take the car back and you then buy it off them with their profit added, so probably 25k knowing garages.  you'd actually then be the second owner.
Hopefully someone will say I'm wrong but this is how I've always understood it. |
Hello,
That’s the thought process I was going through, almost like a way of meeting in the middle somewhere to save money, as at the end of the day BMW Finance surely have costs associated with taking cars back.
Many thanks,