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Old 12-01-2012, 05:56 AM
Alpine300ZHP Alpine300ZHP is online now
East Coast Commuter
Location: South Florida
Join Date: Jan 2007
Posts: 4,049
Mein Auto: M4/X6
Originally Posted by SamS View Post
I plan on taking my 3.29% BMW FS loan immediately over to PenFed, for 1.49%. BMW will get the hint, soon enough.

Check your loan paperwork. I remember Jon Shaffer saying something about BMWFS has put some contractual language in there recently that stipulates that you must hold onto the loan for x amount of months or there is a pre-payment penalty equal to all of the dollar incentives paid to you at the time of sale. I am not 100% sure of the specifics, but it has been discussed here that BMWFS makes you hold onto the loan for a short period of time. I recall it being no more than 6 months.
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