03-20-2013, 10:51 PM | #1 |
Second Lieutenant
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Financing with BMW
I'm considering financing my soon to be new bmw with bmw financing.
Here's a question: Lets say I get a 60 month term, and my payment is $650 per month. Then say after 2 years, I get a promotion. I want to start putting $750 per month on the loan. Is that possible? or do I have to contact bmw to make changes to the loan? or am I locked in with the $650 per month for the whole term? Thanks,
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2013 X1
MinGrey,XLine,Nav,Sirius,PwrSeats,Xenon,HKsound |
03-21-2013, 02:06 AM | #2 | |
Captain
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04-05-2013, 12:34 PM | #4 |
Dreamer
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04-06-2013, 08:38 AM | #5 |
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It's an open loan with no penalty for paying in advance. You can actually call BMW Canada finance and get an automatic payoff quote for your car at any time.
I chose the balloon finance method and every year I try to make some extra payments towards it so that I don't have to pay back the balloon all at once in year 5 |
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