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      11-29-2012, 11:13 PM   #16
Grovsnus
Flight Lieutenant ≛
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Drives: Le Mans blue X1 35i
Join Date: Sep 2012
Location: CT

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Quote:
Originally Posted by nospam View Post
Take advantage of the bonus cash with BMW financing. You can always buy out the loan with cash at the first payment
That would likely not be good business. The loan charges, even if paying in full at the first payment, are unlikely to be less than $500. And if you live in a state where you don't get the lien until paid off, you likely have an extra fee for holding and transferring that too.

Quote:
Originally Posted by nospam View Post
or refinance with your other lender if they will give you a better rate (which is what I do)
Now that makes more sense if you are going to finance it anyhow, and the refinance/transfer fees don't exceed $500.