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Old 05-07-2017, 12:18 PM
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TXPearl TXPearl is offline
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Location: Texas
 
Join Date: Apr 2010
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Mein Auto: 2020 X5 M50i
Quote:
Originally Posted by 1968BMW2800 View Post
From BMW (bold is mine):
When the final payment (the balloon) is due on an Owners’ Choice contract, you have the following options:

You may complete your vehicle purchase by making the final balloon payment.
You may be able to refinance the final balloon payment, subject to certain conditions.
You may be able to sell your BMW back to us at a pre-determined price that is less than the final balloon payment amount, and have the pre-determined price applied towards the final balloon payment amount. If you chose this option, you will owe the difference between the predetermined price of the BMW and the balloon payment amount, and you will no longer own the vehicle. (You may also be able to refinance the difference between the predetermined price of the BMW and the balloon payment amount, subject to certain conditions.)
If not a typo, that would be a significant change to Owner's Choice. Up until now, you could walk away with a $350 disposition fee.
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