Quote:
Originally Posted by jsmith97321
Hello,
I have a similar question as the OP. I purchased a 2019 X3 and financed through BMWFS (USA) to get the APR incentive ($2,000).
I would like to pay off the loan on the first payment, but the dealer said I had to make 6 payments before paying it off to be eligable for the incentive, but nothing is in writing.
BMWFS, and my contract say the loan can be paid off anytime without penalty.
It sounds like BS to me, what is the dealer gonna do, send me a bill for the incentive...????
Has oneone had any experience with this???
Thanks in advance!!
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My understanding is that if the loan is paid off prior to 3 or 4 months (I have heard both numbers) that BMWFS goes back against the dealership for the incentive amount. I waited and made four payments before paying off my loan (I had a $4K finance incentive on my purchase). I checked with my CA first and he said that was fine.